The recent G20 Leaders Summit highlighted the need for a reset in the international financial architecture to support the global south . The current system fails to meet the liquidity needs of countries in crisis and leaves many debtors in a financial freefall. The New Delhi Leaders Declaration emphasizes the importance of balanced multilateralism and calls for increased financing for climate mitigation and adaptation efforts.
Washington/London, Sep 11 (PTI) The world media has hailed India's successful organisation of the G-20 Summit, describing its outcome as a diplomatic victory for Prime Minister Narendra Modi who is pushing to increase the country's influence on the world stage and pressing for reforms in global institutions, including the United Nations.
New Delhi, Sep 10 (PTI) Turkish President Recep Tayyip Erdogan on Sunday said India is his country's greatest trade partner in South Asia and expressed confidence of tapping the huge potential of cooperation between the two countries.
The G20 summit, under India s presidency, moves into its second day with leaders paying tribute to Mahatma Gandhi and participating in a tree-planting ceremony. The summit also includes an exhibition for the spouses of world leaders. On the first day, the Delhi Declaration was unanimously adopted, emphasizing the importance of upholding international law and promoting sustainable development.
PM Modi noted that India's presidency of G20 would continue till November 30 before being handed over to Brazil who will hold the leaders' summit in Rio.