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Current Affairs 2023

G20 Sherpa Meeting in Kumarakom to Achieve Ambitious and Agreed Outcomes - UPSC Current Affairs

The second Sherpa meeting under India's G20 presidency was held in Kumarakom, with the aim of achieving ambitious and agreed outcomes. The meeting discussed various G20 priorities, including green development, climate finance, and women-led development.

Mar 31, 2023

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The G20 Sherpa meeting, under India's presidency, was held in Kumarakom on March 31, 2023, with the Minister of State for External Affairs expressing hope that the deliberations will help in achieving ambitious and agreed outcomes. The meeting discussed various G20 priorities, including green development, climate finance, and women-led development. The theme of the G20, based on universal brotherhood, has resonated across the world with its all-encompassing, inclusive message, capturing the diverse global challenges of the day.

 

The delegates also discussed the way forward for further cementing G20’s good work and achieving ambitious and agreed outcomes. The Chair's Summary and Outcome Document was the first-ever in G20, which highlighted the need for multilateral reforms, a shared approach to development cooperation, and the need for Multilateral Development Banks (MDBs) to mobilize additional financing. The document also emphasized the importance of condemning terrorism in all its forms and manifestations, and a resolve to counter new and emerging threats, reliable food and fertilizer supply chains, and global skill mapping, among others.

 

The meeting was successful in achieving the goals of India's G20 presidency, with South Africa, Nigeria, Egypt, AU Chair Comoros, Mauritius, and AUDA-NEPAD having the highest-ever participation from Africa in any G20. The delegates took stock of the work done so far and deliberated on the way forward for further cementing G20’s good work and achieving ambitious and agreed outcomes.

 

The G20 Sherpa meeting in Kumarakom will help to advance the G20's mission of achieving sustainable and inclusive growth, and promoting financial stability and cooperation among the world's largest economies. The meeting discussed various G20 priorities, which will be taken up at the G20 summit in November 2023. The G20 Sherpa meeting in Kumarakom was a successful event in India's G20 presidency, with the Minister of State for External Affairs expressing hope that the deliberations will help in achieving ambitious and agreed outcomes. Reference source: TH

 

UPSC Main Type Question

 

Discuss the significance of the recent G20 Sherpa meeting held in Kumarakom under India's presidency, highlighting the key priorities discussed and the outcomes achieved. 

 

Answer: The G20 Sherpa meeting held in Kumarakom under India's presidency was a significant event, as it brought together senior officials from G20 countries to deliberate on key global issues and priorities. The meeting discussed a range of G20 priorities, including green development, climate finance, accelerated growth, progress on SDGs, technological transformation, multilateral institutions of the 21st century, and women-led development.

 

The meeting also discussed the outcomes of the G20 Foreign Ministers’ Meeting held in New Delhi earlier in March 2023, which included endorsement of multilateral reforms, a shared approach to development cooperation, the need for Multilateral Development Banks (MDBs) to mobilise additional financing, and a resolve to counter new and emerging threats.

 

The Kumarakom meeting was also significant as it highlighted the importance of deepening cooperation between G20 and African partners, including the African Union. The participation of several African countries in the meeting reflected India's commitment to engaging with the Global South and promoting inclusive and equitable growth.

 

Overall, the G20 Sherpa meeting in Kumarakom was a successful event that helped to advance key global priorities and build consensus on shared challenges. The outcomes of the meeting will help to guide the work of the G20 in the months ahead, as it continues to promote sustainable and inclusive growth and address global challenges in a coordinated and collaborative manner.

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