Justin Trudeau tells CNBC that international organizations may no longer be fit for purpose

justin trudeau said international financial institutions like the wto and imf are "spectacularly ill-adjusted" for modern problems and may no longer be fit for purpose. he made the comments at cnbc's converge live in singapore on thursday. he called out the u.s., china, russia, and india as "great powers" that opt in or out of the rules-based order as they please. trudeau questioned what other countries do without them, and reiterated a call for "microlateralism," where small groups of countries unite on shared interests. his comments come as canada recalibrates relationships amid geopolitical shifts. prime minister mark carney has declared a "rupture" in the american-led order and urged middle powers to band together, stating at davos in january, "if you're not at the table, you're on the menu." on the u.s.-israeli war with iran, trudeau said the involved parties want a path through but aren't there yet, predicting instability will "last a while yet."