G20: How India Can Effectively Lead G20 In Post-Pandemic, Ukraine War Times - News18
News 18World leaders recently concluded the annual two-day G20 Summit, signalling the conclusion of Indonesia’s year-long presidency and the commencement of India’s journey as the next chair, only the fifth developing country to do so since its inception. THE ROAD AHEAD India, a founding member of the G20, has long contributed to the group’s deliberations on growing challenges, particularly those affecting the most disadvantaged people throughout the world. UN Secretary General Antonio Guterres expressed hope that India’s G20 presidency would allow for the creation of effective systems of debt restructuring. He said, “I very strongly hope that the presidency of India of the G20 will allow for the creation of effective systems of debt restructuring and debt relief for the possibility of multilateral development banks to be able to do concessional funding to middle income countries that are particularly vulnerable… to make sure that multilateral development banks assume a multiplying effect, which means mobilise through guarantees, accepting to be the first risk-takers.” Next, India has the ability to successfully lead the G20 on digital economy.