ISLAMABAD:Caretaker Foreign Minister Jalil Abbas Jilani has proposed the adoption of an action plan by the Group of 77 and China for reforms of the international financial architecture with an aim to support the developing countries.

He made this proposal while addressing an interactive dialogue on “A path for the reform of the international financial architecture” at the 47th Annual Meeting of Foreign Ministers of Group of 77 and China held in New York, according to a Radio Pakistan’s report.

The Foreign Minister suggested the creation of mechanisms within the UN to monitor and implement these reforms. He stated that over the past three years, the economies of the developing countries had been devastated by the impacts of the Covid-19 pandemic; climate-induced disasters and proliferating conflicts.