Guterres says global governance outdated as "emerging economies (share) in the global GDP increases"

At a United Nations news conference, Secretary-General António Guterres said the distribution of global economic strength has shifted away from wealthier nations toward emerging economies, making postwar governance arrangements outdated. He called for changes in who holds influence in international bodies, naming the Security Council and the Bretton Woods institutions—the International Monetary Fund and World Bank—as key targets. Guterres cited IMF figures showing China’s economy second only to the United States and India poised to pass Britain for fifth place, yet China holds 6.08% of IMF voting power and India 2.63%. He added that today’s power arrangements prevent international bodies from responding effectively, making reform a pressing issue for global governance.