United Nations Secretary-General Antonio Guterres has said that today’s global governance structures reflect yesterday’s world adding that for multilateral institutions to be universal, they needed to reformed.
He was speaking at the BRICS summit held in Johannesburg on Thursday.
These structures he said “were largely created in the aftermath of World War II when many African countries were still ruled by colonial powers and were not even at the table.”
“This is particularly true of the Security Council of the United Nations and the Bretton Woods institutions,” he said, referring to the World Bank and International Monetary Fund.