G-20 MEETS AT BRAZIL – INTENATIONAL
ORGANIZATION
NEWS: PM Modi in Brazil
to attend G20 Summit
WHAT’S IN THE NEWS?
Overview of the G20 Leaders’ Summit in Rio
de Janeiro
- Event
Details: The two-day G20 Leaders’ Summit is
held in Rio de Janeiro under Brazil's presidency, beginning on Monday.
- Main
Theme: Brazil's presidency focuses on "Building
a Just World and a Sustainable Planet," with specific aims to
address hunger, poverty, inequality, sustainable development, and global
governance reforms.
Geopolitical Tensions and Negotiations
- Ongoing
West Asia Conflict: Saudi Arabia, Turkey, and
Indonesia are advocating for explicit mention of the Israel-Palestine
conflict, pressing for a ceasefire.
- Uncertain
Joint Declaration: A G20 negotiator indicated
that discussions are complex, particularly regarding paragraphs on West
Asia and Ukraine, and whether a consensus will be reached remains
uncertain until the final moments.
- Protectionism
and Trade Issues: Key debate areas include
protectionism and market access, with China and the US standing on
opposing sides regarding trade policies.
Climate and Trade Discussions
- Impact
of US Politics: Although Donald Trump’s recent
electoral victory has not overshadowed discussions yet, it may potentially
influence future talks on climate change.
- Trade
Negotiations: Countries are divided over various
trade issues, with a focus on ensuring equitable market access and
addressing protectionist policies.
Brazil's Focus and Initiatives
- Global
Alliance Against Hunger and Poverty: Brazil is
spearheading the creation of this alliance, which will officially launch
during the summit. The initiative aims to mobilize technical and financial
resources to combat hunger and poverty through effective public policies.
- Sustainable
Development Goals: Brazil’s presidency underlines
sustainable development, aligning with global objectives of poverty
alleviation and environmental sustainability.
India's Role and Expectations
- India's
Participation: Prime Minister Narendra Modi is
attending the summit as part of the G20 Troika, emphasizing the
continuation of initiatives launched during India's presidency. He
highlighted the focus on the shared vision of "One Earth, One Family,
One Future."
- Support
for Brazil: India and South Africa, as part of
the Troika, are supporting Brazil to maintain continuity in policies and
priorities, especially those initiated under India’s leadership.
Key Agendas and Continuity of Indian
Initiatives
- Digital
Public Infrastructure (DPI) and MDB Reforms:
India is particularly interested in ensuring that critical decisions on
DPI and MDB reforms, made during its presidency, are carried forward.
- Progress
on MDB Reforms: There is anticipation for further
advancements on MDB reform and the broader international financial
architecture, following the groundwork laid during India's tenure.
Composition and Influence of the G20
- G20
Member Composition: The group consists of 19
countries spanning five continents, along with the European Union and the
African Union. The African Union's membership was granted during India’s
presidency.
- Global
Economic Influence: Collectively, the G20 members
account for about 85% of global GDP, 75% of global trade, and two-thirds
of the world’s population, underscoring its significant influence on
global economic and political matters.
Future Outlook and Potential Outcomes
- Unclear
Outcome of Joint Declaration: The summit's final
outcome remains uncertain, particularly around the consensus on
geopolitical conflicts and economic reforms.
- Focus
on Continuity and Reform: The emphasis will
be on ensuring continuity in policies, especially those related to
development, trade, and infrastructure, while navigating complex
geopolitical landscapes.