april 2024 – first and second reading of chapter 5 on transforming global governance of the zero draft of the pact for the future
Lead author: Jebilson Raja Joslin
Following informal consultations in December 2023 and First and Second Readings through February and March 2024, the co-facilitators of the Summit of the Future (SOTF) released a 46-page compilation text for Chapter 5 on Transforming Global Governance. This chapter deals with a range of issues from the reform of the Security Council to increasing the regular resources for the Office of UN High Commissioner for Human Rights, the reform of the International Financial Institutions (IFIs) and Peaceful Uses of Outer Space.
Member States have expressed their expectations for transformation of the global governance institutions in this Chapter. The reform of IFIs and global economic governance mechanisms took a large portion of the compilation text, where the G-77 proposed language for a greater and proportionate representation in decision-making bodies and made several proposals for financing of the SDGs, many of which were not fully supported by Western countries. Get yourself updated on the headlines and details of the negotiations on Chapter 5 in the following ICH bulletin.
related resources
Zero draft of the Pact for the Future
Compilation text (as of 3 April 2024)
IGN draft input on Security Council (as of 1 May 2024)