We have to keep on emphasizing for reformed multilaterism in international financial and business institutions : Modi

The synergy between BRICS countries can lead, to some extent, to the resolution of the side effects of unilateral decisions. We have to keep on emphasizing for reformed multilaterism in international financial and business institutions and organizations for the necessary reforms.For sustained economic growth the required resources such as oil and gas are needed to be constantly available at low prices.Physical and social infrastructure and renewable energy programs of the member countries should get more priority by the New Development Bank. India’s initiative for Coalition for Disaster Resilient Infrastructure will help in the development of appropriate infrastructure to face natural calamities by the least developed and developing countries. I exhort all of you to join this coalition.Movement of skilled workers around the world should be easy. This will also benefit the countries where a large part of the population has crossed the working age.I have recently called for a Global Conference on Terrorism. Lack of necessary consent to fight against terrorism cannot keep us deedless. I appreciate Brazil to give a place in the main priorities to the fight against terrorism.
As the world’s leading economies, exchange of views between us, on the economic, political and security situation of the world is important. Our trilateral meeting today is a useful medium for discussing and coordinating on major global issues. We had exchange of views on many issues in the meeting of our Foreign Ministers in China in February this year. It included promotion of counter-terrorism, international hot-spot issues, reformed multilateralism, climate change and cooperation under RIC.

PM’s remarks at BRICS Leaders’ Meeting on the margins of G20 Summit

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