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During the session, fears came first and vulnerabilities second, with deep skepticism and uncertainty about the ability of multilateral organizations to deliver on global challenges.After a long week of the annual debate on global issues, and after reviewing the world leaders' speeches, it became clear that the combination of democracy, multilateralism and reform was a common refrain in this year's session.Over the last decade, multilateral development banks such as the World Bank Group have implemented major organizational reforms to better address global challenges and manage global threats and risks. Similarly, the International Monetary Fund and the World Trade Organization have highlighted a reform process aimed at strengthening their systems by increasing the integration of emerging and developing economies, which today represent more than 35 percent of the world's economy and more than half of its global growth. While some speeches at the UNGA73 failed to address the benefits of multilateralism, reflecting instead on the inability of global partnerships to address global challenges, world leaders President Macron and Chancellor Angela Merkel purposefully defended intentional multilateralism, cooperation, human rights and a sustainable development agenda, reflecting on the EU's global modality of multilateralism and international cooperation that has proven effective .
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