Strong call for reform of global financial institutions, climate action: U.N. chief Guterres, ahead of G20 Summit

U.N. Secretary-General Antonio Guterres. File.

U.N. Secretary-Basic Antonio Guterres. File.
| Photograph Credit score: Reuters

As U.N. Secretary-Basic Antonio Guterres arrives in India subsequent week for the G20 Summit, the message he’ll take to the grouping of the world’s greatest economies might be a robust name for reform of worldwide establishments and motion to fight climate change.

Mr. Guterres has a busy journey schedule lined up as he heads to the Africa Local weather Summit in Nairobi, Kenya, on September 4-5; the ASEAN-UN Summit in Jakarta, Indonesia, on September 6-8; the G20 Summit in New Delhi, India and the Summit of the G77 and China in Havana, Cuba, on September 14-15.

India, president of the G20, will host international leaders, together with U.S. President Joe Biden, for the Summit scheduled to happen on September 9 and 10 in New Delhi.

Talking to UN reporters right here on Thursday, Mr. Guterres stated his message to G20 — the world’s greatest economies, that are additionally the most important emitters — is that as local weather chaos gathers tempo, the world is trying to them.

“They should step up, accelerating their discount of emissions — they account for 80% of them — and supporting nations which might be already paying the worth for many years of heating attributable to fossil fuels,” he stated.

Mr. Guterres added that G20 nations additionally must look significantly into reform of worldwide monetary establishments, guidelines and frameworks to adapt them to right this moment’s realities and extra successfully allow growing nations to entry the sources they should put money into the Sustainable Improvement Targets.

“We should overcome the inequalities and divisions that blight our world right this moment, together with right here, on the United Nations. Until we act now, the Sustainable Improvement Targets might grow to be an epitaph for a world that may have been,” he stated.

Mr.Guterres famous that the Africa Local weather Summit, the UN-ASEAN Summit, the G20 Summit and the G77 Summit collectively “exhibit the vitality of our multipolar worldwide group.”

“And multipolarity in itself doesn’t assure peace and stability. Quite the opposite, with out sturdy multilateral establishments, multipolarity may very well be an element for escalating geostrategic tensions, with tragic penalties,” Mr. Guterres stated.

He famous that except the worldwide group strengthens and reforms international multilateral frameworks, fragmentation is all however inevitable. “And with fragmentation, confrontation can come. Multilateral establishments will solely survive if they’re really common,” he stated.

“And I’ll subsequently be carrying the identical message to all these conferences – the sturdy name for reforms to convey our outdated multilateral establishments and frameworks into line with the financial and political realities of right this moment’s world based mostly on fairness and solidarity,” Mr. Guterres stated.