NEW DELHI: World Bank President Ajay Banga on Sunday said India has charted a path for the world during its G20 chairmanship and praised the G20 declaration being adopted anonymously by all G20 countries.
“I see the fact that there was a statement as a tribute to the fact that the leaders of the G20 found a way to give and take and negotiate and find the right way to agree and find a path to map out for the world. The world is watching, the G20 has the developed world and the developing world,” Banga said.
Speaking to ANI, Banga emphasized that there will always be challenges but India has shown the way by reaching a consensus.
He added: “80% of the world’s GDP was left in the room. If they disagreed, that wouldn’t be a good message. I actually commend India, its leadership and the leaders of the G20 for being able to ensure that a great statement comes out. There will always be challenges.”
“Not even 20 countries will agree on everything. People will have to defend their national interests. But I am optimistic about the mood I saw in that room,” he added.
Earlier on Saturday, the G20 Delhi Declaration was adopted. It called on countries to uphold international law, including territorial integrity, international humanitarian law and the multilateral system that guarantees peace and stability.
The Declaration envisions a Green Development Pact for a sustainable future, endorses the High-Level Lifestyle Principles for Sustainable Development, the Voluntary Hydrogen Principles, the Chennai Principles for a Sustainable, Resilient Blue Economy and the Deccan Principles on Under more food security and nutrition.
The biggest advantage of the declaration was that all 83 paragraphs of the declaration were adopted unanimously, with a 100 percent consensus, with China and Russia in agreement. For the first time, the statement did not contain a footnote or summary from the chairman.
Saturday’s G20 meeting also saw the installation of the African Union as the new permanent member of the G20, giving developing countries a greater voice in global decision-making.
Prime Minister Narendra Modi also launched the Global Biofuels Alliance on Saturday in the presence of US President Joe Biden, Brazilian President Luiz Inacio, Argentina President Alberto Fernández and Italian Prime Minister Giorgia Meloni.
Brazil, India and the United States, as leading producers and consumers of biofuels, will work together in the coming months to develop a Global Biofuels Alliance, together with other interested countries.
Another important takeaway from the summit was the announcement of the launch of a mega corridor for shipping and rail links between India, the Middle East and Europe by India, the US, Saudi Arabia and the European Union.
“I see the fact that there was a statement as a tribute to the fact that the leaders of the G20 found a way to give and take and negotiate and find the right way to agree and find a path to map out for the world. The world is watching, the G20 has the developed world and the developing world,” Banga said.
Speaking to ANI, Banga emphasized that there will always be challenges but India has shown the way by reaching a consensus.
He added: “80% of the world’s GDP was left in the room. If they disagreed, that wouldn’t be a good message. I actually commend India, its leadership and the leaders of the G20 for being able to ensure that a great statement comes out. There will always be challenges.”
“Not even 20 countries will agree on everything. People will have to defend their national interests. But I am optimistic about the mood I saw in that room,” he added.
Earlier on Saturday, the G20 Delhi Declaration was adopted. It called on countries to uphold international law, including territorial integrity, international humanitarian law and the multilateral system that guarantees peace and stability.
The Declaration envisions a Green Development Pact for a sustainable future, endorses the High-Level Lifestyle Principles for Sustainable Development, the Voluntary Hydrogen Principles, the Chennai Principles for a Sustainable, Resilient Blue Economy and the Deccan Principles on Under more food security and nutrition.
The biggest advantage of the declaration was that all 83 paragraphs of the declaration were adopted unanimously, with a 100 percent consensus, with China and Russia in agreement. For the first time, the statement did not contain a footnote or summary from the chairman.
Saturday’s G20 meeting also saw the installation of the African Union as the new permanent member of the G20, giving developing countries a greater voice in global decision-making.
Prime Minister Narendra Modi also launched the Global Biofuels Alliance on Saturday in the presence of US President Joe Biden, Brazilian President Luiz Inacio, Argentina President Alberto Fernández and Italian Prime Minister Giorgia Meloni.
Brazil, India and the United States, as leading producers and consumers of biofuels, will work together in the coming months to develop a Global Biofuels Alliance, together with other interested countries.
Another important takeaway from the summit was the announcement of the launch of a mega corridor for shipping and rail links between India, the Middle East and Europe by India, the US, Saudi Arabia and the European Union.
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