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HomeWorldEuropeLavrov: G20 summit success for all G20 countries, the group is transforming

Lavrov: G20 summit success for all G20 countries, the group is transforming

The Russian Foreign Minister thinks that “first of all, this was manifested in the significant intensification of the G20 members from the Global South”. Lavrov also noted:

“The summit, of course, is an unconditional success, first of all of the Indian presidency, but also of all of us. The G20 is experiencing – I would say – a kind of an internal reform. First of all, this was manifested in the significant intensification of the G20 members from the Global South, who, under the leadership India’s role very clearly and persistently sought to take into account their interests in the agreements that the G20 discussed, and as a result they were included in the declaration.”

Lavrov believes that this year’s G20 meeting will have a positive impact on reforming the World Trade Organization (WTO), as well as the International Monetary Fund (IMF). He added:

“The declaration sets out the tasks of reform and the International Monetary Fund, where for a long time now, if quotas and votes are honestly divided, the Americans will not have a blocking ticket, which is preserved artificially. So, the summit, of course, will give a very serious impetus, a positive impetus to the efforts on the reform of both the International Monetary Fund and the World Trade Organization, which is also directly written down.”

The Russian Foreign Minister drew attention to the fact that BRICS has already surpassed the G7 countries in terms of GNP. As he underlined, the countries of the Global South are striving to strengthen their role in the mechanisms of global governance so that their real weight is reflected in world affairs, including in the economic sphere.

Earlier we reported that leaders gathered for the annual Group of 20 summit agreed on a joint statement laying out shared views on climate change and economic development. G20 also discussed question of the African Union’s participation as a permanent member of the summit.

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