Finance Minister Nirmala Sitharaman Expresses Concerns About Global Multilateral Institutions

In a scathing critique of global multilateral institutions, Finance Minister Nirmala Sitharaman said that they've become less effective than a participation trophy. She called for a rethink of their role in the world, saying that they are no longer able to meet the challenges of the 21st century. The comments come as the world grapples with a number of crises, including the COVID-19 pandemic, the war in Ukraine, and the climate crisis.