G20 Summit: Talks New Challenges Terrorism, Money Laundering, Digital Era

New Delhi

The G20 summit in New Delhi has begun, with Prime Minister Narendra Modi introducing the declaration of the G20 Leaders Summit. Foreign Minister S. Jaishankar announced that the declaration was adopted at the beginning of the second session, and PM, Modi thanked the G20 Sherpas, ministers, and officials for getting this joint declaration approved.

The G20 New Delhi Leaders Declaration, a joint declaration, has been approved by member countries, with the theme being One Earth, One Family, One Future. The declaration includes 11 chapters, with India mentioned 10 times and Ukraine four times in its preamble. The declaration emphasizes one earth, one family, and one future, with Ukraine, mentioned four times.

  •  Accelerating Progress on the Sustainable Development Goals (SDGs) is the first chapter, where the G20 countries agree to accelerate the SDGS, eliminate hunger and malnutrition, strengthen global health, and implement a one-health approach.
  • Green Growth Pact for a Sustainable Future is the third chapter, which calls for reducing macroeconomic risks arising from climate change and infection pathways and mainstreaming lifestyles for sustainable development.
  • Technological Change and Digital Public Infrastructure is the fourth chapter, emphasizing building digital public infrastructure, security, resilience, and trust in the digital economy.
  • International Taxation deals with international taxation, with the Economic Forum expressing its commitment to continue cooperation towards a fair, sustainable, and modern international tax system globally in line with the needs of the 21st century.
  • Gender Equality and empowering all women and girls is the fifth chapter, focusing on increasing economic and social empowerment and bridging the gender digital divide. The countries have agreed to ensure food security, nutrition, and welfare of women and create a working group on women’s empowerment.
  • Financial Sector Issues is the seventh chapter, stating that we should jointly solve problems arising in the financial sector around the world and help institutions like the Financial Stability Board (FSB) and Standard Setting Body (SSB).
  •  Financial Sector Issues Combating Terrorism and Money Laundering is the first chapter, where the G20 group commits to combating terrorism and money laundering.
  • Building a More Inclusive World is the last chapter of the manifesto, emphasizing helping migrants and migrant workers. The inclusion of the African Union in G20 under the chairmanship of India has been praised.

The G20 summit in New Delhi has concluded with a joint declaration, focusing on one earth, one family, and one future. The declaration also addresses issues such as international taxation, gender equality, financial sector issues, and combating terrorism and money laundering.

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