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Indonesian President Calls for Change of US-Created World Order

23.04.2015 12:16

President of Indonesia Joko Widodo at the 2015 Asian-African Summit in Jakarta urged for the creation of new global economic order, which should not be based on the world's three main multilateral lending institutions. He said that global economic problems can't only be resolved through the World Bank, the International Monetary Fund (IMF) and the Asian Development Bank (ADB).

"The idea that the world's economic problems can be solved only through the World Bank, the IMF and the ADB is obsolete and must‎ be abandoned. There needs to be change. It's imperative that we build a new international economic order that is open to new emerging economic powers," Widodo said, calling for the reform of the world's economic architecture "to avoid the domination of certain groups of countries." 

Indonesian president supports the reform of the United Nations, turning it into a "world body that puts justice for all of us before anything else." The Jakarta gathering marks the 60th anniversary of the Bandung Conference, which contributed significantly to the Non-Aligned Movement.