G20 summit in India: Leaders wrap up discussions

The G20 summit in Delhi has come to an end, marking a remarkable development in global diplomacy. The joint statement issued by G20 leaders refrained from direct condemnation of Russia’s actions in Ukraine, a divisive issue that had overshadowed the summit.

Russian Foreign Minister Sergei Lavrov expressed satisfaction with the statement, acknowledging that the consensus on the wording was “a step in the right direction.” While the statement denounced the use of force for territorial gains, it notably omitted direct reference to Russian aggression, prompting criticism from Ukraine.

In a significant move, the African Union (AU) was formally incorporated as a new permanent member of the G20. This decision, taken at the invitation of host India, aims to make the G20 more inclusive, with greater participation from the so-called countries of the Global South.

The summit also achieved progress on several global issues, including climate change and biofuels. Although there was criticism of the absence of a commitment to phase out fossil fuels, leaders agreed to triple global renewable energy capacity by 2030. In addition, India launched a global alliance of biofuels with the United States and Brazil, with the aim of accelerating efforts to achieve the network. zero emissions targets.

The economic balance and power dynamics within the G20 are changing, with the emerging giants in Asia playing a bigger role. Notable deals were made at the summit, including a multinational railway and port deal connecting the Middle East and South Asia, seen as a counter to China’s Belt and Road Initiative.

Indian Prime Minister Narendra Modi, who chaired the summit, emphasized inclusion and global cooperation. The summit concluded with the presidency of Brazilian President Luiz Inacio Lula da Silva.

Despite some controversies and disruptions due to monsoon rains, the G20 summit in Delhi showcased India’s efforts to foster global unity and address pressing global challenges. External Affairs Minister S. Jaishankar highlighted the inclusive nature of the event, while Finance Minister Nirmala Sitharaman emphasized India’s success in prioritizing the core concerns of the development on the global stage.

This article is sourced from and written by AI.

Track and stay informed about AI-generated news: