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| PM urges world institution reform |
| Gordon Brown has called for reform of international institutions, including the United Nations and the World Bank, on the final day of his triptoIndia
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| INDIA
, 21-January-2008
3:1:16 AM |
| In a keynote speech in New Delhi, the prime minister said it was time to build a "new global society".
Mr Brown also called for the expansion of the UN Security Council and the establishment of a World Bank fund to combat global warming.
Later, he laid a wreath at a memorial to the Indian leader Mahatma Gandhi.
Rise of Asia
Mr Brown told business leaders in the Indian capital that to succeed, post-war international institutions "must be radically reformed to fit our world of globalisation".
"We can and must do more to make our global institutions more representative and I support India's bid for a permanent place, with others, on an expanded UN Security Council."
The UK also believes Brazil, Japan, Germany and an African country should become members
Mr Brown went on to say that he supported changes to the International Monetary Fund (IMF), the World Bank and the G8 to "reflect the rise of India and Asia".
The World Bank needed to strengthen its focus on poverty reduction, while also becoming "a bank for the environment", involving a multi-billion pound global climate change fund to finance low-carbon investment, he said.
Mr Brown argued that the IMF should focus on surveillance of the global economic and financial system to prevent crises, such as that affecting Northern Rock in the UK.
"The IMF should be at the heart of an early-warning system for financial turbulence effecting the global economy," he said.
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