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The narrow representation at the leadership levels of the United Nations is a challenge to its credibility and effectiveness, External Affairs Minister S. Jaishankar said on December 14, making a strong pitch for reformed multilateralism.

Speaking at the Global Technology Summit, Mr. Jaishankar said for obvious reasons the U.N. is equated with multilateralism and the world body is now 75-years-old with the number of members it has about four times to what it was when the world body began.

“So if any entity, any product is 75-years-old and has changed four times over, you would not deny that it is essentially anachronistic. Now, the problem we have today about the narrow representation at the leadership levels of the U.N., I think in many ways is a challenge to its credibility and to its effectiveness,” he said.

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• Many countries went into months of lockdown in 2020 in a bid to stem the spread of Covid-19, which reduced cross-border travel and accelerated job losses.
• Governments increased spending to cushion the economic damage, but are now left with a huge debt pile to reckon with in the coming years.
• Meanwhile, central banks around the world slashed interest rates and purchased more assets to inject more money into the financial system.

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