PM Modi's G20 plan now approved by the United Nations, said this big thing - Newztezz - Latest News Today, Breaking News, Top News Headlines, Latest Sports News


Saturday, September 9, 2023

PM Modi's G20 plan now approved by the United Nations, said this big thing

Top leaders of the world's 20 biggest economies have reached India for the G20 Summit. Prime Minister Narendra Modi has hosted everyone at Bharat Mandapam in New Delhi. Whatever may be the outcome of this summit, the United Nations has also approved PM Modi's agenda.

Currently, top leaders of the world's 20 largest economies are present in India for the G20 summit. Prime Minister Narendra Modi hosted everyone from US President Joe Biden to British PM Rishi Sunak and French President Emmanuel Macron at the Bharat Mandapam in New Delhi. This time India is the President of G20, hence its agenda has also been prepared by India under the leadership of PM Modi. Now the United Nations has also approved this agenda of India.

This time India has set an agenda for G20 to pursue reforms in international financial institutions. So that the needy and low income countries can be helped as much as possible. The most important thing in this is to reform institutions like World Bank, International Monetary Fund (IMF) and Asian Development Bank. India argues that these institutions were created in the 1940s after the Second World War, since then the needs of the world have changed. Therefore there should be changes in these also.

United Nations said this big thing

United Nations Secretary General Antonio Guterres has said the same thing supporting this agenda of India. He said that the global financial architecture is now outdated. It is no longer functional. Also it is extremely biased. Therefore, there is a need for radical change in it.

Antonio Gutierrez was talking to the media on Friday. Then he said this. He also said similar thing regarding the Security Council of the United Nations. He said that to deal with the reality of the 21st century, we need effective international institutions, which work in accordance with the UN Charter and international law.

He said that he always advocates taking strict steps. So that global institutions can be made relevant according to today's times. We should be more responsive towards emerging countries. Regarding India's joining the United Nations Security Council, he said that it is a prime candidate.

Heads of financial institutions have reached G20

India has talked about reforming institutions like World Bank and IMF under the G20 agenda. Therefore, World Bank President Ajay Banga and IMF Chief Christina Georgieva have also come to participate in the G20 summit. Meanwhile, US President Joe Biden, after bilateral talks with PM Modi, agreed to India's permanent membership in the UN Security Council.

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