According to PM Modi, The Global South Must Reform Governance

According to PM Modi, The Global South Must Reform Governance
According to PM Modi, The Global South Must Reform Governance

The people of the Global South should no longer be excluded from the fruits of development, according to Prime Minister Narendra Modi.

Prime Minister Narendra Modi stated on Thursday, as he hosted a virtual summit of leaders from the Global South, that developing nations should collaborate to redesign global political and financial governance to ensure they are not excluded from development and can eliminate inequalities.

The Voice of Global South Summit was a new initiative of the Indian government that brought together the leaders of Bangladesh, Cambodia, Guyana, Mozambique, Mongolia, Papua New Guinea, Senegal, Thailand, Uzbekistan, and Vietnam several months after India assumed the G20 presidency. During its G20 presidency, the Indian government has emphasised that it will act as the representative of the Global South.

In his televised opening remarks, Modi stated that the majority of the world’s problems, such as climate change and the Ukraine conflict, were not created by the Global South, yet developing nations were excluded from finding solutions.

People of the Global South should no longer be excluded from development’s benefits. We must collaborate to reimagine global political and financial governance. This can eliminate disparities, expand opportunities, foster expansion, and spread progress and prosperity,” he said.

To revitalise the world, Modi proposed a new global agenda based on “respond, recognise, respect, and reform.”

Prime Minister Narendra Modi
Prime Minister Narendra Modi

“Respond to the proud needs of the Global South by crafting an inclusive and balanced international agenda, acknowledge that the principle of common but differentiated responsibilities applies to all global challenges, respect the sovereignty of all nations, the rule of law, and the peaceful resolution of differences and disputes, and reform international institutions, including the United Nations, to make them more relevant,” he said.

“The majority of global issues were not created by the Global South, but they affect us more. This has been demonstrated by the effects of the Covid pandemic, climate change, terrorism, and the Ukraine conflict. Neither our role nor our voice is considered in the search for solutions,” he added.

In contrast, he stated that India will work to highlight the concerns and priorities of developing nations. “As India assumes the G20 presidency this year, it is only natural that we seek to amplify the Global South’s voice. “We have chosen the theme ‘One Earth, One Family, One Future’ for our G20 presidency,” he said.

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He added that the world is in a “state of crisis” after turning the page on “another difficult year” marked by war, conflict, terrorism, geo-political tensions, rising food, fertiliser, and fuel prices, climate change-driven natural disasters, and the lingering economic effects of the Covid-19 pandemic. “It is difficult to predict the duration of this state of instability,” he continued.

As three-quarters of humanity, the Global South has the “greatest stakes in the future” and should also have a “equal voice.” He added, “Therefore, as the eight-decade-old model of global governance changes gradually, we must attempt to shape the emerging order.”

Prime Minister Narendra Modi
Prime Minister Narendra Modi

The Global South has benefited from India’s development expertise, and the country’s development partnerships span all regions and diverse sectors. During the pandemic, we supplied medicines and vaccines to over 100 countries. He stated that India has always advocated for a greater role for developing nations in determining our shared future.

“Despite the challenges facing the developing world, I remain optimistic that our time will comeā€¦

Simple, scalable, and sustainable solutions that can transform our societies and economies are urgently required. With this approach, we will overcome the most difficult challenges, including poverty, universal healthcare, and human capacity building.”

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He added, “During the previous century, we fought together against foreign rule. We can create a new world order that will ensure the welfare of our citizens in this century. Regarding India, your voice is India’s voice, and your priorities are India’s priorities.”

The leaders’ discussions at the inaugural session were conducted behind closed doors. The Summit for the Voice of the Global South will feature eight ministerial sessions on priority areas. The Indian side intends to incorporate the summit’s ideas and inputs into the G20 process. Modi will preside over a second session of state and government leaders at the conclusion of the summit on Friday.