NEW DELHI: At the bloc’s summit in New Delhi on Saturday( Sep 9 ), Indian Prime Minister Narendra Modi announced that the African Union, which includes the richest and most powerful nations in the world, had been made a permanent member of the G20.
The African Union, a western entity with 55 member states, is currently the only local alliance with full account, sharing the same position as the European Union. Its past name was” invited foreign organization.”
In his opening notes at the conference, Modi invited the AU, which was chaired by Azali Assoumani, to join the G20 leaders as permanent members.
” Honored to accept the African Union as a long-term ally of the G20 Family.” According to a message posted on Modi’s official Twitter account on the social media site X, this will improve the G20 and the tone of the Global South.
Modi suggested the action in June.
The draft resolution recognizing the African Union as a permanent part was cited by Reuters earlier.
More loans to developing countries by international institutions, a reform of the foreign debt architecture, regulations on cryptocurrencies, and the effect of geopolitics on food and energy security are among the various issues being decided upon at the summit.
The 38-page draft that was distributed among the people left the” political scenario” paragraph blank, reflecting intense disagreement over the war in Ukraine, but 75 other sections showed widespread agreement on topics like cryptocurrencies and changes in international development banks.
Previously, the G20 included 19 nations and the European Union, with its members accounting for roughly 2 / 3 of the world’s population, more than 75 % of global trade, and about 85 % of GDP. & nbsp,