Today regional alliances and institutes are more important compared to previous years because UN institutions can't perform their function, Wolfgang Ischinger, the President of the Munich Security Conference Foundation Council, said at the panel discussion at the 11th Global Baku Forum, APA reports.
'There are deficiencies in Global governance, regional alliances now perform the functions of global institutions," he said.
He added that countries should not be left behind, in the most important issues, because then this would have serious consequences.