The United Nations General Assembly today is holding a thematic debate with the Group of 20 major economies, or G20, to strengthen interaction between the two bodies and to improve global economic governance.
“Since the outbreak of the world economic, financial and debt crisis, the ongoing discussions about how to improve global economic governance have grown in significance, drawing increased public attention across the planet,” General Assembly President Vuk Jeremic said in his opening address to the thematic debate, ‘UN and Global Economic Governance.’
Mr. Jeremic noted that the UN General Assembly is the only global forum with universal membership and the only one to give equal voice to all members.
“The General Assembly should become a venue for enhanced interaction between international financial and trade institutions, the G20 and non-G20 Member States, by providing a platform to reflect on common concerns, as well as exchange views and share information,” he stressed.
In his speech, Mr. Jeremic outlined some ways to better formalize ad hoc practices to boost relations between the General Assembly and the G20, whose presidency is held this year by the Russian Federation.
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