Usually, a Declaration is released at the end of the Summit. But the 18th G 20 Summit has made two major announcements on the very first day.
The G 20 New Delhi Leaders’ Declaration
This declaration sets out the following things as important to the leaders of G20:
We commit to:
a. Accelerate strong, sustainable, balanced and inclusive growth.
b. Accelerate the full and effective implementation of the 2030 Agenda for Sustainable Development.
c. Pursue low-GHG/low-carbon emissions, climate-resilient and environmentally sustainable development pathways by championing an integrated and inclusive approach. We will urgently accelerate our actions to address development and climate challenges, promote Lifestyles for Sustainable Development (LiFE), and conserve biodiversity, forests and oceans.
d. Improve access to medical countermeasures and facilitate more supplies and production capacities in developing countries to prepare better for future health emergencies.
e. Promote resilient growth by urgently and effectively addressing debt vulnerabilities in developing countries.
f. Scale up financing from all sources for accelerating progress on SDGs.
g. Accelerate efforts and enhance resources towards achieving the Paris Agreement, including its temperature goal.
h. Pursue reforms for better, bigger and more effective Multilateral Development Banks (MDBs) to address global challenges to maximise developmental impact.
i. Improve access to digital services and digital public infrastructure, and leverage digital transformation opportunities to boost sustainable and inclusive growth.
j. Promote sustainable, quality, healthy, safe and gainful employment.
k. Close gender gaps and promote the full, equal, effective and meaningful participation of women in the economy as decision-makers.
l. Better integrate the perspectives of developing countries, including LDCs, LLDCs, and SIDS, into future G20 agenda and strengthen the voice of developing countries in global decision making.
Some of the other themes addressed in this declaration are the Ukraine war, global fight against corruption, global health, improvement in education, better preparedness for future global health events like the Covid pandemic, building resilient infrastructure in the wake of more frequent natural disasters in all parts of the world,
This is an interesting statement in the Declaration
We continue to closely monitor the risks of the fast-paced developments in the cryptoasset ecosystem. We endorse the Financial Stability Board’s (FSB’s) high-level recommendations for the regulation, supervision and oversight of crypto-assets activities and markets and of global stablecoin arrangements.