India, Brazil, South Africa, and USA reaffirm commitment to G-20 as primary platform for int’l economic cooperation

Leaders from India, Brazil, South Africa, and the United States have reaffirmed their strong dedication to the G-20 as the primary platform for international economic cooperation. They made this commitment during a meeting held on the sidelines of the G-20 summit in New Delhi.

India is currently presiding over the G-20 until November 30, with Brazil set to assume the presidency in 2024 and South Africa following suit in 2025. This continuity of leadership demonstrates their shared commitment to advancing global economic cooperation and addressing pressing global issues.

JOINT STATEMENT EMPHASIZES COLLECTIVE COMMITMENT TO G-20 AS MAIN FORUM TO CHALLENGE SOLUTIONS

The joint statement emphasized their collective commitment to the G-20 as the foremost forum for addressing global challenges and delivering solutions for the betterment of the world. India is the current G-20 Presidency holder, and the statement highlights their intention to build upon the significant progress made during India’s term.

“NEED FOR DEVELOPMENT BANKS TO BE MORE EFFECTIIVE“

The leaders also expressed their support for the G-20’s pledge to enhance multilateral development banks, emphasizing the need for these institutions to become more effective and impactful. They believe that through collaborative efforts within the G-20 framework, they can provide valuable support to their respective populations, working towards a brighter future.