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PM urges world institution reform | PM urges world institution reform |
(about 2 hours later) | |
Gordon Brown has called for reform of international institutions, including the United Nations and the World Bank, on the final day of his trip to India. | |
In a keynote speech in New Delhi, the prime minister said it was time to build a "new global society". | |
He is also called for the expansion of the UN Security Council and the establishment of a World Bank fund to combat global warming. | |
Mr Brown is touring China and India to promote trade relations with Britain. | Mr Brown is touring China and India to promote trade relations with Britain. |
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. | |
The IMF should be at the heart of an early-warning system for financial turbulence effecting the global economy Prime Minister Gordon Brown | |
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. | |
Aid package | Aid package |
Mr Brown also called for greater international cooperation in the battle against terrorism to "ensure that there is no hiding place for terrorists". | |
It was also important to establish a rapid reaction force which would bring together police, judges, lawyers and other civilian experts, who could co-ordinate peacekeeping and recovery in countries blighted by conflict. | |
"Because we have seen the conflicts that can be resolved, the climate change impacts that can be tackled, the financial turbulence that can be addressed, this is an urgent task," he added. | |
Earlier on his trip to India, Mr Brown announced a new package of development aid for the country, worth £825m over the next three years. | |
Earlier, on his first visit to China as prime minister, he and Chinese premier Wen Jiabao agreed to boost trade between the two countries by 50% by 2010. | Earlier, on his first visit to China as prime minister, he and Chinese premier Wen Jiabao agreed to boost trade between the two countries by 50% by 2010. |
Mr Brown also offered China £50m to help the country tackle climate change. | Mr Brown also offered China £50m to help the country tackle climate change. |
Mr Brown will hold talks with Indian premier Manmohan Singh before a news conference later. |