New Delhi, July 06: Prime Minister Narendra Modi on Sunday strongly advocated equal representation, institutional reform and inclusiveness in decision making process for developing countries. He said that global institutions cannot be effective without the participation of Global South.
The Prime Minister said these things in his address during the ‘Global Governance’ session of the 17th BRICS Summit held in Brazil today.
Prime Minister Modi said that the Global South has often been a victim of double standards. Developing countries have received only symbolic cooperation in matters like distribution of resources, climate finance, sustainable development and technological access.
Describing change in global institutions as necessary, the Prime Minister said that in the age of artificial intelligence, where technology is changing every week, it is unacceptable for global institutions not to change even in 80 years. He said, “Software of the twenty-first century cannot be run with a typewriter of the twentieth century.”
He said that two-thirds of humanity has not been adequately represented in the global institutions formed in the twentieth century. Countries which have made a significant contribution to the current global economy have been deprived of the decision-making process. This is not just a question of representation, but also of the credibility and effectiveness of institutions.
Emphasizing the need for serious reforms, the Prime Minister clearly stated that today the world needs a multipolar and inclusive global order. For this, serious and effective reforms are necessary in global institutions. He said that only symbolic reforms will not be enough. Structural changes, changes in voting rights and leadership positions are also necessary.
The Prime Minister described BRICS as an example of changeability and emphasized that now this willpower should also be shown in the United Nations Security Council, World Trade Organization and multilateral development banks.
The Prime Minister emphasized the commitment to work in the interest of humanity. He said that India has always given priority to working in the interest of humanity by rising above its own self-interest. He assured that India, along with BRICS, is committed to make constructive contributions on all subjects. He thanked Brazilian President Lula for successfully organising the summit and giving new energy to BRICS. He also congratulated President Prabowo on Indonesia’s joining BRICS. It
is noteworthy that the BRICS (Brazil, Russia, India, China, South Africa) group is an organisation of emerging economies. Currently, there are a total of ten member countries in BRICS: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and Argentina.