The G20 adopted the New Delhi Declaration unanimously on Saturday, calling for coordinated steps to help the world financial system that faces an unsure outlook, together with expeditious and efficient redressal of the debt vulnerabilities of low and middle-income nations.
Indian officers labored round the clock behind the scenes up to now few months — and notably the final week — via a number of channels, together with the ministerial and Sherpa tracks, to achieve a consensus on the Leaders’ Summit Declaration by narrowing variations on the Ukraine-Russia warfare.
The G20 leaders Saturday agreed to manage crypto belongings, endorsed the necessity for higher capitalised and extra environment friendly multilateral improvement banks (MDBs) to deal with twenty first century challenges, and pushed for a more moderen local weather financing framework that wouldn’t tie its success to developed-world fund pledges.
Source: economictimes.indiatimes.com