world suffers ‘huge crisis of confidence’, says Modi

by time news

2023-09-09 12:07:03

Indian Prime Minister Narendra Modi warned that the world is suffering from a “huge crisis of confidence” in his opening speech at the G20 summit this Saturday in New Delhi, and called for joining efforts to overcome the multiple threats it faces. the international community.

First modification: 09/09/2023 – 12:07

2 min

“The world has a huge crisis of confidence,” Modi said before the leaders of the world’s 20 largest economies, or the emissaries sent by some countries on their behalf.

“The war (due to the Russian invasion against Ukraine) has deepened this trust deficit. If we could defeat Covid, we can also overcome this crisis of mutual trust,” he said.

The two-day meeting in New Delhi highlighted the polarization that the world faces over issues such as the war in Ukraine and climate change, and the difficulty in finding consensus.

Latin America is represented in the G20 by the presidents of Argentina, Alberto Fernández, and Brazil, Luiz Inácio Lula da Silva. The Mexican president Andrés Manuel López Obrador does not participate in the meeting, despite the fact that his country is also a member of this forum of large economies.

At the beginning of the summit, Modi tried to convince countries of the need to find common solutions to global problems.

“Whether it is the turbulence of the global economy or the North-South divide, the gap between East and West (…) Terrorism, cybersecurity, health, energy, access to water, we have to find concrete solutions to these challenges, not only for now, for future generations,” Modi said.

In the opening session, the Indian leader formalized the incorporation of the African Union (AU) as a member of the G20, an initiative that had broad support in the group.

“With everyone’s approval, I ask the AU chief to take his seat as a permanent member of the G20,” Modi said before hugging Comoros President Azali Assoumani, who chairs the African bloc.

The G20 was born in the midst of the 2008 financial crisis as a mechanism to stabilize the world economy. But over the years, it has demonstrated its limits in reaching consensus between dissimilar partners.

The differences between the member countries became evident before this summit when Chinese President Xi Jinping declined to attend without giving an official explanation, although analysts point to historical border disputes between his country and India as the reason.

The Russian president, Vladimir Putin, did not attend either and will be represented by his Foreign Minister, Sergei Lavrov.

The summit takes place in a context of global concern about global warming.

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