As the countries worldover try to gain senses out of the shambles of the pandemic, there is a need to interrogate the enduring questions posed by the broader context of the system of global governance and international institutions. From this plenary session, we intend to understand the challenges and the need to recalibrate the global rules towards the overarching goals of social and economic stability and further take the discussion towards common but differentiated responsibilities in a multilateral system towards advancing global public goods and protecting the global commons. This plenary session will be geared towards rethinking international institutions and the challenges that the business-as-usual approach presents for the Global South, given the historical legacy of power inequalities among nations.