Current Context : The 2024 G20 Summit, hosted in Rio de Janeiro, Brazil, concluded with the adoption of the Rio de Janeiro Declaration.

Theme : “Building a Just World and a Sustainable Planet”, reflecting its focus on equity, climate action, and global reforms.

Focus Areas of the Summit :

Social Inclusion and Poverty Eradication:

• Global Alliance Against Hunger and Poverty: Aimed to provide cash transfers to 500 million low-income people and school meals to 150 million children by 2030.
• Focused on sanitation, drinking water access, and addressing racial inequalities.

Climate Action and Energy Transition:

• Established Task Force for Global Mobilization Against Climate Change to boost private capital flow for climate initiatives.
• Reaffirmed the Paris Agreement and committed to phasing out inefficient fossil fuel subsidies.
• Supported COP30 to be held in 2025 in Belém, Brazil.

Reform of Global Governance:

• Committed to reform the UN Security Council for inclusivity and accountability.
• Endorsed the G20 Roadmap for Multilateral Development Banks (MDBs)to enhance support for development goals.

Economic Measures:

• Introduced progressive taxation for billionaires to reduce global inequalities.
• Advocated for ethical development and application of artificial intelligence.