“Highlights from G20 Summit: PM Modi’s Meetings with Global Leaders and Top 5 Key Takeaways.”

G20 Summit 2023: A Comprehensive Overview

Thank you for reading this post, don't forget to subscribe!

The G20 Summit has reached its final day on September 10, 2023. Prime Minister Narendra Modi is engaging in various high-level meetings with eight global leaders, which include French President Emmanuel Macron, Canadian Prime Minister Justin Trudeau, and representatives from Comoros, Turkey, UAE, South Korea, and the European Union.

Prime Minister Modi is scheduled for a working lunch meeting with French President Emmanuel Macron. Additionally, he will hold a pull-aside meeting with Canadian Prime Minister Justin Trudeau and conduct bilateral meetings with representatives from Comoros, Turkey, UAE, South Korea, the European Union, Brazil, and Nigeria, as reported by sources from the news agency ANI.

Top 5 Key Highlights from the G20 Summit:

African Union Granted Permanent Membership: During the inaugural session of the two-day G20 Summit, the African Union (AU) was granted permanent membership in the Group of 20 largest economies (G20) worldwide.

New Delhi Leaders Summit Declaration: The G20 adopted the New Delhi Leaders Summit Declaration, emphasizing the importance of peace and diplomacy while upholding international law, territorial integrity, and sovereignty.

India-Middle East-Europe Economic Corridor: India, the US, UAE, Saudi Arabia, France, Germany, Italy, and the European Union signed an MoU to establish the India-Middle East-Europe Economic Corridor, aiming to boost trade and economic connectivity.

UK’s Commitment to Green Climate Fund: British Prime Minister Rishi Sunak pledged $2 billion to the Green Climate Fund (GCF) to assist developing countries in addressing climate change challenges.

Russia’s Response to the G20 Consensus Declaration: Russia praised the G20 consensus declaration, which avoided direct criticism of Moscow for its actions in Ukraine, describing it as “balanced.”

Additionally, it was noted that the Ukraine conflict was a contentious topic during the negotiations, with India, Brazil, and South Africa playing crucial roles in bridging differences.

In other developments, US President Joe Biden, along with several other G20 leaders, paid homage at Mahatma Gandhi’s memorial Rajghat in Delhi before his departure for Vietnam. Earlier, on Day 1 of the summit, President Biden held talks with PM Modi, focusing on strengthening the bilateral major defense partnership, including India’s procurement of drones and joint development of jet engines.

Furthermore, Central Bank Executive Director Ajay Kumar Choudhary revealed that the Reserve Bank of India is set to launch the pilot of Central Bank Digital Currency (CBDC) for interbank borrowing or call money market transactions, likely in October. This pilot, known as the Digital Rupee-Wholesale (e-W), initially launched in November 2022, limited to the settlement of secondary market transactions in government securities, is now expanding its use cases. Choudhary made this announcement during the G20 Leaders’ Summit in Delhi.

Leave a Comment

Your email address will not be published. Required fields are marked *

Amazon India Today's Deals

Scroll to Top