A common communiquu00e9 was also absent from the G-20 Finance Ministers and Central Bank Governors conference in Bangalore earlier.This raises alarm. The grouping of the world’s 20 largest economies, which is best positioned to lead the world out of its economic crises, appears to be in a state of near-paralysis due to the squabbling of the big powers at a time when the world is struggling with post-pandemic economic recovery and the effects of Russia’s war on Ukraine.
Moscow objects to any discussion of the Ukrainian conflict. It claims that the G-20 meetings are not a platform for addressing the conflict and that the G-20’s main agenda items are global economic concerns. The Ukraine War, according to the West, must be handled at the G-20 because it is the root of many countries’ food, fuel, and economic issues.
Source: VOA NewsTheir positions appear to be motivated by an unsightly desire to gain an advantage over one another. It is concerning to note that geopolitics is having an increasing effect on how the G-20 operates. A document that was agreed upon was produced during the Bali summit in November 2022. In New Delhi, Russia abandoned the Bali consensus with China’s support. Hence, the summit in New Delhi represented a turn away from Bali.After the conclusion of the meetings in Bengaluru and New Delhi, India, the G-20 host this year, attempted to salvage the situation by releasing a Chair’s Report and an Outcome Document. These serve to highlight that the discussions did not result in a total failure and that agreement was reached on a number of topics, including the security of food, fuel, and energy. This is a logical strategy that will enable the G-20 to build on its successes rather than let its shortcomings define it.
The G-20 chairmanship of India will come to an end at the summit there in September. Delhi must intensify diplomacy if it doesn’t want its presidency to come to a dismal conclusion. It has seven months to complete several difficult tasks.
Source: Hindustan Times The Modi administration appears to have prioritised using G-20 summits for domestic political messages thus far. It should make use of its diplomatic resources and abilities in the upcoming months. India has a real chance to achieve a breakthrough because the Foreign Ministers’ Meeting made clear how the world is growing increasingly impatient with Vladimir Putin’s war and how the Russia-China axis is becoming increasingly isolated on this issue. Moscow must be prodded to see sense by Delhi.
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