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Manoj Singh Khetwal asked: How is the New Delhi G20 Declaration different from the Bali Declaration?

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  • Rajeesh Kumar replies: The G20 functions on a troika basis, with declarations typically serving as a continuation of the themes and priorities from the previous summits, resulting in a lack of substantial differences between them. Nonetheless, there can be new elements incorporated into these statements. The Delhi Declaration, on many key issues, serves as an extension of the foundation laid by previous summits, reflecting the G20's commitment to continuity and coherence in its collective efforts. For instance, on economic and financial issues, both Bali and Delhi declarations emphasized equitable growth and enhancing macroeconomic and financial stability. Similarly, on climate change, both declarations underscored the imperative to expedite global commitments to promote affordable financing options for developing nations, aiding their shift towards low-carbon solutions.

    However, there are also notable differences between them. For instance, the Delhi Declaration varies from the Bali Declaration by toning down its condemnation of Russia's war in Ukraine. It emphasized the G20's role as the primary platform for international economic cooperation, with member countries recognizing that global security issues can affect the economy. Similarly, the Delhi Declaration stands apart from the Bali Declaration by endorsing recommendations to enhance financial inclusion and productivity through Digital Payment Infrastructure. It prioritizes responsible technological innovation, particularly innovative payment systems, to drive financial inclusion for marginalized communities and cut remittance costs.

    In short, the Delhi Declaration maintains the tradition of building upon previous summits but differs from the Bali Declaration by toning down its condemnation of Russia's war in Ukraine. It emphasizes the G20's role in international economic cooperation and focuses on digital payment infrastructure for financial inclusion. These differences reflect evolving priorities within the G20.

    Posted on October 31, 2023

    Views expressed are of the expert and do not necessarily reflect the views of the Manohar Parrikar IDSA or the Government of India.