Prime Minister Narendra Modi today said, “global governance has failed” and multilateralism is in crisis as he opened a Foreign Ministers’ meeting of the G20 where Russia’s war in Ukraine has taken centre-stage.
Multilateral institutions had failed to meet the world’s most pressing challenges, PM Modi said in a recorded message before the first session of the Foreign Ministers’ meet.
” We must all acknowledge that multilateralism is in crisis today…The experience of the last few years – financial crisis, climate change, pandemic, terrorism and wars – clearly shows that global governance has failed,” he said.
“After years of progress, we are at risk today of moving back on the sustainable development goals. Many developing countries are struggling with unsustainable debts while trying to ensure food and energy security. They are also most affected by global warming caused by richer countries. This is why India’s G20 presidency has tried to …