Madeleine Albright, Secretary of State and United States Ambassador to the United Nations during Bill Clinton’s administration, highlighted the importance of engaging private sector stakeholders in the international debate and asserted that the Think 20 (T20) offers a clear path to pursue in this regard.

In an interview with the newspaper El Cronista, the diplomat said: ‘I think a lot about public-private cooperation. The private sector exists all around the world and must learn to be better able to understand the needs of the country in which it is investing. But at the same time it needs to be seen as a stakeholder in the international system so that it can have a saying before things happen. It participates in some meetings, but it does not take part in the decision-making process.’

‘I find it interesting that the G20 has a B20 (business summit) and a T20 (network of think tanks)’ she added to underscore the relevance of groups like the Think 20 in the pursue of an improved global governance.

Furthermore, Albright also reaffirmed the need of strengthening multilateralism as a problem-solving approach and pointed out that ‘the G20 has vast potential for creating a new set of global rules, but these have to be accepted by all countries – consensus must be reached.’

Madeleine Albright visited Buenos Aires to give a speech at the Atlantic Council.

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