G-20 Agrees to Push for Reform of Global Governance Institutions

Group of 20 nations agreed to push for overhauls of the United Nations, the World Trade Organization and multilateral lenders in a breakthrough following one-and-a-half months of negotiations.

A call for reforms will be launched on Wednesday during a meeting of G-20 foreign ministers proposed by Brazil on the sidelines of UN General Assembly, according to a draft communique seen by Bloomberg News.