Norstrats
  • News
  • Business
  • Entertainment
    • Gaming
    • Music
    • Sports
  • Lifestyle
    • Health
    • Fashion
    • Food
    • Fitness
  • Tech
    • App & Software
    • Digital Marketing
    • Gadget
    • PC & Mobile
    • Social Media
  • Education
No Result
View All Result
Norstrats
  • News
  • Business
  • Entertainment
    • Gaming
    • Music
    • Sports
  • Lifestyle
    • Health
    • Fashion
    • Food
    • Fitness
  • Tech
    • App & Software
    • Digital Marketing
    • Gadget
    • PC & Mobile
    • Social Media
  • Education
No Result
View All Result
Norstrats
No Result
View All Result

UN chief says it’s time to reform Security Council, Bretton Woods

Ruchir by Ruchir
2 years ago
in News
0
UN chief says it’s time to reform Security Council, Bretton Woods

By Sakura Murakami

HIROSHIMA, Japan (Reuters) – U.N. Secretary-General Antonio Guterres said on Sunday that it was time to reform both the Security Council and Bretton Woods to align with the “realities of today’s world”.

Speaking at a press conference in Hiroshima, Japan, where the Group of Seven summit meeting had been held, Guterres said both institutions reflected the power relations of 1945 and needed to be updated.

“The global financial architecture became outdated, dysfunctional and unfair,” he said. “In the face of the economic shocks from the COVID-19 pandemic and the Russian invasion of

Ukraine, it has failed to fulfil its core function as a global safety net.”

Guterres also spoke of how he felt that at the G7 summit there was a growing consciousness among developing countries that not enough was being done to reform outdated institutions or “remove the frustrations” of the Global South.

India’s economy will grow over 6% this year and next, the International Monetary Fund said in its World Economic Outlook this January.

China and India together will account for about 50% of world growth in 2023, IMF chief economist and director of the research department Pierre-Olivier Gourinchas said at the time.

The wealthy G7’s economic clout has also shrunk in the past 30 years, accounting for 29.9% of global GDP in 2023 compared to 50.7% in 1980, according to the IMF.

“We will see now what is the impact of the discussions that were held here in Hiroshima,” Guterres said. “The G7 members were able to discuss with some of the most important emerging economies in the world.”

G7 host Japan made a point of inviting figures from the so-called Global South to Hiroshima for talks. Invitees included Indian Prime Minister Narendra Modi, Brazil’s President Luiz Inacio Lula da Silva and Indonesian President Joko Widodo.

(Reporting by Sakura Murakami; Editing by Chang-Ran Kim)

[ad_2]

Source link

Previous Post

Best Buy is offering the best no-trade-in, no-activation Samsung Galaxy S23 series deals to date

Next Post

8-year-old girl sought medical help 3 times on day she died, US immigration officials say

Next Post
8-year-old girl sought medical help 3 times on day she died, US immigration officials say

8-year-old girl sought medical help 3 times on day she died, US immigration officials say

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Recent Posts

  • The Importance Of Establishing A Dental Home For Your Family July 1, 2025
  • Why Hiring An Accounting Firm Is A Smart Move For Small Businesses July 1, 2025
  • Tips For Preparing Your Pet For A Vet Visit July 1, 2025
  • How to Check Instagram Username Availability: Complete Guide for 2025 June 25, 2025
  • How Teeth Whitening And Cosmetic Treatments Benefit Both Parents And Kids June 24, 2025

Follow Us

Popular Posts

Plugin Install : Popular Post Widget need JNews - View Counter to be installed

About Us

NorStrats

Norstrat is a global integrated communications company that provides various services such as digital marketing, social media marketing, and business.

Contact Us: admin@norstrats.net

Menu

  • Pet
  • Real Estate
  • Tip & Trick
  • How-to
  • F95zoneus

Recent News

The Importance Of Establishing A Dental Home For Your Family

The Importance Of Establishing A Dental Home For Your Family

July 1, 2025
Accounting

Why Hiring An Accounting Firm Is A Smart Move For Small Businesses

July 1, 2025
  • About Us
  • Contact US
  • Terms
  • Privacy Policy

© 2022 NorStrats. Design & Developed by F95 zone

No Result
View All Result
  • News
  • Business
  • Entertainment
    • Gaming
    • Music
    • Sports
  • Lifestyle
    • Health
    • Fashion
    • Food
    • Fitness
  • Tech
    • App & Software
    • Digital Marketing
    • Gadget
    • PC & Mobile
    • Social Media
  • Education

© 2022 NorStrats. Design & Developed by F95 zone

error: Content is protected !!
Go to mobile version