28 April, 2025
Important results of G-20 summit -
Sun 10 Sep, 2023
New Delhi announcement-
- The member countries have accepted the New Delhi Declaration as a key theme for India's 18th G-20 Chairmanship.
- The declaration focuses on sustainable development, accelerating progress on the goals, green growth agreements and promoting multilateralism.
Important goals -
- STRONG, SUSTAINABLE, BALANCED, AND INCLUSIVE GROWTH
- ACCELERATING PROGRESS ON SUSTAINABLE DEVELOPMENT GOALS (SDGS)
- GREEN DEVELOPMENT PACT FOR A SUSTAINABLE FUTURE
- MULTILATERAL INSTITUTIONS FOR THE 21ST CENTURY
- TECHNOLOGICAL TRANSFORMATION AND DIGITAL PUBLIC INFRASTRUCTURE
- INTERNATIONAL TAXATION
- GENDER EQUALITY AND EMPOWERING ALL WOMEN AND GIRLS
- FINANCIAL SECTOR ISSUES
Permanent membership to the African Union -
- At the G20 summit in New Delhi, PM Modi announced to provide permanent membership to the African Union in G20 during the first session of the meeting.
- As a result, the organization named G-20 will now be known as G21. Global Infrastructure and Investment (PGII) and India-Middle East-Europe Economic Corridor (IMEC) -
- IMEC-related MoUs were signed by India, US, Saudi Arabia, UAE, EU, Italy, France and Germany.
Global Biofuel Alliance -
- The alliance was launched by Prime Minister Modi along with the leaders of Singapore, Bangladesh, Italy, US, Brazil, Argentina, Mauritius and UAE as Global Biofuels Alliance (GBA). Net Zero by 2050 -
- The G-20 leaders' declaration formally recognized for the first time the need for developing countries to invest $5.8–5.9 trillion in the period before 2030.
- It also acknowledged the need for $4 trillion per year for clean energy technologies by 2030 to reach net zero by 2050.End of G-20 Summit 2023 -
- Prime Minister Narendra Modi officially handed over the chairmanship of the G-20 to Brazilian President Luis Inacio Lula da Silva at the end of the conference.
IMPORTANT FACTS
G-20 + 1
Established-1999
Summit of Nations-2008Member countries -
- Argentina, Australia, Brazil,Canada, China, France,Germany, India, Indonesia, Italy,Japan, Mexico, Russia, Saudi Arabia,South Africa, South Korea,Türkiye, Britain, the United States and the European Union . New Member - African Union (2023)
African Union -
- Establishment-2002
- Administrative center - Addis Ababa (Ethiopia)
- Member countries-55
- Chairman -Ajali Assoumani