US President Joe Biden will discuss various global issues, including the social effects of the Russia-Ukraine war and climate change, at the G20 Summit, reaffirming the US commitment to the forum as the premier platform for economic cooperation, according to White House press secretary Karine Jean Pierre.
US Secretary of the Treasury Janet L Yellen will attend the G20 Leaders' Summit in New Delhi to focus on strengthening the global economy, supporting low and middle-income countries, and addressing global challenges such as climate change and pandemics.
The G20 Summit in Delhi will be attended by more than 40 world leaders, including President Joe Biden and UK Prime Minister Rishi Sunak, while Chinese President Xi Jinping and Russian President Vladimir Putin will not be present.
India is hosting the G20 summit as Prime Minister Narendra Modi seeks to establish himself as a global leader, but activist Arundhati Roy criticizes the event as a vanity event for Modi and raises concerns about the treatment of minorities in India.
President Biden aims to use the G20 summit as an opportunity to strengthen the U.S.'s position as the leader of the global system, boost funding for the World Bank, and counterbalance China's Belt and Road Initiative; meanwhile, a potential strike looms for General Motors and Ford, and the Federal Reserve plans to maintain interest rates while addressing inflation concerns.
The 18th G20 Summit, hosted by India, will focus on the theme of 'One Earth' and aims to accelerate climate action and achieve net-zero emissions, with over 30 heads of state and international organizations in attendance.
The Group of 20 (G20) is an international organization that aims to unite world leaders around shared economic, political, and health challenges, with its members representing more than 80 percent of the world's economic output. The annual G20 summit brings together finance ministers and heads of state to discuss and address key issues, often culminating in a joint statement of collective action.
UK Prime Minister Rishi Sunak believes that the G20 leaders can address the enormous challenges facing the world and provide leadership, as he attends the summit in Delhi alongside Prime Minister Narendra Modi, who emphasized India's inclusive approach to the G20 presidency and proposed granting the African Union permanent membership.
Prime Minister Narendra Modi urged world leaders at the G20 Summit to overcome the "trust deficit" caused by war and emphasized the importance of finding new solutions to global challenges during his opening address. Additionally, he announced that the African Union has been granted permanent membership in the G20.
The G20 reached a consensus and adopted the New Delhi Leaders Summit Declaration, which called for upholding international law, peaceful conflict resolution, and diplomacy.
China's Xi Jinping and Russia's Vladimir Putin will be absent from the G20 summit, highlighting changing dynamics as leaders focus on domestic issues and pursue alternative multinational organizations, while President Joe Biden sees the event as an opportunity to engage with allies and advocate for U.S. leadership.
The G20 summit is set to feature strongmen leaders with human rights concerns, such as Mohammed bin Salman and Recep Tayyip Erdoğan, reflecting a recognition that involving these countries is necessary for addressing issues like the Ukraine war and achieving consensus on global agreements.
G20 leaders have arrived in Delhi, India for the annual summit, where they will discuss global issues such as inclusive growth, digital innovation, and climate resilience.
The G20 warns of significant headwinds and potential crises impacting the global economy, with concerns over tightening financial conditions, debt vulnerabilities, inflation, and geopolitical tensions.
US President Joe Biden stated that the G20 Summit demonstrated the ability to address urgent global issues, including the climate crisis and economic stability, through collaborative solutions.
G20 leaders have committed to reforming the dysfunctional World Trade Organization's dispute settlement system by 2024, aiming to improve global trade and reduce protectionism.
The G20 summit in New Delhi concludes with Russia and the US praising a consensus declaration that avoids directly criticizing Russia for the war in Ukraine, but highlights the human suffering caused by the conflict and calls on all states not to use force to grab territory.
The G20 summit in New Delhi showcased India's growing economic and geopolitical influence, but also highlighted concerns about the country's Hindu nationalist government and its approach to press freedom as journalists were largely restricted from covering the event.
