G20 adopted the New Delhi Declaration unanimously on Saturday, calling for coordinated steps to support the world economy that faces an uncertain outlook, along with expeditious and effective redressal of the debt vulnerabilities of low and middle-income countries. The declaration marked a significant diplomatic success for India's presidency in the face of divisions that had cropped up, especially over the Ukraine war.
In the 83-paragraph declaration, the India-led G20 proposed scaling up inclusive action against climate change with a green development pact and sustainable development goals, admitted the African Union in the group, put crypto-asset regulation on the global agenda, and committed to reforming multilateral development banks (MDBs).
There were widespread fears the summit may end without a declaration due to divergence over the Ukraine-Russia conflict that shadowed all ministerial meetings before the Leaders' Summit.
«History has been created with the adoption of the New Delhi Leaders' Declaration,» said Prime Minister Narendra Modi on social media site X.