NEW DELHI, May 15 : External Affairs Minister S. Jaishankar on Friday chaired the BRICS India Foreign Ministers’ Meeting (FMM) session on “Reforms of Global Governance and Multilateral System,” underscoring the need for a more credible and reformed multilateral framework in an increasingly interconnected and multipolar world.
In his address, Jaishankar highlighted the centrality of United Nations reforms, particularly the expansion of both permanent and non-permanent categories of the UN Security Council, stating that without such changes the institution’s effectiveness and credibility would remain constrained.
He also stressed the need for text-based negotiations to advance UN reforms and called for urgent restructuring of the international financial architecture to make multilateral development banks more responsive, resilient and accessible, especially in terms of development and climate finance.
The External Affairs Minister further advocated for a fair, rules-based and inclusive global trading system with the World Trade Organization (WTO) at its core, noting challenges arising from non-market practices, supply chain concentration and uncertain market access.
Jaishankar said reforms are urgently required to strengthen global institutions and ensure they reflect current geopolitical realities.
“The message from our times is clear — cooperation is essential, dialogue is necessary, and reform is overdue,” he said.
