India will host the G20 Summit in 2022, Prime Minister Narendra Modi announced during a meeting of G20 member nations in Buenos Aires, Argentina, over the weekend. He said, “ It’s India’s 75th Independence Day in 2022, and we had requested Italy if we can get ’22 instead of ’21 (for hosting G20 summit).They accepted our request, others accepted it too. I’m grateful and I invite leadership from across the world to come to India in 2022”. While Italy was supposed to host the global summit in 2022. After Italy agreed to let India host the summit in 2022, Modi thanked the European country for doing so.
Addressing G20 member states, the Indian Prime Minister stressed on cooperation among G20 countries on issues related to global economy, trade tensions, crude oil prices and terrorism and fugitive economic offenders. India’s G20 sherpa has said, Shaktikanta Das said, “He highlighted the threat of increasing financial vulnerabilities, mainly arising from monetary policies of advanced economies and oil price volatility. The prime minister also emphasized on unsynchronized policies of advanced economies and the uneven pace of revival of economies of various countries.” He added that Modi stressed on escalating trade tensions and its resultant and collateral damages it caused to the least developed countries and other emerging economies.
Modi stated that any instability in the crude oil prices put big pressure on the budgetary resources and domestic finances of the emerging economies. He also appealed for reforming the World Trade Organisation (WTO) and sought dialogue on trade and service in promoting global value chain in the agricultural sector.
Speaking at the G20 summit, Modi also presented a nine-point action programme against fugitive economic offenders at the second session of the event. He said there was a need for a joint effort by member countries to form a mechanism that denies entry and safe havens to all fugitive economic offenders. India is curently pressing for the extradition of high-profile fugitive economic offenders including Nirav Modi, Mehul Choksi and Vijay Mallya among others.
On the sidelines of the summit, Modi met UN Secretary General Antonio Guterres, and the Crown Prince of Saudi Arabia Mohammed bin Salman Al Saud. “UN Secretary General Antonio Guterres met PM Narendra Modi in Buenos Aires on the sidelines of the G20 Summit. Discussed India’s uniting role in addressing climate change globally, with specific reference to the forthcoming COP24 meeting in Katowice, Poland,” MEA spokesman Raveesh Kumar tweeted. While he and Prince Salman discussed enhancing Saudi investment in technology, infrastructure, petroleum, renewable energy, food security, fintech and defenec sectors, the MEA spokesman said.
Prime Minister Modi will also met the BRICS heads of state and governments, and addressed a large gathering at the ‘Yoga For Peace’ event in Buenos Aires organised by the Art of Living.
