India Champions Reformed Multilateralism at BRICS Foreign Ministers' Meeting
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External Affairs Minister S. Jaishankar has called for a comprehensive overhaul of the global financial architecture, emphasizing India's commitment to effective multilateralism during the recent BRICS Foreign Ministers' meeting.
At the recent BRICS Foreign Ministers' meeting held in New Delhi, India reiterated its long-standing demand for 'reformed multilateralism.' External Affairs Minister S. Jaishankar highlighted that the current international financial architecture, largely designed in the post-World War II era, is increasingly inadequate to address the complexities of the 21st century. He argued that global institutions must become more representative, democratic, and responsive to the needs of the Global South.
India’s push for reform is rooted in the belief that the current global order fails to reflect contemporary geopolitical and economic realities. By advocating for a more inclusive framework, India seeks to ensure that the voices of emerging economies are heard in decision-making processes regarding global trade, climate finance, and debt sustainability. This stance aligns with India’s broader foreign policy objective of positioning itself as a 'Vishwa Mitra' (friend of the world) and a leading voice for developing nations.
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