G20 leaders have adopted a joint declaration after days of intense talks, despite fears of disagreement over its wording. war in ukraine Could jeopardize the discussions.
Indian officials are calling this agreement a major diplomatic victory.
India’s G20 Sherpa, Amitabh Kant, says there was a heated debate for several days about the paragraphs on the war in Ukraine.
Kant credited Prime Minister Narendra Modi for breaking the deadlock and now it is being considered a sign of India’s growing dominance on the international stage.
Russia and China have objected to the language proposed by Western countries regarding the situation in Ukraine.
The final declaration, issued a day before the end of the summit, discussed the global economic and food security implications of the war, also called on states to refrain from the use of force in territorial disputes, but explicitly criticized Russia’s actions in Ukraine. Not condemned. This unanimity is perhaps one of the reasons why all 83 articles of this document were accepted by all members.
The G20 has not issued any joint declaration since India became the President. However, they have found common ground on economic challenges.
As host, India emphasized developing world issues, leading to a G20 statement focused on fair financing for these countries and global financial institution reforms.
An important development is the proposal to increase the World Bank’s credit limit. It awaits approval from various stakeholders, and if successful, it will be an important step forward for the G7 countries. India sees it as a way to counter China’s economic influence in poorer countries, with the US leading the way.
G20 countries committed to doing more to tackle climate change, acknowledging that developing countries need about $6 trillion to achieve their green energy targets.
India’s G20 leadership was evident in the joint declaration, which emphasized economic rather than geopolitical matters, with many seeing it as a successful year.