United Nations Secretary-General Antonio Guterres emphasized the need to reform the Security Council and international financial institutions due to the trend of developing countries outpacing developed nations economically. He highlighted the shift in global GDP towards emerging economies and stressed the importance of updating structures to align with the current world dynamics. Guterres pointed out that the frameworks established in 1945 are inadequate to address the challenges of today.
The latest UN report on the world economy revealed that developing countries experienced a growth rate of 4.2% last year, surpassing the 2.9% growth of developed nations. India, aiming for a permanent seat on a reformed Council, emerged as the fastest-growing major economy with a 7.4% growth rate. Guterres, in his final address to the General Assembly, acknowledged the ongoing global crises while highlighting the progress made in enhancing the UN’s role in international affairs.
While not explicitly naming the US or Russia, Guterres alluded to the challenges posed by certain Security Council members who have been accused of violating international law. He expressed determination to uphold international cooperation despite disruptions caused by some nations. Addressing the financial crisis within the UN, Guterres called for all countries to fulfill their financial obligations under the Charter to prevent budgetary strains. He also mentioned ongoing efforts to streamline the UN’s operations for greater efficiency.
