G20 presidency: An opportunity for India to assume leadership of the Global South
In an address to the G20 Leaders’ Summit in Bali, the Indian PM acknowledges the growing importance of the new world, looking to reform multilateral institutions.
New World Order
- Failure to reform multilateral institutions: Due to a lack of global consensus on the way forward, institutions like the UN have failed to deliver on many occasions.
- Fault-lines: The world is divided over the situation in Ukraine. For developing nations, the consequences of food, energy, and fertilizer shortages are the primary concern.
- G20 Presidency: It provides an opportunity for India to assume the mantle of a peace-maker on behalf of the Global South at times when the UN is lacking credibility.