Washington
The US has reaffirmed its commitment to host the 2026 G20 summit, stating that it is a major step towards providing solutions to pressing global issues. President Biden pledged to restore America’s leadership role in the world, rebuild relationships abroad, and support an economic agenda at home and abroad that delivers lasting results. The US is committed to the G20 initiative for a global geopolitical and economic order based on equity and justice.
The US is also pleased to support and welcome the African Union as a permanent member of the G20, reflecting both the vitality of the G20 and Africa’s vital role in the global economy. Biden and other G20 leaders committed to implementing the G20 2023 Action Plan to accelerate the Sustainable Development Goals (SDGs).
They united G20 partners to mobilize more headroom and concessional finance to boost the World Bank’s capacity to support low- and middle-income countries. G20 leaders committed to redoubling efforts to resolve debt crisis cases in countries like Ghana and Sri Lanka.
Biden urged leaders to think about new solutions to enable unsustainable debt to be transformed into transformative investments. He pressed all creditors, including the private sector and multilateral development banks, to introduce climate-resilient loan clauses in their lending. The US Export-Import Bank is preparing to do this with selected bilateral lending, consistent with its governance framework.
At the G20, Biden supported an agenda focused on reducing the acute food crisis the world faces today while working together with G20 countries to mitigate future shocks. The White House said the United States is the world’s largest bilateral donor to global health and is committed to working with the G20 to build a safer, more equitable future.
G20 leaders came together for the first time to raise the challenges of counter-narcotics, particularly synthetic drugs, as a priority for the G20. They recognized the public health threats posed by synthetic drugs and committed to enhancing information sharing and capacity building to address these challenges.
In Delhi, Biden and G20 leaders committed to advance efforts to triple global renewable energy capacity by 2030, encouraging more countries to follow the IRA playbook of investing in clean energy manufacturing and development.
