Probably the G-20 summit to date with the most uncertain atmosphere concluded on Sunday amid the continuing woes of the Russia-Ukraine war, shifting regional balances, and the intensifying battle for global supremacy between the US and China. Even though the G-20 is, at its core, primarily concerned with economic issues, the political ramifications of its decisions and its influence are hard to ignore. The EU, India, Saudi Arabia, the UAE, US and other G20 partners signed the memorandum of understanding on the India-Middle East-Europe Economic Corridor, or IMEC for short. Africa’s entryThe African Union (AU), which has 55 members, was formally announced as a permanent member of the G-20. “We commit to accelerating clean, sustainable, just, affordable and inclusive energy transitions following various pathways, as a means of enabling strong, sustainable, balanced and inclusive growth and achieve our climate objectives,” read the statement.

Source: The Nation September 12, 2023 18:24 UTC