The US and its allies would consult whether Russia should remain within the G-20 grouping of major economies after its invasion of Ukraine
Global public health leaders urge G20 to take an action on vaccine equity, saying only 10% of population in low-income nations have received 1 dose of vaccine with nearly 80% in high-income nations
As the meeting concluded, US and European stocks fell on worries that a Russian invasion of Ukraine was imminent
The meeting of G20 finance ministers and central bankers took place both virtually and in Jakarta
Finance leaders of the world's biggest economies called Friday for a cautious and well coordinated approach to navigating recoveries from the pandemic
Russia and China watered down a communique being drafted by heads of the G20 on Friday, to remove a reference to "current" geopolitical tensions clouding the global economic outlook, said sources.
Finance Minister Nirmala Sitharaman on Friday emphasised the need for bridging the infrastructure funding gap and developing innovative financing mechanisms for an inclusive growth in the sector.
Fears that Russia might invade Ukraine overshadowed a meeting of G20 finance ministers and central bank governors, which was expected to focus heavily on economic recovery
Indian Finance Minister Nirmala Sitharaman pointed out that low and middle-income countries do not have enough resources to deal with the pandemic and need global support.
Need methodologies to adapt to new ways of funding, says Sitharaman
India will hold the G20 Presidency for the first time from December 1, 2022 to November 30, 2023, culminating with the G20 Summit in India in 2023
He said the International Monetary Fund (IMF) should be tasked to mobilise resources to revitalise global health architecture
India will assume the G20 Presidency on December 1, 2022 from Indonesia, and will convene the G20 Leaders' Summit for the first time in India in 2023
In 2019, India's carbon dioxide emissions grew 3.7%, the corresponding increase for China and Russia was 0.7%
The PM said India would have 500 Gw of renewable energy capacity by 2030 and that 50 per cent of the country's energy demand would be met from non-fossil fuel sources by that year
India's 2030 climate targets more relevant than 2070
No mention of 2050 as deadline; leaders agree to end finance support for dirty coal plants by December-end
The Group of 20 countries, which represent more than three-quarters of the world's greenhouse gas emissions, are looking for common ground on how to reduce emissions
Country can produce more than 5 billion doses for the world next year to contain the coronavirus, he says.
The prime minister will be participating in the G20 Summit in Rome from October 30-31 at the invitation of Italian Prime Minister Mario Draghi