Guterres: Old global order must change as power shifts to emerging economies

UN Secretary-General António Guterres addressed leaders of major emerging economies in New Delhi, emphasizing that global institutions must adapt to reflect today’s economic, demographic, and geopolitical realities. He highlighted the need for reform in bodies like the UN Security Council and the Bretton Woods system to ensure they align with the world as it exists now. Guterres noted that the countries represented at the summit embody this shift toward a multipolar world, which he described as an opportunity for greater balance and equity in global systems.

Guterres outlined four priorities for inclusive global growth: financing, technology, climate justice, and peace. He stressed that developing countries require substantial international support to meet Sustainable Development Goals, calling for multilateral development banks to expand their roles. On artificial intelligence, he warned that its benefits are concentrated in a few countries and companies, risking a widening divide in income, opportunity, and security if left unchecked.

The Secretary-General delivered strong remarks on climate change, describing recent extreme weather events as a warning of what lies ahead. He urged wealthy nations to fulfill existing financial commitments, including $300 billion annually for adaptation and increased funding for loss and damage. Guterres criticized the exploitation of critical minerals, stating, 'Enough plundering,' and called for urgent action to address the climate crisis.

Guterres concluded by framing institutional reform as a shared responsibility rather than a concession. He emphasized the need for all countries to strengthen the multilateral system, with the United Nations at its core, as the world moves toward a multipolar reality. He also called for adherence to the UN Charter, including sovereign equality and peaceful dispute resolution, citing conflicts in Gaza, Ukraine, and Sudan as urgent concerns.