G20

Indian Prime Minister Narendra Modi used his G20 presidency to burnish his image at home and abroad as a steward of national power and prosperity, asserting India's place in the world ahead of general elections next year.

The African Union joined the Group of 20 leading economies at its summit on Saturday, giving the continent more of a voice on the global stage, with host Indian Prime Minister Narendra Modi saying it turned the often divided bloc into the "people's G20".

India's assumption of the G20 presidency took place when the world was still reeling from the effects of the pandemic and when alliances were being rethought due to the Ukraine crisis.

The Global South, which is largely underrepresented in major world forums, gained significant attention under India's presidency over the last year, experts say.

G20 per capita coal emissions continue to rise despite climate pledges and transition efforts by some members of the group of major economies, new research showed Tuesday.

The G20 summit, which will take place on Sept. 9-10 in New Delhi, was seen as an opportunity for the two leaders to meet after their last encounter on the sidelines of the G20 summit in Indonesia.

Premier Li Qiang might make the trip to New Delhi instead of the Chinese president, according to officials from India and China.

Environment ministers from G20 nations failed to agree on peaking global emissions by 2025 and other crucial issues to address the global climate crisis at their meeting in India on Friday.

Energy ministers from the group of 20 nations meeting in India Saturday failed to agree on a roadmap to phase down the use of fossil fuels in the global energy mix.

"A sherpa, in a way guides or shepherds the process of planning, negotiation and implementation of the agenda for a particular member country," a T20 secretariat research coordinator for Think20 said. "Their work begins way ahead of the summit as they organize the agenda and look for political consensus at the highest levels."

India seems to be trying to avoid the Ukraine war issue from from superseding its own agenda -- issues of the Global South -- at the summit.

Companies making "runaway profit" should "dedicate at least 20% of the profit to those countries that are most affected like us," Bangladesh's Foreign Minister AK Abdul Momen said.

The gathering will serve as the culmination of multiple ministerial meetings, working groups, and engaged forums focused on global health, sustainable energy, and digital transformation that have taken place over the past year.

An initiative by the world’s wealthiest nations to suspend debt payments by low income countries to help them respond to the COVID-19 pandemic is falling below expectations as debt repayments remain higher than suspensions. 

This G20 plan marks the most significant overhaul of the international tax system in decades, affecting large multinational businesses.

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