Jaishankar at Global South Meet

Jaishankar is seeking reform of multilateral organizations at Global South Meet | Top-10 quotes

Minister of Foreign Affairs Sabrahmanyam Jaishankar called for the need to reform the multilateral period on Saturday.

According to the Minister, if he wants his authority to restulate during the third virtual audio in the southern world of the world in India, he needs to reform multi -terra. There is no difference from this evaluation. But being unable to propose this in connection with the United Nations is more expensive every day. "

Jiaishankar said in his address 10 is as follows:

1 Jaishankar said access to finance and technology remained key to unlocking the development potential of the Global South. “We need to encourage a more proactive and willing culture in this regard. India, for example, is sharing the India Stack and Digital Public Infrastructure solutions and undertaking development projects in nearly 80 countries, many of them in the form of grants. "You will recall that during the COVID-19 pandemic, we provided vaccines to around 100 countries," he said.

2. The minister cited the International Solar Alliance, the Coalition for Disaster Resilient Infrastructure, the Global Biofuels Alliance, Mission LIFE and the International Big Cat Alliance, and called for "greater willingness" to address issues of common interest.

3. On the growing use of financial sanctions, Jaishankar said: "We are all experiencing our vulnerabilities and our risks being exploited. At the same time, we are also seeing an increase in the use of sanctions, particularly financial sanctions." This will continue until other options are developed.

4. “The lesson for us in the South is to step up our own efforts. “This means more trade, investment, collaboration, training, etc. Trade settlements in our own currencies and fintech solutions are also desirable,” he added. 

5. At the beginning of the first session, Jaishankar spoke about the COVID-19 pandemic, conflict and climate change. He stressed the need for reliable and resilient supply chains.

6. He also called for "diversifying production itself across different geographies to mitigate risks to the global economy."

"What we have been advocating for in terms of socio-economic justice is now an equally compelling argument for the world in terms of predictability," Jaishankar added.

7. “The risks of climate change, the cost of transition pathways and the availability of resources are three major issues in the ongoing debate. During our G20 presidency, we have sought to promote just energy transitions,” said the Minister of Foreign Affairs. "We must work together as one family to facilitate the flow of low-cost finance and essential technology to the Global South," he added. 

8.Referring to major global problems, Jaishankar said solutions cannot come from the multilateral sphere, "The reason is both the obsolescence and polarisation of multilateral organisations. "Here too, India has been advocating for reforms in multilateralism and sought reforms in multilateral development banks through the G20. We have to stick to our position as a group," the minister said. 

9. Jaishankar called digital public infrastructure a “key enabler of transformation” in India. 

10. Jaishankar said some of the country's experience "will be of interest to our southern partners." They could also benefit from digital exchange and cooperation within the South.