New Delhi:
The G20 meet has adopted the “New Delhi declaration,” seen as a huge win for the country. Reaching a consensus for international groupings has been difficult of late owing the war in Ukraine and divisions over tackling climate change.
Here are the Top 10 points in this big story:
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G20 will work to accelerate “strong, sustainable, balanced and inclusive growth” and work towards implementing the 2030 agenda for sustainable development, the grouping said.
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“We will ensure that no one is left behind. We commend the efforts of the Indian Presidency to accelerate the implementation of the 2030 agenda,” read the resolution, adopted this afternoon.
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G20 reaffirmed a rules-based, non-discriminatory, fair, open, inclusive, equitable, sustainable and transparent multilateral trading system. “We will support policies that enable trade and investment to serve as an engine of growth and prosperity for all,” the resolution read.
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G20 will work with private sector to create inclusive, sustainable, and resilient global value chains, and support developing countries to move up the value chain. It will address debt vulnerabilities in developing countries and enforce its “no one left behind” policy.
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G20 resolved to accelerate actions to address environmental crises and challenges including climate change. “We recognize that the impacts of climate change are being experienced worldwide, particularly by the poorest and the most vulnerable,” the resolution read.
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G20 will help developing nations access low-cost financing for existing and emerging clean and sustainable energy technologies and supporting the energy transitions. A climate finance has been set up so developed countries meet the $100 billion goal for a Collective Quantified Goal beyond 2025.
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On the war in Ukraine, the participants reiterated national positions and the contents of the UN Charter. Russia was not mentioned, but the grouping slammed the “use of force for territorial gain”.
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G20 committed to enhancing global food security and nutrition for all in line with the Deccan High-Level Principles on Food Security and Nutrition. As part of achieving this, “We encourage efforts to strengthen research cooperation on climate-resilient and nutritious grains such as millets, quinoa, sorghum, and other traditional crops including rice, wheat and maize,” the document read.
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The G20 nations also resolved to remain committed to strengthening global health architecture for pandemic prevention, preparedness and response through enhanced collaboration between Finance and Health Ministries..
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G20 will promote equal and effective participation of women, especially in the economy as decision-makers.
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