Amidst initial doubts about whether the G20 Leaders' Summit in Delhi, hosted by India, would produce a joint statement due to differences on several issues, the summit has indeed adopted the New Delhi G20 Leaders' Summit Declaration. Prime Minister Narendra Modi shared the positive news of consensus being reached on the Delhi declaration.
The preamble of the G20 New Delhi Leaders' Declaration emphasizes unity, stating, "We are One Earth, One Family, and We share One Future". The central themes of the declaration revolve around climate, energy, conflicts, and health.
Check out a few significant points in the declaration:
- G20 leaders commit to promoting sustainable, balanced, and inclusive growth, implementing the 2030 Agenda for Sustainable Development, reducing greenhouse gas emissions, and supporting the Paris Agreement. They also aim to address debt vulnerabilities in developing nations and increase financing for Sustainable Development Goals (SDGs).
- The declaration addresses reforms in Multilateral Development Banks, enhancing digital access, promoting quality employment, closing gender gaps, and involving developing countries in decision-making.
- The G20 expresses concern about global conflicts, including the Ukraine war, urging all states to adhere to UN Charter principles.
- A clear warning is issued against the use of force for territorial gains and nuclear weapons. Notably, Russian President Putin is absent from the summit.
- The declaration pledges to protect vulnerable populations through equitable growth and macroeconomic stability, aiming to resolve cost-of-living issues. Collaboration with the private sector for sustainable growth is also emphasized.
- The G20 reaffirms support for a rules-based multilateral trading system, centered on the WTO.
- Leaders commit to addressing skill gaps, promoting decent work, and ensuring social protection policies. They also focus on financial inclusion and anti-corruption efforts.
- Progress toward SDGs is deemed slow, with only 12% completed by 2030. The G20 aims to accelerate progress.
- Measures are proposed to eliminate hunger and malnutrition and mitigate the macroeconomic impacts of food and energy insecurity.
- The G20 pledges to strengthen global health systems, with the World Health Organization (WHO) at the core, for universal health coverage, pandemic preparedness, and infectious disease surveillance.
- Finance-Health Collaboration is highlighted for pandemic prevention and response.
- Green development is central to the declaration, addressing climate change, sustainable energy, circular economies, and more.
- The G20 focuses on climate finance, ecosystem conservation, ocean-based economies, plastic pollution reduction, resilient infrastructure, and disaster risk reduction.
- Reinvigorating multilateralism is stressed, with discussions on reforming international financial institutions and managing global debt vulnerabilities.
- The declaration addresses technological transformation, digital infrastructure, safety, security, and regulation in the digital economy, including cryptocurrencies, central bank digital currency, and artificial intelligence.
- Topics like international taxation, gender equality, financial sector issues, terrorism, and money laundering are covered to promote inclusivity.
- The declaration extends gratitude to India for hosting the summit, welcoming delegates warmly, and contributing to G20 strengthening. It recognizes India's lunar landing achievement.
In conclusion, the declaration reaffirms the commitment to address global challenges and build a safer, more resilient, and inclusive future for all.
To read the full text of the New Delhi Declaration please visit: G20 New Delhi Leaders’ Declaration
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