PM in SA for G20, says will present 'One Future' vision, Pg8

Key Highlights:

• Prime Minister Modi arrived in Johannesburg to attend the 20th G20 Leaders’ Summit.
• Modi will present India’s vision of 'Vasudhaiva Kutumbakam' and 'One Earth, One Family, One Future'.
• This is the first G20 Summit being held in Africa.
• The summit will take place from November 21 to 23.
• The theme of this year’s G20 is ‘Solidarity, Equality and Sustainability’.

Detailed Insights:

• The African Union became a member of the G20 during India’s Presidency in 2023.
• South Africa assumed the G20 presidency in December 2024, emphasizing development issues relevant to Africa.
• The summit priorities include strengthening disaster resilience, ensuring debt sustainability for low-income countries, mobilizing finance for just energy transition, and harnessing critical minerals for inclusive growth.
• The summit will address the review of the work of the G20 in the first cycle and the issue of high cost of capital in developing countries.
• On the margins of the summit, the Prime Minister is expected to hold bilateral meetings with leaders including new Japanese PM Sanae Takaichi.
• He will also attend the sixth IBSA (India, Brazil and South Africa) Summit during his visit.

Key Concepts Involved:

• G20: An intergovernmental forum of the world's major developed and developing economies.
• Vasudhaiva Kutumbakam: A Sanskrit phrase meaning "the world is one family".
• IBSA: A trilateral forum for international cooperation among India, Brazil, and South Africa.