Thursday, February 22, 2024

India passes G20 gavel to Brazil

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PNS|New Delhi

Prime Minister Narendra Modi on Sunday handed over the customary gavel of the G20 chair to Brazilian President Luiz Inacio Lula da Silva and proposed a virtual summit by November to take stock of initiatives taken during the Indian Presidency.

Brazil will formally assume the G20 Presidency on December 1 this year.

Prime Minister Modi extended full support to Brazil and expressed confidence that its presidency will take forward the shared goals of the G20 bloc.

“India passes the gavel to Brazil. We have unwavering faith that they will lead with dedication, vision and will further global unity as well as prosperity,” Modi said.
Modi proposed a virtual G20 Summit by November end to take stock of the suggestions and decisions made at the leaders’ summit that concluded here on Sunday.

“In the last two days, you have put forward your views, given suggestions and a number of proposals have been put forward.

It is our responsibility that the suggestions that have come forth are closely looked upon as to how they can be speeded up,” Modi said.

“It is my proposal that we hold another session of the G20 virtually in November- end.

‘Geopolitical issues should not hijack G20 discussions’

New Delhi:Geopolitical issues should not hijack the discussions at G20, Brazilian President Luiz Inacio Lula da Silva said on Sunday after assuming the presidency of the bloc of emerging and developed economies.

Addressing the closing ceremony of the G20 Summit here, Lula said the bloc was not interested in a “divided G20” and the challenges of the day could be faced only through joint action. “We need peace and cooperation instead of conflict,” he said soon after Prime Minister Narendra Modi handed over the G20 presidency to him. The next summit will be held in Rio de Janeiro in November 2024.

“The path that will take us from New Delhi to Rio de Janeiro will require lot of dedication and commitment from everyone,” Lula said.

He said the Brazilian presidency will hold G20 meetings in cities in each of the five regions of the South American country.

The G20 bloc was divided on the war in Ukraine and a consensus on the New Delhi Declaration could be reached only after diluting the references to the conflict. The G20 declaration stopped short of criticising Russia and only denounced the use of force for territorial gain.

Outlining his priorities for the Brazilian presidency, Lula said it would be his endeavour to make the political and financial tracks work in a coordinated and integrated manner.

“There is no point in agreeing on the best public policy if there are no resources allocated for its implementation,” he said.

Lula said he would also ensure that the civil society engagement groups get an opportunity to report recommendations and conclusions to the government directly.

He congratulated Modi and thanked India for its efforts to give voice to the topics of interest to emerging economies.

Lula also listed social inclusion, the fight against hunger, energy transition and sustainable development as G20 priorities.

He said the UN Security Council needs new developing countries as permanent, non-permanent members to regain political strength.

“We want greater representation for emerging countries at the World Bank and the IMF,” the Brazilian president said.

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