Prime Minister Narendra Modi is expected to give a clarion call to the global community to strengthen international cooperation and enhance coordinated action against fugitive economic offenders and terrorism financing as he is set to attend the G-20 Summit in Buenos Aires beginning on Friday.
In a statement ahead of his departure for Argentina, Modi said he would also highlight the need for reformed multilateralism which reflected the contemporary realities and could effectively strengthen collective action for global good.
He said emerging economies, which played a major role in revitalising the growth in the global economy pursuant to the financial crisis, were today facing unprecedented economic and technological challenges.
The PM said he looked forward to meeting leaders from other G-20 countries to review the work of grouping in the last ten years of its existence and chart the ways and means to meet the new and upcoming challenges of the coming decade. “We will deliberate on the situation of global economy and trade, international financial and tax systems, the future of work, women empowerment, infrastructure and sustainable development,’’ he added.
Modi said the G-20 sought to promote multi-faceted cooperation among the twenty largest economies of the world. Through the ten years of its existence, G-20 has strived to promote stable and sustainable global growth. This objective was of particular significance for developing countries and emerging economies such as India, which was today the fastest growing large economy in the world, he noted.
I would be taking part in the G-20 Summit in Argentina from 29th November to 1st December. During the Summit, important issues relating to sustainable development, the global economy, women empowerment would be discussed. https://t.co/jyPvgYQCO3 @g20org
— Narendra Modi (@narendramodi) November 27, 2018
The PM said India’s contribution to global economic growth and prosperity underlined India’s commitment to “Building Consensus for Fair and Sustainable Development”, which was the theme of the Summit.
Modi said he looked forward to meeting several world leaders on the sidelines of the summit to exchange views on bilateral matters of mutual interest. Foreign Secretary Vijay Gokhale has confirmed that Modi would meet Chinese President Xi Jinping, German Chancellor Angela Merkel and many other leaders during his stay in Buenos Aires.
US National Security Adviser John Bolton, meanwhile, said Modi, US President Donald Trump and Japanese Prime Minister Shinzo Abe would be holding a rare and their first trilateral meeting on the margins of the G-20 Summit.