New Delhi, July 7 -- Prime Minister Narendra Modi on Monday called for urgent reforms to global "governance institutions", underlining the need to give developing countries a stronger voice in international decision-making.

Speaking at the 17th Brics summit in Rio de Janeiro, Modi said institutions such as the UN Security Council, International Monetary Fund (IMF), World Bank, and World Trade Organization (WTO) must be overhauled to reflect 21st-century realities.

"Highlighting that the global organizations of the 20th century lacked the capacity to deal with the challenges of the 21st century, he (Modi) underscored the need for reforming them," the Prime Minister's Office (PMO) said in a statement.

Calling for a multipolar and inclusi...