Latest World News: Overwhelming response to the Prime Minister’s proposal to make Africa

Prime Minister Narendra Modi’s proposal to make the African Union a permanent member of the G-20 has received an overwhelming response from the group, Indian G-20 Sherpa Amitabh Kant has said.

In an interview with PTI, the chief negotiator noted that India was “very hopeful” that the African continental body would find a permanent position within the G-20 during New Delhi’s chairmanship of the grouping.

Last month, Mr Modi wrote to the leaders of the world’s 20 biggest economies asking the African Union to become a full member of the grouping when it next summits in New Delhi in September.

The proposal was formally included in the draft leaders’ statement at the third G-20 Sherpa meeting held in Hampi, Karnataka, July 13-16.

The African Union (AU) is an influential organization made up of 55 member states that make up the countries of the African continent.

The Sherpas held four rounds of in-depth discussions during the meeting to shape the leaders’ declaration that will be adopted at the New Delhi summit.

Kant said the prime minister’s proposal to grant G-20 membership to the AU has received wide support and India’s chairmanship of the grouping is largely aimed at benefiting the global South, including the African continent.

“Our whole document is actually designed based on the meeting that the Prime Minister had with the 125 countries at the Voice of Global South Summit. What came out of that is the basic premise that our document (draft leaders’ statement) is based on,” he said.

Therefore, one of the main problems was that the Prime Minister wrote to all the leaders for the African Union to become a permanent member. We proposed this at the Sherpa meeting, Mr. Kant said. I am happy to say that we had an overwhelming response to this proposal from the Prime Minister of India during the third round of the Sherpa meeting, he added.

The G-20 operates on the principle of consensus and any dissenting voices at the top of the leadership can create difficulties, officials said.

Mr. Kant said India’s priorities for the summit were sustainable growth, rapid implementation of the Sustainable Development Goals (SDGs), digital transformation and green development, among others.

The chief negotiator said India’s position was that resources should be provided to developing countries for both the SDGs and climate action.

On the issue of “climate justice”, he said that climate finance is a very critical issue. “If you’re trying to be ambitious on climate action, there has to be simultaneous action on finance. It’s impossible for the developed world to ask us to be ambitious on climate action and then cut climate finance; that’s not possible,” he said.

Mr. Kant also stressed the need for private sector loans to meet the challenge.

“And that’s not the balance sheet of the multilateral development banks. But the balance sheet of the world has to be used to really push resources,” he said.

Mr. Kant noted that there is no shortage of money in the world. “There is $350 trillion available with the private sector, $150 trillion is available with institutional investors and the private sector with pension funds,” he added.

“But they won’t invest where the risks are very high. Now the challenge is that you have different risks for different countries,” he said while pointing out the different interest rates in different parts of the globe.

Reflecting on the challenges faced by developing countries or countries in the Global South, Kant said that the international financial architecture is weighed against emerging markets, even if growth comes from them.

“This growth is coming from emerging markets due to young demographics, whereas there is an aging population in the western world and this has been happening over the last decade and a half,” he said.

“Growth in the developed world is declining and growth in emerging markets is increasing. So if growth in emerging markets is increasing due to young demographics, you need more resources to flow into emerging markets,” Kant said.

“But the opposite is happening,” he regretted.

Mr. Kant said that India will push to find solutions to these problems.

In January, India hosted the Voice of the Global South summit with the aim of highlighting the issues and challenges facing developing countries.

The African Union is considered the premier group representing the voice of Africa. He strove to ensure the progress and economic growth of African nations. It was officially launched in 2002 as the successor to the Organization of African Unity (OAU).

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An Overview of Global Events in 2023

In 2023, the world witnessed a myriad of events that left a lasting impact on global affairs. From political developments and economic shifts to environmental challenges and breakthroughs in science and technology, the year was marked by significant changes and a sense of urgency for collective action. Here’s an overview of some of the latest world news in 2023.

Political Unrest and Diplomatic Strides:
In the political arena, several regions experienced unrest and geopolitical tensions. The ongoing conflict in the Middle East continued to dominate headlines, with efforts towards peace and stability remaining elusive. However, there were also moments of diplomatic breakthroughs as nations engaged in dialogues to ease tensions and work towards lasting solutions.

Economic Transformations:
The global economy faced both challenges and opportunities. Trade disputes between major powers affected markets, while some countries grappled with debt crises. On the other hand, emerging economies showed resilience and promising growth, fueling optimism for a more balanced global economic landscape.

Technological Advancements:
Innovation surged forward in the tech industry, with breakthroughs in artificial intelligence, renewable energy, and space exploration. Quantum computing achieved milestones, promising radical transformations across industries. Renewable energy sources gained traction, with many countries setting ambitious goals to combat climate change.

Climate Crisis and Environmental Resilience:
As the climate crisis intensified, extreme weather events wreaked havoc in various parts of the world. Wildfires, hurricanes, and floods reminded humanity of the urgent need for climate action. In response, governments and communities across the globe doubled down on efforts to reduce carbon emissions, invest in sustainable infrastructure, and protect biodiversity.

Health and Pandemic Management:
Health remained a global priority as countries continued to combat the COVID-19 pandemic. With the emergence of new variants, vaccination efforts and public health measures remained crucial to curbing the spread of the virus. There were also significant advancements in medical research and technology, offering hope for better preparedness in handling future health crises.

Sports and Cultural Milestones:
Amidst the challenges, the world found moments of joy and unity through sports and culture. International sporting events brought together athletes from diverse backgrounds, promoting solidarity and camaraderie. Cultural exchanges and celebrations showcased the richness of human diversity and fostered mutual understanding.

In conclusion, the year 2023 was a dynamic period filled with significant events that shaped the course of history. From political unrest to technological advancements and environmental challenges, the world witnessed the complexities of the global landscape. While obstacles remained, there were also encouraging developments and collaborative efforts towards a more sustainable, peaceful, and prosperous future for all nations. As we move forward, the lessons learned from these events serve as a reminder of the importance of collective action and cooperation to address shared global challenges.