Manmohan Singh said, "The Security Council has not changed at all and its present structure poses serious problems of legitimacy. The system of two-tiered membership, which gives a veto to the five permanent members ie the nations that emerged victorious after the Second World War, is clearly anachronistic."
He also said, "The problems faced by the institutions of governance charged with handling the financial system are also relevant for other international institutions dealing with political and security issues, trade, climate change, etc. They need to update structures and upgrade work methods; reform decision-making and ensure effective delivery."
He also added that the world has decided to start yet another mechanism, the G-20, which he complimented for achieving, "a great deal more than normal meetings of this type, especially in two respects".