Business Standard

Global governance institutions outmoded: PM

Image

Saubhadra Chatterji Addis Ababa

Prime Minister Manmohan Singh described the current international economic and political situation as “far from favourable, particularly for developing countries”.

“Even as the global economy is recovering from the economic crisis, fresh political upheavals are taking place. The world faces new challenges in assuring food and energy security. Global institutions of governance are outmoded and under stress,” the PM said. In the past, Singh has often cited global pressures as reasons for price rise of food and other articles.

To overcome the crisis, Singh laid emphasis on a “new spirit of solidarity” among developing countries. “We must recognise that in this globalised age, we all live connected lives in a small and fragile planet. We must work together to uplift the lives of our people in a manner that preserves the sustainability of our common air, land and water,” he said.

 

INDIA’S UNSC BID
India found African support for its effort to secure a permanent seat in the United Nation’s Security Council. Many African countries backed India while appreciating New Delhi’s assistance towards development initiatives in the continent. “Many leaders supported India as a permanent member of the UNSC,” Secretary (West) of the External Affairs Ministry, Vivek Katju said.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 25 2011 | 12:36 AM IST

Explore News