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- At the G-20 Sherpa meet in Hampi officials prepared the G-20 draft and related development agenda.
- However two contentious paragraphs dealing with Ukraine were to be decided in the 4th and final Sherpa meeting in September.
- The 4th and final G-20 Sherpa meeting would be held in September 2023 in New Delhi India.
- Officials are expecting a compromise between the G-7 countries and the Russia-China combine.
Hope for Joint Declaration
- They are confident to reach to a joint declaration regarding the same.
- The expectations of such joint declaration are heightened because of various reasons -
- It was supported by some countries during bilateral meetings.
- Favourable sofa talks between representatives of countries.
- Brazil and Russia suggested a possible compromise
- Brazil will play an important role in September summit as a host to next year’s G-20 meet.
Position of Sherpa on such geopolitical discussions -
- No need to waste much time now to discuss such issues like Russia and Ukraine.
- Five different proposals for possible language are already created.
- There are many other important issues for developing countries and emerging markets such as
- Debt vulnerability.
- Inclusive growth.
- Gender empowerment.
- Sustainable development goals.
- Green transition
- A common ground is needed to secure international peace and security.
- Earlier it was discussed and most members agreed that in the development forum security issues should not be discussed.
- Also most of the countries agree that the impact of U.S. and European sanctions on the global economy should not be discussed.
- S.-led G-7 countries were of a different opinion as they believe security issues in Ukraine have become developmental challenges. This is because of
- Rise of inflation including food.
- Shortage of fuel and fertilizer.
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