Global Risks Forum 2025

Advancing Global Governance Reform: Harnessing Synergies of SOTF and G20 for a Resilient Future

Summary

This event will explore synergies between SOTF and G20 to advance UN and IFIs reform, building trust through multi stakeholder partnerships in an era of complexity and uncertainty.

Description

In this age of polycrisis, global governance reform can no longer be treated as optional or as a long-term goal. It is both urgent and essential. The Pact for the Future provides a historic opportunity to reshape our international system to better address global challenges such as inequalities and climate change. Seizing this opportunity will require political momentum and leadership from global-majority countries, which remain underrepresented. Under Brazil’s presidency this year and South Africa’s next, the Group of 20 (G20) is uniquely positioned to champion a more inclusive and effective multilateralism. The inaugural G20 ministerial at the United Nations (UN) represents a significant step forward, with a Call to Action on global governance reform that will be open to all UN Member States for signature.

However, progress will depend on creating and leveraging further such opportunities. This event will identify moments and strategies to harness synergies across multilateral spaces – including the UN, international financial institutions (IFIs), and regional organizations – taking Chapter Five of the Pact for the Future as its starting point. It will also serve as a platform for launching new initiatives and investments towards a global governance system that is resilient, inclusive, and equipped to meet the needs of future generations.

Side Event organized by: Igarapé Institute; Forus; Abong; Brazil; South Africa; European Union; T20 Task Force on Strengthening multilateralism and global governance (TF6); UNF (TBC).

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To generate additional opportunities for the engagement of all actors, the Secretary-General of the United Nations is convening the Summit of the Future Action Days on 20 and 21 September 2024 at United Nations Headquarters in New York.

Bringing together representatives from Member States, civil society, private sector, academia, local and regional authorities, youth, and many more, the Action Days will provide an opportunity for broad engagement and inclusion. These stakeholders have all played a key role in shaping the Pact for the Future and will be critical to its implementation.

Side events provide further insights and opportunities for multi-stakeholder collaboration.

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