Labour’s Shadow Chancellor John McDonnell MP has called for radical reform of global institutions, so that they can respond effectively to climate change, inequality and the displacement of people.
Mr McDonnell was speaking ahead of the Labour Party hosting the International Social Forum on 13 and 14 July, a conference of progressive political leaders, campaigners and economists to discuss far reaching institutional reforms.
Mr McDonnell and Labour leader Jeremy Corbyn will speak at the event this weekend, taking place at SOAS, University of London.
John McDonnell MP said: “The world is facing a range of challenges that require transnational action and global solutions.
“The existing global institutions are proving to be incapable of responding effectively to the existential threat of climate change, the increasingly unaccountable power of multinationals, and the large-scale displacement of people.
“Labour has convened an international social forum bringing together politicians, economists and social movement leaders from across the world to launch a new dialogue on the reform of the international institutional architecture needed to tackle the global challenges of the twenty first century.”
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