BAKU, Azerbaijan, March 11. A new approach to
multilateral cooperation needs to be developed, former World Bank
Vice President Ismail Serageldin said, Trend reports.
He made the remark at the 13th Global Baku Forum, which will
take place from March 12 through 14.
"The world is experiencing not just a period of transition, but
a profound rupture, where the previous order based on multilateral
interaction has suffered a very serious, if not fatal, blow. It is
clear that we have entered a new era, where it is no longer only
about returning to institutions created for the twentieth century.
We actually need to develop a new approach to multilateral
cooperation to address the challenges of the twenty-first century,
whether political, military, environmental, humanitarian,
development-related, or other issues," Serageldin said.
He stressed that addressing these challenges requires a
commitment to fundamental values: human rights, equality,
eradication of poverty and hunger, environmental protection, mutual
accountability, human solidarity, biodiversity preservation, and
other critical issues ranging from water resources to food
security.
"Beyond all this, we need to rethink the institutions themselves
so that they can manage present crises while laying the foundation
for future strategies. I believe this Global Forum is taking place
at precisely the moment when the experience and wisdom of its
participants are needed more than ever," he added.
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