G20 Grows at a Steady Pace in the Fourth Quarter of 2023

By Jaya Ramachandran PARIS | 14 March 2024 (IDN)—The G20’s Gross domestic product (GDP) grew by 0.7% quarter-on-quarter, slightly down from 0.8% in the previous quarter, according to OECD provisional estimates. G20 is an intergovernmental forum comprising 19 sovereign countries, the European Union (EU), and the African Union (AU). It works to address major issues […]

FAO Chief Pleads for Peace, Right to Food and Global Governance Reforms

By Jaya Ramachandran RIO DE JANEIRO | 23 February 2024 (IDN) — The Director-General of the Food and Agriculture Organization of the United Nations (FAO), Mr. QU Dongyu, has called for peace, recognition of the right to food, and reform of multilateral institutions as cardinal imperatives. Addressing the first session of the G20 Foreign Affairs […]

India Steers G20 Towards Supporting Global South’s SDG Push

By Kalinga Seneviratne SINGAPORE. 13 September 2023 (IDN) — In a rare demonstration of consensus, Russia and the US welcomed the New Delhi Declaration of the G20 summit on 10 September that did not condemn Russia for its invasion of Ukraine. Instead, they focused on the development challenges facing the global community. Russian Foreign Minister […]

G20 Also Needs to Act to Curb Short-Term Capital Flows and Fund Development

Viewpoint by Nagesh Kumar and Kevin Gallagher Nagesh Kumar, a former Chief Economist of UNESCAP, is Director of Institute for Studies in Industrial Development, a New Delhi based policy think-tank. He tweets @nageshkum. Kevin Gallagher is Professor and Director of the Global Development Policy Centre, Pardee School of Global Studies, Boston University, USA. He tweets […]

Four Anti-Corruption Takeaways from the 2019 G20 Summit

Viewpoint by M Emilia Berazategui The writer is Global Advocacy Coordinator at Transparency International. This article first appeared on Voices for Transparency – a collection of articles, stories, analyses and opinions from the anti-corruption movement curated by Transparency International. All views and statements represent those of the authors, and do not necessarily reflect those of […]

The G20 Need to Return to their Roots

By Inge Kaul

BERLIN (IDN-INPS) – When the finance ministers of the G7 countries (Canada, France, Germany, Italy, Japan, the United Kingdom and the United States) proposed the G20 in the late 1990s, a good sense of realism prevailed. They recognized that addressing issues of global finance required the political support from – and involvement of – emerging market economies.

This view proved prescient in seeking policy responses to the 2007–2008 global financial crisis. The leaders of the G20 met at their first summit in Washington D.C. in 2008 to agree on measures to resolve the crisis through dialogues among the “systemically relevant” countries.

G20 Leaves Three Billion People Out in the Cold

Analysis by Ravi Kanth Deverakonda

GENEVA | HAMBURG (IDN) – The G20 summit in Hamburg on July 7 and 8 delivered a grand declaration of compromises on “major global economic challenges” and “shaping an interconnected world”, but failed to address the grave economic and existential problems of more than three billion people in poor and developing countries, according to those who attended the meeting.

The 15-page declaration issued by the leaders of the 20 major industrialised and developing countries attempted hard to reverse the tide of opposition against globalisation, asserting that “globalisation and technological change have contributed significantly to driving economic growth and rising living standards across the globe.”

G20 Summit Unlikely to Change the World for the Better

By Samantha Sen

HAMBURG (IDN) – The moment said almost all at the G20 summit in Hamburg July 7-8. The heads of government were gathered in a hall, they were requested to turn around towards a presentation. All looked in the direction required – except for U.S. President Donald Trump. And so everyone was looking one way, the U.S. President another. He turned around after a nudge.

Which is where the ‘almost’ comes in. Momentary symbolism on offer like this has to stop somewhere. Trump was given that nudge by British Prime Minister Teresa May. It isn’t May trying to turn Trump towards a consensus with other leaders; she’s looking her own other way herself. And she refused to raise climate change with Trump in the course of a 50-minute bilateral meeting; she only raised it informally after that meeting had ended.

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