G20 foreign ministers to reform international institutions

G20 foreign ministers have spoken in favor of reforming the most important international organizations. Brazilian Foreign Minister Mauro Vieira said yesterday at the conclusion of the conference: “Everyone agreed on the necessity of reforming the most important multilateral institutions such as the United Nations, the World Trade Organization, the World Bank and the International Monetary Fund to face the challenges of today’s world.” Meeting in Rio de Janeiro.

The United Nations is indispensable as an organization for peace and security. But above all, the Security Council needs to be reformed, for example by accepting new permanent and non-permanent members, especially from Latin America and the Caribbean, as well as Africa.

Blinken also spoke in favor of reform

“For the MDBs and the IMF, there was also broad agreement on the need to improve access to finance for the poorest countries and improve the representation of developing countries on governing bodies,” Vieira said.

US Secretary of State Anthony Blinken also spoke in favor of reforming international organizations in the G20 round. Blinken said at the conclusion of the meeting: “We need institutions that better reflect today’s world, not the world as it was when these institutions were created, most of them 80 years ago.”