G-20 Agrees to Push for Reform of Global Governance Institutions
- Call for reforms will be made in meeting on sidelines of UNGA
- G-20 chair Brazil has prioritized overhaul of institutions
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Group of 20 nations agreed to push for overhauls of the United Nations, the World Trade Organization and multilateral lenders in a breakthrough following one-and-a-half months of negotiations.
A call for reforms will be launched on Wednesday during a meeting of G-20 foreign ministers proposed by Brazil on the sidelines of UN General Assembly, according to a draft communique seen by Bloomberg News.