BRICS countries stress on global economic governance, call for comprehensive reform of UN

The BRICS nations on Thursday stressed the need for comprehensive reform of the United Nations (UN), including the Security Council, to make it more representative, effective and efficient. Prime Minister Narendra Modi said, our mutual cooperation can make a useful contribution to the global recovery after Kovid.

According to the Beijing Declaration of the Virtual BRICS Annual Summit, China and Russia reiterated the importance of recognizing the position and role of Brazil, India and South Africa in international affairs and supported their aspiration to play a greater role in the United Nations.

According to the Ministry of Foreign Affairs of the People’s Republic of China, the Beijing declaration said, “We reiterate the importance of further enhancing BRICS solidarity and cooperation on the basis of our shared interests and key priorities to further strengthen our strategic partnership.” “

“We are pleased to note that despite the COVID-19 pandemic and other challenges, in 2022 the BRICS countries will jointly enhance solidarity and promote, inter alia, economy, peace and security, people-to-people exchanges. Provided, has continued to increase cooperation on public health and sustainable development by holding a series of meetings and activities, and has contributed to the tangible results of the BRICS cooperation,” the declaration added.

In addition, the declaration states, “We reiterate our commitment to multilateralism through upholding international law, with the objectives and principles enshrined in the Charter of the United Nations as an essential cornerstone, and of the United Nations in an international system.” Sovereign states that play a central role in maintaining peace and security, advancing sustainable development, ensuring the protection and security of democracy, human rights and fundamental freedoms for all, and promoting cooperation based on the spirit of mutual respect, justice and equality. Collaborate to give.”

It said, “We appreciate the role of India and Brazil as members of the UN Security Council for 2021-2022 and 2022-2023 respectively. The presence of the four BRICS countries in the UN Security Council adds to our weight. It provides an opportunity to enhance dialogue on issues of international peace and security and for continued cooperation in areas of mutual interest, including regular exchanges between our Permanent Mission to the United Nations and other international fora.”

The BRICS countries recalled UN General Assembly Resolution 75/1 and reiterated the call for reform of the principal organs of the United Nations.

“We are committed to renewing the discussion on the reform of the United Nations Security Council and continuing to work to revive the General Assembly and strengthen the Economic and Social Council,” he said.

“We recall the 2005 World Summit Outcomes Document and reaffirm the need for comprehensive reform of the United Nations, including its Security Council, to make it more representative, effective and efficient, and To increase the representation of developing countries so that it can adequately respond to global challenges.”

“We emphasize that global economic governance is of vital importance to countries to ensure sustainable development and to broaden and strengthen the participation of emerging markets and developing countries (EMDCs) in international economic decision-making and criteria-setting processes. To recall our support,” the announcement added.

Furthermore, in the Declaration, BRICS reiterated its support for the G20’s leading role in global economic governance and underlined that the G20 will remain intact and respond to current global challenges.

“We call on the international community to foster partnerships, while underlining that macro-policy coordination is needed to lift the world economy out of crisis and shape a strong, sustainable, balanced and inclusive post-pandemic economic recovery. We urge major developed countries to adopt responsible economic policies, while managing policy spillover, to avoid severe impacts on developing countries,” it said.

Modi in his opening remarks at the XIV BRICS Summit 2022 said, “Even though the scale of the pandemic has reduced globally compared to earlier, many of its ill effects are still visible in the global economy,” adding “Over the years, we have undertaken several institutional reforms in BRICS, which have increased the effectiveness of this organization.”

The Indian PM said that it is also a matter of happiness that the membership of our New Development Bank has also increased. There are many areas where the lives of our citizens are directly benefiting through our mutual cooperation, he said.

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