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G20

BRICS Or NATO? G20 Or G77?

September 24, 2023 Radhika Desai and Michael Hudson, Geopolitical Economy. , , , ,
Pepe and Michael and I are going to discuss the apparently unending series of summits and read their tea leaves to see what they tell us about how the world is changing. And that summitry has been pretty exhausting. There was the fateful NATO summit in July, where much to his chagrin, President Zelensky failed to get even a timetable to get into NATO after having prostrated his country before NATO and having long ago so faithfully let NATO into Ukraine. And then there was the BRICS summit in Johannesburg in August, where the organization defied pessimistic predictions and admitted six new members.

G20’s New Delhi Declaration Is A Successful Balancing Act

September 12, 2023 People's Dispatch. , , , , , , , ,
The 18th Summit of G20 (Group of 20) concluded in New Delhi with the adoption of a joint declaration on Sunday, September 10. The declaration reiterated the G20’s commitment to UN Sustainable Development Goals and raised the need to reform global decision-making with the inclusion of more voices from the Global South. The two day meeting of world’s top economies concluded with Indian Prime Ninister Narendra Modi handing over the presidency to Brazil which will host the summit next year. The New Delhi summit with the theme “Vasudhaiva Kutumbakam” or “One Earth, One Family, One Future” invited the African Union (AU) as its 21st member with its chairperson Azali Assoumani joining the proceedings.

Biden Announces Deal Connecting Europe And West And South Asia

September 10, 2023 News Desk, The Cradle. , , , , , , ,
US President Joe Biden announced a multinational rail and ports deal linking Europe, West Asia, and South Asia on 9 September at a gathering on the sidelines of the G20 summit in New Delhi. The deal, known as the India-Middle East-Europe Economic Corridor (IMEC), comes as the White House seeks to counter China’s Belt and Road Initiative (BRI) and Russia and Iran’s North-South Transportation Corridor (INSTC) by pitching Washington as an alternative partner and investor for developing countries. A memorandum of understanding for the deal was signed by the European Union, India, Saudi Arabia, the United Arab Emirates, the US, and other G20 partners.

G20 Summit Set To Begin In New Delhi; Faultlines Among Members Widen

September 8, 2023 People's Dispatch. , , ,
The 18th G20 summit is set to open in the Indian capital New Delhi on Saturday, September 9. The two-day summit of the grouping would be the first to be held in India and is being keenly watched due to disagreements among member states on several economic and geopolitical issues. The G20 consists of some of the world’s 20 largest economies, including 19 countries and the European Union (EU). Apart from the members, 11 more countries have been invited as guests, including Bangladesh, Egypt, Nigeria, and the UAE. The meeting will also be attended by representatives of different international organizations — from the UN to ASEAN.

G20: Last Waltz In A World Torn Apart

September 6, 2023 M. K. Bhadrakumar, Consortium News. , , ,
India’s Modi government is not perplexed by the decisions of Russian President Vladimir Putin and Chinese President Xi Jinping not to attend the G20 Summit in New Delhi on Sept. 9-10. Its intuitive cognition helps to be stoical. India’s high-calibre diplomats would have divined some time ago that an event conceived in the world of yesterday, before the new cold war came roaring in, wouldn’t have the same scale and significance today. Yet, Delhi must feel disappointed, as the compulsions of Putin or Xi Jinping have nothing to do with their countries’ relations with India.

G20 Foreign Ministers’ Meeting Ends Without A Joint Communique

March 4, 2023 People's Dispatch. , , , ,
The G20 foreign ministers’ meeting in New Delhi on Thursday, March 2, failed to release a joint statement due to the disagreements over the war in Ukraine, after representatives of both Russia and China objected to the draft. As per Indian foreign minister S Jaishankar, both Russia and China had strong objections to the two paragraphs of the draft statement borrowed from last year’s Bali conference, which demanded the unconditional withdrawal of all Russian troops from Ukrainian territory. Jaishankar instead released a ‘Chair’s Summary and Outcome Document’ as an alternative to the joint statement.

Xi Jinping, Justin Trudeau And White Supremacist Ideology

November 24, 2022 Margaret Kimberley, Black Agenda Report. , , , , ,
The Group of 20, or G20, comprises those nations said to be those with the largest economies in the world. The heads of state who attend the annual summit may have meaningful meetings with one another but the recently convened G20 in Bali, Indonesia was more a source of U.S. inspired drama than anything else.  For example, it wasn’t clear if Chinese president Xi Jinping would meet with Joe Biden after the numerous insults involving Taiwan, including sending the Speaker of the House there after China made clear that this was a red line provocation. Of course, being more mature than the Americans, Xi met with Biden, perhaps only to determine if he was up to some new foolish behavior. The summit was fully devoid of any seriousness when the traditional group photo was eliminated because the U.S. and its NATO/EU vassals didn’t want to be seen with Russian foreign minister Sergei Lavrov.

West’s Militaristic Agenda Has Hijacked G20

November 15, 2022 People's Dispatch. , , , ,
Independent journalist Siddharthya Roy, who is reporting from Bali, talks to NewsClick’s Prabir Purkayastha about the upcoming two-day summit of the G20. They discuss the communications breakdown that characterizes the meeting and how the Ukraine war has become the sole agenda item. They point out that these developments cast doubts on the very relevance of the G20 and mark a return of the G7 calling the shots. They also discuss how vital issues such as the African Union’s claim to a seat at the table have been cast aside in the mission to isolate Russia.

Fossil Fuel Production Subsidies Rose To Record Levels In G20 Countries

October 26, 2022 Olivia Rosane, EcoWatch. , , ,
The report found that, not only had emissions rebounded in these countries following the coronavirus pandemic, but fossil fuel subsidies had reached record levels. “Too much public finance for energy in the G20 is still skewed towards the fossil fuel industry. Sixty three percent of G20’s public finance for energy went to fossil fuels in 2019-2020,” ODI senior research fellow and report finance lead Ipek Gençsü said, as BusinessGreen reported. “Last year, the G20 reaffirmed its 2009 commitment to ‘phase out and rationalise, over the medium term, inefficient fossil fuel subsidies,’ but I think we can safely say we are now in that ‘medium term’ and it’s clear the G20 has failed to deliver, instead continuing to use public funds to distort the market in favour of fossil fuels.”

On Ukraine, The World Majority Sides With Russia Over US

April 29, 2022 John V. Walsh, Popular Resistance. , , ,
2014 saw two pivotal events that led to the current conflict in Ukraine.  The first, familiar to all, was the coup in Ukraine in which a democratically elected government was overthrown at the direction of the United States and with the assistance of neo-Nazi elements which Ukraine has long harbored.  Shortly thereafter the first shots in the present war were fired on the Russian-sympathetic Donbass region by the newly installed Ukrainian government.  The shelling of the Donbass which claimed 14,000 lives has continued for 8 years, despite attempts at a cease-fire under the Minsk accords which Russia, France and Germany agreed upon but Ukraine backed by the US refused to implement.  On February 24, 2022, Russia finally responded to the slaughter in Donbass and the threat of NATO on its doorstep.

G20 Pushes Ahead On Global Tax Deal

July 12, 2021 Nick Beams, World Socialist Web Site. , ,
The finance chiefs of the G20, representing the world’s largest economies, have signed off on a deal crafted with the aim of preventing multinational companies shifting profits to low-tax havens. Under the agreement, there will be a global minimum tax of 15 percent on corporations. New rules will be developed so that large corporations, including tech giants such as Amazon and Google, will pay taxes in the countries where they obtain revenue, even if they have no physical presence there. The deal was endorsed at the meeting of G20 finance ministers and central bankers held in Venice over the weekend. Whether it is enacted remains to be seen. There are still several lower-tax countries that have refused to sign, including European Union members, Ireland and Hungary.

G20: You Can Smell Tear Gas In The Streets As The Oil Industry Squabbles

December 6, 2018 Globetrotter, Independentmediainstitute.org , , ,
Last week, two important meetings took place—one, in Buenos Aires, Argentina, of the Group of 20 (G20) nations, and two, in Vienna, Austria, of the Organization of the Petroleum Exporting Countries (OPEC) and other oil producers. The two meetings did not produce any resolution to the major economic challenges in the world. But they did soothe the nerves of financial markets. At the G20, the United States and China dialed down the temperature over trade but did not settle the long-term grievances each side has of the other. At the OPEC+ meeting, Russia and Saudi Arabia agreed to cut production and raise the price of oil despite pressure from the United States and others to keep oil prices low.

Mothers Of Argentina’s Disappeared March Against G20

November 30, 2018 Amy Booth, Aljazeera.com ,
Buenos Aires, Argentina - Every Thursday since 1977, a group of women march around the Plaza de Mayo, the square in the Argentine capital Buenos Aires, where the presidential palace is located. Their demand? The return of their disappeared children. Tens of thousands of people were forcibly disappeared during Argentina's last dictatorship (1976-1983). Many have been confirmed dead, the whereabouts of others remain unknown. On Thursday, the group marched again, for the 2,120th time, reiterating their demand as world leaders arrived in the city for the G20 summit. "There are places here where children don't have bread or meat, and the politicians are busy worrying about taking each other's jobs," Hebe de Bonafini, president of the Mothers of Plaza de Mayo Association, said of the upcoming summit.

G20 Prepares For Protests Against Economy For The Rich

November 29, 2018 By Hernan Porras Molina, Entorno Inteligente ,
Deployment of some 24,000 security agents, areas closed even to pedestrian traffic, total interruption of the metro system and trains, Buenos Aires looks like an armored city and with the nerves of tip before the imminent arrival of the leaders of the G20. The US delegation brings some 800 troops to Buenos Aires eight Air Force aircraft, with civil and military crew. The Argentine press speculates even with the arrival of an aircraft carrier.

Argentina: Protests Against IMF As G20 Ministers Convene

July 23, 2018 Staff, Telesurtv.net , , ,
IMF chief Christine Lagarde praised the economic policies promoted by president Macri and rejected by vast sectors of Argentine society. Argentines welcomed International Monetary Fund (IMF) chief Christine Lagarde, who arrived Friday in Argentina for a G20 summit, with protests and roadblocks in Buenos Aires. Social movements, students, opposition political parties, and workers’ unions mobilize to reject the IMF once more. The government of president Mauricio Macri requested a stand-by loan in May in the midst of a rapid devaluation of the Argentine peso. In June the IMF approved a US$ 50 billion loan, which was rejected by many groups in Argentina that associate the IMF’s return with an impending economic and financial crisis, like the one that ravaged the South American nation in the early 2000s.
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