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The Latest Breaking News from G20

UN wants India to mobilise G20 to help debt-stressed countries

U.N. chief Antonio Guterres on Wednesday sought India's support in mobilising G20 nations to help out developing countries saddled with debt, with three of India's neighbours already seeking IMF loans as their economies struggle.

Reuters

OECD Expects Saudi Arabia to Top G20 Economies for 2 Years

The real GDP growth projections of the Saudi economy are expected to reach 9.9 percent this year, and six percent in 2023, recording the highest growth rate among the G20 countries, according to a report by the Organization for Economic Cooperation and Development (OECD). The report "OECD Economic Outlook Interim…

Asharq Al-Awsat

Rich countries must urgently help poor nations hit by climate crisis, says V20

Twenty countries facing worst impact of global heating set out proposals for loss and damage payments

The Guardian - UK

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Putin aide says release of Brittney Griner is not a priority for Russia

The difficulties involved in freeing Brittney Griner from her imprisonment in Russia were brought into stark relief this weekend

The Guardian - US

Ukrainian presidential aide: Russia should be expelled from G20

Ukrainian presidential adviser Mykhailo Podolyak said after a new wave of Russian drone attacks on Ukrainian cities on Monday that Russia should be expelled from the Group of 20 major economies and other international groups.

Reuters

Joe Biden has ‘no plans’ to meet Saudi Arabia’s MBS at G20 summit

After OPEC+ decided to cut oil production, the US accused the Saudis of aligning with Russia, worsening their relations.

Al Jazeera

IMF meetings have exposed the fragmentation of the global economy

Countries have responded to a series of shocks by looking out for themselves, which could increase volatility and uncertainty

The Guardian - UK

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Saudi Arabia Calls for Limiting Global Supply Chain Disruptions to Protect Energy, Food Security

Saudi Finance Minister Mohammad Al-Jadaan said that he had emphasized the need to protect supply chains from any future disruptions during his participation in the recent meeting of G20 finance ministers in Washington. Concerns pertaining to the Covid-19 pandemic and its variants, in addition to geopolitical tensions, have increased supply…

Asharq Al-Awsat

India briefs G20 finance ministers and central bank governors on its 2023 agenda

WASHINGTON: India on Thursday briefed the finance ministers and central bank governors of G-20 countries about its agenda for the next year when it assumes the rotating annual presidency of the grouping.

The Times of India

Creditors say Chad does not need debt relief now given oil price surge

Chad's creditors on Thursday said they had agreed that the African country did not need debt relief at the moment given a surge in oil prices, but committed to reconvene if a financing gap was identified.

Reuters

G20 chair Indrawati says 'huge gaps' remain on Ukraine war, geopolitical issues

The Group of 20 major economies has "quite a lot of huge gaps" to bridge over geopolitical divisions, including the war in Ukraine, but remains in agreement over many financial issues, the group's chair said on Thursday.

Reuters

India will leave a mark on the world for years to come, says IMF MD

WASHINGTON: Amid rising geopolitical pressures and uncertainty surrounding the world, the International Monetary Fund's (IMF) managing director Kristalina Georgieva on Thursday said that the Indian economy will make a mark on the world for years to come.

The Times of India

Treasurer Jim Chalmers warns of US recession prior to meeting with G20 counterparts

Treasurer Jim Chalmers acknowledges the "deteriorating global economy and rising inflation" would put pressure on his upcoming budget, ruling out changes to legislated stage 3 tax cuts.

ABC News

Will Putin go to the G20? We'll see, says the Kremlin

The Kremlin said on Wednesday that it still remained to be seen if President Vladimir Putin would attend November's G20 summit on the resort island of Bali.

Reuters

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Al Jazeera

Biden says Putin unlikely to use nuclear weapons in Ukraine

Biden tells CNN the Russian president ‘miscalculated’ the war in Ukraine ‘significantly’.

Asharq Al-Awsat

IMF Confirms Saudi Economy’s Growth Forecast in Coming Years

The International Monetary Fund (IMF) confirmed its economic growth forecast for Saudi Arabia for the current year at 7.6 percent, the exact forecasts for July and April. Earlier, the Fund increased its expectations twice for the Saudi economy in 2022, making the Kingdom the only country among the G20 whose…

France 24

UN General Assembly condemns Russia's 'illegal annexation' of Ukrainian regions

The UN General Assembly has voted overwhelmingly in support of a resolution demanding that Russia reverse its annexation of four Ukrainian regions. Earlier, French President Emmanuel Macron said Paris would supply air defence systems to Ukraine in the coming weeks, urging Russia's Vladimir Putin to "return to the table" to…

The Hindu

Solutions by the people, for the people

Policy-making at all levels has to become more inclusive and less dominated by the powerful and the wealthy, while a paradigm shift is needed in problem solving at global and national levels

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Al Jazeera

‘Not fair’: Ghana slams West over low funding for climate change

Western countries said they will spend about $25bn by 2025 to help Africa adapt to climate change but pledged only $55m.

Reuters

Yellen calls on G20 to boost aid for food insecurity, offers debt freeze

U.S. Treasury Secretary Janet Yellen urged Group of 20 finance and agriculture ministers on Tuesday to take urgent steps to help the 70 million people at risk of acute food insecurity as a result of Russian President Vladimir Putin's war in Ukraine.

The Hindu

Held talks on Ukraine, its repercussions in Indo-Pacific region: EAM Jaishankar in Australia

External Affairs Minister S. Jaishankar arrived in Canberra on Monday where he will hold talks with the top leadership of Australia

The Hindu

The coalition of the world

India’s Presidency of the G20, SCO and UNSC is a historic opportunity for reinventing the United Nations

The Hindu

India can lead G20 on education, climate and debt sustainability: World Bank President

World Bank President David Malpass points to India’s involvement in restructuring debts in Sri Lanka and it being a major creditor to African nations; calls the country a leader in education

The Hindu

Is India in a bind over its relations with Russia?

On October 1, when India abstained from voting at the United Nations Security Council on a draft res

Asharq Al-Awsat

UN Sec-Gen Warns Of ‘Climate Chaos’ Ahead of COP 27

Weeks away from the 27th session of the UN Climate Conference (COP 27) in Sharm el-Sheikh, UN Secretary-General Antonio Guterres warned of "climate chaos," explaining that the increasing emissions are at "an all-time high and rising." He called on G20 of the world's wealthiest developed countries, companies, and investors to…

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