Ojaank IAS Academy

OJAANK IAS ACADEMY

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OJAANK IAS ACADEMY

G-20 Held in Bali

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In a joint declaration issued at the end of the G20 summit in Bali where the multilateral organization held several discussions on economic difficulties and insecurities around the world.

Let us assess the points that were discussed at the event and how these align with India’s vision for the global order.

Highlights of the G20 event:

On the Russia-Ukraine conflict: The G20 summit was held on a common ground and addressed the impact that Western sanctions against Russia have had on the global economy. Let me make it clear here that G20 is not a forum to resolve security issues. But these issues could have important consequences for the global economy.

(2) The issue of food security: The G20 leaders’ declaration expressed concern about challenges to global food security, which have been exacerbated by ongoing conflicts and tensions, and called for ‘urgent action’ to help developing economies. committed to.

(3) Against terrorism and money laundering: The G20 declaration also called upon the international community to step up efforts to combat money laundering, the financing of terrorism and the financing of proliferation, and the Financial Action Task Force and it’s regional style of organization urged bodies to ‘lead the global action’. Respond to these threats.

(4) Against war: The G20 leaders have clearly mentioned that they are all against war, as it causes great human suffering and affects the global rules-based order.

The G20 chairmanship in 2023 stands as an opportunity for India. It is time that increasing conflicts and the looming climate crisis put global and regional food security on the priority agenda of the G20 for many years. Against this backdrop, India’s G20 chairmanship provides a historic opportunity for India to share its successful journey in moving from a food-deficit nation to a food-surplus nation. India can play an important role in addressing the growing challenges of food security to build a resilient and equitable food system.

For food security also the summit has created a mechanism focused on five identified action tracks. This includes ensuring access to safe and nutritious food for all, changing sustainable consumption patterns, promoting nature-positive production, enhanced equitable livelihoods, and building resilience to vulnerabilities, shocks and stress.

India with its Interpol meeting recently again approved its no-tolerance policy for terrorism. While there has been no clear statement of India’s support to either party in a war between the two countries, India has mentioned that it is ready to go along with any talks that are peaceful and non-armed.

-OJAANK SHUKLA

( DIRECTOR โ€“ OJAANK IAS )


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