New Delhi: India’s presidency of G20 or the Group of 20 has been able to bring all member countries to the table on the issue of war in Ukraine and brought to the fore the voice of the emerging markets as moderators, said foreign policy experts, highlighting the country's heritage as the voice of reason. The New Delhi Declaration issued on the first day of the two-day G20 Summit set the direction of future negotiations on important economic issues including climate financing which has for the first time put $5.9 trillion number to the green financing requirements for developing countries, reforms in multilateral banks, international taxation and sustainable development.
“People were expecting the declaration not to come out and that the paragraph of Ukraine would have been opposed by China and Russia, but the fact that everyone decided on a little give and take, is as much a tribute to diplomacy of India, as also India's ability to have chosen right. Emerging countries have got a role in terms of being the moderating influence, and this is not the first time that India has been a moderating influence," said Rajiv Dogra, former ambassador of India to Italy, Romania, Moldova, Albania and San Marino and India’s permanent representative to the United Nations agencies based in Rome.
On the Russia-Ukraine crisis, India worked very closely with Brazil, South Africa and Indonesia, where the emerging markets played a very key role, India’s Sherpa to the G20 Amitabh Kant said on Saturday, after issuing the joint communique. The declaration also noted the contribution of Turkiye and the UN-brokered Istanbul Agreements for the effective implementation of the Black Sea grain deal for ensuring immediate and unimpeded deliveries of
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