G20 Meeting

Countries need to put public debt on sustainable path: IMF MD at G20 meet

Most countries need to put public debt on a sustainable path and rebuild fiscal buffers, International Monetary Fund (IMF) Managing Director Kristalina Georgieva told economic leaders from the G20 countries. Georgieva was addressign the first meeting of the G20 Finance Ministers and Central Bank Governors in Cape Town on Thursday. The meeting was hosted by South Africa, which holds the G20 Presidency for 2025. On the fiscal side, most countries need to put public debt on a sustainable path and rebuild fiscal buffers, Georgieva said. While mobilising more domestic revenues is crucial in many countries, it is equally important to promote more efficient public spending. The two go hand-in-hand to ensure that countries have the fiscal space to meet future shocks and provide the basis for higher future growth, she added. Georgieva said it was critical that countries embrace ambitious reforms to lift productivity and enhance growth prospects. The specific priorities will vary from coun

G20 meet on global poverty marred by disputes, absence of major economies

The two-day meeting comes after the Trump administration announced plans to gut its USAID arm and Britain slashed its aid budget by 40 per cent to divert funds towards defence spending

G20 finance ministers to meet in South Africa amid fractious geopolitics

South Africa had hoped to make the G20 a platform for pressuring rich countries to do more to tackle climate change

G20's ability to harmonise views key to drive global agenda: Jaishankar

Highlighting the complexities of the current geopolitical landscape, External Affairs Minister S Jaishankar has said the G20's ability to harmonise viewpoints is key to advancing the global agenda. Jaishankar is in Johannesburg on a two-day visit to South Africa to participate in the G20 Foreign Ministers' Meeting, Addressing the G20 session titled 'Discussion on the Global Geopolitical Situation', Jaishankar said the G20 is an important expression of the world's growing multi-polarity. "The global geopolitical situation remains difficult by any definition. Some of it is the accumulated challenges of the Covid pandemic, conflict situations, financial pressures, food security and climate concerns," he said on Thursday. But there are also the current anxieties about concentrated supply chains, weaponisation of trade and finance, and transparency of data flows, Jaishankar said. "Looking ahead, differential progress on Artificial intelligence and Electric vehicles, space, drones or gr

G20 foreign minister's meet underway in S Africa amid tensions with US

A meeting of foreign ministers from G20 countries will get underway in Johannesburg on Thursday, but US Secretary of State Marco Rubio will not attend amid diplomatic tensions between South Africa and the US. Diplomats including Russian Foreign Minister Sergey Lavrov and Chinese Foreign Minister Wang Yi are expected to attend the gathering, while the US will be represented by acting ambassador to South Africa Dana Brown. The European Union, the United Nations and the African Union, which is part of the G20, will also be in attendance. Rubio snubbed the meeting after an executive order by U.S. President Donald Trump stopped foreign aid to the country over a law that the White House said amounts to discrimination against the country's white minority. The US is also displeased with South Africa's case against Israel at the International Court of Justice. South African Foreign Minister Ronald Lamola has said that Rubio's decision was not a complete boycott of South Africa's G20." He s

US' Rubio to skip G20 meet after calling host South Africa anti-American

US Secretary of State Marco Rubio will skip a two-day meeting of foreign ministers from the leading rich and developing nations that starts on Thursday after criticising host South Africa's policies as anti-American. Instead, Rubio was headed back to the United States on Wednesday from his first trip to the Middle East as America's chief diplomat after leading a US delegation in talks with Russia in Riyad over the war in Ukraine. Rubio spoke with the foreign ministers of France, Germany, Italy, the United Kingdom and the European Union's foreign policy chief to brief them immediately after Tuesday's meeting with Russian Foreign Minister Sergey Lavrov, the State Department said. Top European diplomats, as well as Lavrov and Chinese Foreign Minister Wang Yi are all expected at the Group of 20 meeting in Johannesburg while the US will be represented by a lower-level delegation. A G20 meeting would normally be an opportunity for a US secretary of state to push for support on US positio

US Secretary of State to skip G20 summit: 'South Africa doing bad things'

US Secretary of State Marco Rubio will skip the G20 summit, accusing South Africa of pushing an 'anti-American' agenda and criticising its stance on DEI and climate policies

India-Liberia review bilateral ties, plan next round of talks in New Delhi

During the visit, Mude also called on Jeremiah Kpan Koung, Vice President and Louise M Kpoto, Minister of Health and Social Welfare amongst other ministers

PM Modi visits Guyana: Why South American nation is crucial to India

South American nation has become a significant contributor to world crude supply

Argentina's Milei pivots to pragmatism in first talks with China's Jinping

Last year, then-presidential candidate Javier Milei declared Argentina would not "make deals with communists" in China or Brazil, calling their leaders "murderers" and "thieves" in a bid to channel the populist energies of Donald Trump and other global far-right icons into a winning political message. But on Tuesday, President Milei found himself at the Group of 20 Summit in Rio de Janeiro shaking hands with Chinese President Xi Jinping and vowing to boost trade with the Asian powerhouse, a day after his economy minister signed a preliminary agreement to export Argentine natural gas to Brazil. Milei even acquiesced to a joint declaration endorsed by world leaders late on Monday despite his earlier attempts to play spoiler to the G20 host, Brazil's left-wing President Luiz Inacio "Lula" da Silva who was once called by Milei a "corrupt communist". The final moments of the high-profile summit on Tuesday revealed Milei's more pragmatic streak, coming as a surprise after the irascible ..

Jaishankar meets Chinese counterpart Wang Yi on sidelines of G20 Summit

They noted the progress in the recent disengagement in Ladakh and exchanged views on the next steps in bilateral ties

UPDATES: RBI Governor Shaktikanta Das' tenure likely to be extended further

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G20 summit confronts global order unsettled by Donald Trump's return

Discussions of trade, climate change and international security will run up against sharp US policy changes that Trump vows

Indian diaspora 'very excited' in Brazil ahead of PM Modi's visit to nation

Indian diaspora is delighted to see their leaders and have prepared various cultural performances like Garba to welcome the PM

Looking forward to meaningful discussions at upcoming G20 summit: PM Modi

Prime Minister Narendra Modi on Saturday said he is looking forward to "meaningful" discussions at the upcoming G20 summit in Brazil that built upon its agenda for the grouping on India's presidency of the bloc last year. Modi made the comments in a statement ahead of his five day visit to Nigeria, Brazil and Guyana. The prime minister's first destination will be Nigeria from where he will travel to Brazil. "In Brazil, I will attend the 19th G-20 Summit as a troika member. Last year, India's successful presidency elevated the G-20 to people's G-20 and mainstreamed the priorities of the Global South into its agenda," the prime minister said. Modi, Chinese President Xi Jinping and US President Joe Biden will be among the leaders to attend the summit in Rio de Janeiro on November 18 and 19. India is part of the G20 troika along with Brazil and South Africa. "This year, Brazil has built upon India's legacy. I look forward to meaningful discussions in keeping with our vision of 'One E

Brazil's G20 priorities align with those India had in 2024: Foreign secy

Misri added that the key priorities of Brazilian presidency are hunger and poverty, the same as India's concerns during its presidency

EAM Jaishankar assures full support to Brazil in its G20 Presidency

Welcoming the delegation, Jaishankar appreciated unique initiatives centered on the theme of building a 'just world' and a 'sustainable planet'

G20 finance ministers agree to work toward effectively taxing super-rich

Finance ministers from leading rich and developing nations agreed Friday to strive toward effectively taxing the super-rich, a joint ministerial declaration said. With full respect to tax sovereignty, we will seek to engage cooperatively to ensure that ultra-high-net-worth individuals are effectively taxed, the declaration said after the two-day meeting in Rio de Janeiro. Brazil has made a proposal to impose a 2% minimum tax on billionaires a top priority of its presidency of the Group of 20, ahead of the Nov. 18-19 summit in Rio. While the final declaration stops short of agreeing on a specific global tax, Brazilian Finance Minister Fernando Haddad nevertheless called it a significant step forward. We were always optimistic about this result, but it really exceeded our initial expectations, Haddad told reporters. Brazil's proposal to tax billionaires has divided G20 nations. France, Spain and South Africa have expressed support, while the U.S. is against. Tax policy is very diff

G20 agree on Brazil's billionaire tax idea to effectively tax ultra rich

The declaration, which will be published on Friday, was a priority for Brazil, chairing talks of the G20 this year

Digital tax talks in spotlight at G20 meet as US tariff threat looms

Canada in July became the eighth country to impose a unilateral digital services tax