the time has come to reform the UN Security Council
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UN Secretary General António Guterres spoke at the Group of Seven summit held in Hiroshima. He stated that he considers it necessary to reform the UN Security Council and the Bretton Woods system, since they no longer correspond to modern realities.
Guterres reminded that these institutions corresponded to the world order at the time of their formation in 1945. Since then, in his opinion, they have become obsolete and ineffective.
“The global financial architecture is outdated, dysfunctional and unfair,” said the head of the UN. “Faced with economic crises due to the Covid-19 pandemic and Russia’s invasion of Ukraine, it failed to fulfill its main function and act as a safety net for the world.”
Guterres has already criticized the structure of the organization he heads. “I will be very clear: the Security Council was not able to do everything in its power to prevent and end this war. And this causes great disappointment and anger,” he said during a visit to Kyiv in April 2022.
- The UN Security Council was founded in 1945. According to the UN Charter, decisions in it are made on the basis of the consent of all member countries. They include five permanent members – the United States, Great Britain, France, Russia and China – and 10 non-permanent members. Recently, Russia has repeatedly used the right of veto, blocking unfavorable proposals of the international community.
- In December 2022, Ukraine called on Russia to retain its status as a permanent member of the Security Council and expel it from the UN. However, according to the current UN charter, this cannot be done without the consent of Russia itself.
- The Bretton Woods system is an international system for the organization of monetary relations and trade settlements, adopted in 1944. She founded such organizations as the International Bank for Reconstruction and Development (IBRD) and the International Monetary Fund (IMF), which are designed to ensure the financial security of the countries of the world and monetary cooperation.
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