New Delhi declaration shows India's G20 presidency was able to table ideas, shape global issues: Jaishankar

The External Affairs Minister, as he highlighted the conclusion of the G20 Summit in New Delhi, stated that landmark initiatives like the Global Biofuel Alliance and the India-Middle East-Europe Economic Corridor (IMEC).

New Delhi:New Delhi: As the curtains closed on the G20 Summit this Sunday, India's External Affairs Minister, S. Jaishankar, lauded the New Delhi G20 Leaders Declaration for its ability to table innovative ideas, shape global agendas, foster international consensus, and bridge divides. In a post shared on X formerly Twitter, Jaishankar emphasized the Summit's unwavering commitment to the Global South and the spotlight it placed on contemporary accomplishments throughout the two-day event.

"The G20 Summit and its series of bilateral meetings drew to a successful conclusion today in the heart of New Delhi. The New Delhi Declaration stands as a testament to our Presidency's capability to present fresh perspectives, influence global discourse, facilitate collaboration, and promote unity. Our unwavering focus remained steadfast on the Global South, where we showcased our rich cultural heritage alongside our modern-day achievements," Minister Jaishankar shared on X.

Jaishankar, while highlighting the conclusion of the G20 Summit, pointed out significant initiatives that emerged during the event, including the establishment of the Global Biofuel Alliance and the India-Middle East-Europe Economic Corridor (IMEC).

"The G20 Summit yielded pivotal outcomes, including the Green Development Pact and an Action Plan on Sustainable Development Goals, the formulation of high-level principles to combat corruption, strong support for the development of Digital Public Infrastructure, and a commitment to reform Multilateral Development Banks. Notably, the inclusion of the African Union within the G20 framework stands as a major milestone. Prime Minister Narendra Modi's visionary leadership provided the Summit with a clear trajectory for growth and development in the years to come," Jaishankar detailed on X.

During the first day of the G20 summit, member countries formally endorsed the G20 Roadmap for Implementing the Recommendations of the G20 Independent Review of Multilateral Development Banks' Capital Adequacy Frameworks. They called for its ambitious execution within the governance frameworks of these banks, all while safeguarding their long-term financial sustainability, robust credit ratings, and preferred creditor status.

Minister Jaishankar also commended the historic inclusion of the African Union in the G20 membership, deeming it a significant achievement. "The admission of the African Union into the G20 fold is a momentous accomplishment," he tweeted.

In his inaugural address at the 18th G20 Leaders’ Summit on Saturday, Prime Minister Narendra Modi extended a warm invitation to the African Union, represented by Chairperson Assoumani, granting it a permanent seat at the table of G20 leaders. Expressing his gratitude on behalf of the African Union, Chairperson Assoumani thanked the G20 member nations for this historic decision. He also shared a personal reflection on the touching moment when Prime Minister Narendra Modi embraced him after formally welcoming the African Union into the G20 family.

"It was an emotional moment for me. I was on the verge of tears because we had anticipated a debate and a subsequent decision. However, right at the outset of the Summit, it was announced that we were now members," Assoumani revealed.

Furthermore, Jaishankar underscored that Prime Minister Modi's far-reaching vision provided the G20 Summit with a well-defined direction for growth and development in the years that lie ahead. "PM @narendramodi’s vision has charted a clear course for the future of growth and development," Jaishankar tweeted on X.