G20
G20 foreign ministers called for comprehensive reforms of the most important international organizations as they met in Rio de Janeiro, while war continues to rage in several parts of the world. "Everyone agreed that the most important multilateral institutions such as the UN, the World Trade Organization, the World Bank and the International Monetary Fund must be reformed in order to meet the challenges of today's world," said Brazilian Foreign Minister Mauro Vieira on Thursday at the end of the meeting. The United Nations is indispensable as an organization for peace and security, he said. H...
DPA
German Foreign Minister Annalena Baerbock on Thursday defended the G20 developed and emerging economies against critics who consider the group outdated in light of Russia's war against Ukraine. She said the group, which represents 80% of the world's economic power and 60% of the world's population, is an important driver of reform in multilateral institutions like the United Nations. "If we want to tackle the complex challenges of the 21st century, our multilateral institutions cannot remain stuck in the past century," Baerbock said in a debate among G20 foreign ministers on international inst...
DPA
Reforms to major international institutions are set to be at the centre of talks between the foreign ministers of the G20 developed and emerging economies on Thursday. Institutions like the UN Security Council are under fire, with critics saying they are increasingly irrelevant. Two years after the Russian attack on Ukraine, the UN Security Council is often blocked in its decisions due to Moscow's veto power. At the G20 group's meeting in Rio de Janeiro, Brazil, German Foreign Minister Annalena Baerbock said on Wednesday that the modernization of financial institutions was at the top of the G2...
DPA
German Foreign Minister Annalena Baerbock has called on the Group of 20 leading economies to press for solutions to the Ukraine and Mideast crises. "We will not make this world fairer if we do not get the acute crises under control," Baerbock said on Wednesday on the sidelines of a G20 foreign ministers' meeting in Rio de Janeiro, Brazil. Both conflicts expected to play a major role in the meeting, which comes just days before the second anniversary of Russia's full-scale invasion of Ukraine. "The effects of these two wars are hitting the poorest people the hardest around the world," Baerbock ...
DPA
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