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Key takeaways from the IMF/World Bank meetings
  + stars: | 2023-10-14 | by ( ) www.reuters.com   time to read: +5 min
Global inflation is seen dropping from 6.9% this year to a still-high 5.8% next. Italian central bank governor Ignazio Visco said there was an impression markets were "reevaluating the term premium" as investors become more nervous about holding longer term debt. One debt restructuring deal emerged: Zambia finally agreed a debt rework memorandum of understanding with creditors including China and France. Sri Lanka said on Thursday it reached an agreement with the Export-Import Bank of China covering about $4.2 billion of debt, while talks with other official creditors are stalling. There was much talk ahead of Marrakech on revamping the IMF and World Bank to better reflect the emergence of economies like China and Brazil.
Persons: Ajay Banga, Mercy Tembon, Finance Serhiy Marchenko, Ceda Ogada, Kristalina Georgieva, Pierre, Olivier Gourinchas, Ignazio Visco, Joyce Chang, Vitor Gaspar, Mehmet Simsek, Murat Ulgen, Kate Donald, Ahmed El Jechtimi, Andrea Shalal, David Lawder, Leika Kihara, Elisa Martinuzzi, Rachel Savage, Jorgelina, Rosario, Balazs Koranyi, Mark John, Christina Fincher Organizations: Bank, Finance, International Monetary Fund, Emerging, Research, HSBC, Reuters, Export, Import Bank of, World Bank, Oxfam International's Washington DC Office, Thomson Locations: Ukraine, MARRAKECH, Morocco, Moroccan, Marrakech, Israel, Central, United States, China, Italy, Italian, Turkey, Kenya, Zambia, France, Sri Lanka, Import Bank of China, Brazil, U.S
China, whose economy is now three times the size it was in 2010, continued to push for more IMF shares. IMFC members agreed to add a third IMF Executive Board chair to represent African countries, a key sweetener for the U.S. "equi-proportional quota plan. Pan said China supported this move but it was a separate issue from the shareholding formula. It also called for the IMF's Executive Board to propose options for changes to the shareholding formula by June 2025. This would accelerate the next five-year review of quotas and meet IMF Managing Director Kristalina Georgieva's call for a deadline on adjusting its shareholding to preserve its credibility.
Persons: Nadia Calvino, Kristalina Georgieva, Pan Gongsheng, Pan, Kristalina, Georgieva, David Lawder, Andrea Shalal, Sharon Singleton, Christina Fincher, Franklin Paul, Diane Craft Organizations: Monetary, Financial, International Monetary Fund, World Bank, Monetary Fund, IMF, Fund, The U.S . Treasury, People's Bank of China, Beijing, IMF's, U.S . Treasury, United Arab, Thomson Locations: Marrakech, Morocco, MARRAKECH, U.S, China, CHINA, The U.S, India, Ukraine, Israel, Gaza, United Arab Emirates
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Organizations: U.S . News, U.S News
US accuses China of global media manipulation
  + stars: | 2023-09-28 | by ( Michael Martina | ) www.reuters.com   time to read: +2 min
Mark Schiefelbein/Pool via REUTERS/File Photo Acquire Licensing RightsWASHINGTON, Sept 28 (Reuters) - China is manipulating global media through censorship, data harvesting and covert purchases of foreign news outlets, the United States said on Thursday, warning the trend could lead to a "sharp contraction" of global freedom of expression. Chinese leaders have sought to combat the negative images of China they feel are spread by world media. It had also invested in satellite networks and digital television services in developing regions that prioritize Chinese state-backed media content. Chinese data harvesting overseas "has enabled Beijing to fine-tune global censorship by targeting specific individuals and organizations," it said. "Unchecked, Beijing's efforts could result in .... a sharp contraction of global freedom of expression," the report said.
Persons: Janet Yellen, Mark Schiefelbein, Michael Martina, Cynthia Osterman Organizations: Treasury, Rights, U.S . State Department, NATO, Global, Center, Thomson Locations: United States, Diaoyutai, Beijing, China, Washington, U.S, .
CNN —South Korean President Yoon Suk Yeol warned on Wednesday that his country and its allies “will not stand idly by” if North Korea receives Russian help to boost its weapons of mass destruction – just days after the leaders of the two nuclear-armed nations held a closely watched summit. North Korean leader Kim Jong Un traveled to Russia last week for a meeting with President Vladimir Putin. US Secretary of State Antony Blinken echoed Yoon’s call to reform the UN Security council during his address at the UNGA, and accused Russia of seeking weapons from North Korea. Still, the talks signaled closer relations between the two countries, both of which face international isolation – Russia for its invasion of Ukraine and North Korea for its nuclear weapons and ballistic missile program. As the war drags on, Moscow is desperate for fresh supplies of ammunition – while North Korea ramps up its weapons testing program, eager to advance its nuclear ambitions.
Persons: Yoon Suk Yeol, , Kim Jong Un, Vladimir Putin, Yoon, ” Yoon, North Korea “, Antony Blinken, Putin, Dmitry Peskov Organizations: CNN, South, Ukraine –, United Nations General Assembly, UN Security, UN Security Council, UN Locations: Korea, Russia, Moscow, Pyongyang, South Korea, New York, North Korea, Ukraine, Republic of Korea
Video Ad Feedback See moment Putin greets Kim at Russian space port 00:46 - Source: CNNAnd there’s potential of something in return for Pyongyang. Kim’s regime is heavily isolated: Multiple rounds of sanctions have targeted North Korea over its nuclear and ballistic missile programs. Even Russia has signed on to North Korean sanctions in the past. So we are still dealing with a major unknown when it comes to a potential technology exchange between North Korea and Russia. The US believes Pyongyang has already been a player in the Ukraine war, providing the Russian mercenary group Wagner with arms.
Persons: Vladimir Putin, Kim Jong, Putin, Kim, ” –, Sergei Shoigu, Russia –, It’s, , ” Putin, Mort Sahl, Wernher von Braun, Reuters Von, Wagner, Yevgeny Prigozhin Organizations: CNN, North, Vostochny, North Korean, Ukraine, Russian, NATO, North Korea “, Nazi, Reuters Locations: Amur, Russia, Russia’s Far, Pyongyang, Ukraine, Korea, North Korea, England, , Russian, Europe
It’s true that the Ukrainian counteroffensive debuted with conspicuous setbacks and hasn’t advanced as much as hoped. Moreover, land seized by Russia earlier has been used to strike ever deeper into Ukraine, making restoring defensible borders an existential concern. But Kyiv got the ammunition needed to sustain the counteroffensive longer while awaiting expanded factory production of conventional shells in 2024. Putin miscalculated disastrously when he invaded in Ukraine, so he’s now hoping to outlast Western support for Ukraine to rescue what spoils he can. But failing to do so now could entail the US, Europe and Ukraine paying a much higher price later.
Persons: Sébastien Roblin, CNN —, Ukraine’s, Sebastien Roblin, wail, Vladimir Putin, hasn’t, Ukraine didn’t, Sergei Shoigu, Valery Gerasimov, Biden, Bradley, Abrams, Putin miscalculated, he’s, Donald Trump, George McClellan, McClellan Organizations: Georgetown University, Peace Corps, CNN, Kremlin, GOP, Ukrainian, Engineers, British Royal United Services Institute, Defense, US, Lincoln Locations: China, Ukraine, Washington, Russia, Kherson, Ukrainian, Crimea, India, Robotyne, Verbove, Tokmak, Melitopol, NATO, British, Europe, Appomattox
When a devastating earthquake hit Morocco on Friday night, killing more than 2,900 people, King Mohammed VI was in Paris, where he spends a great deal of his time. It took him most of a day to return to his country and make his only public statement so far — a terse communiqué. Later on Saturday, television showed him presiding over a cabinet meeting, but there was no sound. But his low visibility and silence, coupled with the government’s response to the earthquake, have been criticized, with some saying officials are paralyzed because they are awaiting authorization for action from the king. Moroccan officials argue that they are on top of the crisis and will ask for help as they need it, adding that the king was guiding the response from the beginning.
Persons: King Mohammed VI Locations: Morocco, Paris
U.S. President Joe Biden, Indian Prime Minister Narendra Modi and President of the European Union Ursula von der Leyen attend the G20 summit in New Delhi, India, September 9, 2023. The summit declaration avoided condemning Russia for the war in Ukraine but highlighted the human suffering the conflict had caused and called on all states not to use force to grab territory. A failure to agree on a summit declaration would have signalled that the G20 was split, perhaps irrevocably, between the West on one side and China and Russia on the other, analysts said. Diplomats have said negotiators from India, Indonesia, Brazil and South Africa drove the consensus in the summit document. Despite the lack of concrete progress, Harsh Vardhan Shringla, India's chief G20 coordinator, said the meeting did take the group forward.
Persons: Joe Biden, Narendra Modi, Ursula von der Leyen, Evelyn Hockstein, Michael Froman, Svetlana Lukash, Lukash, Patryk Kugiel, ” Kugiel, Sergei Lavrov, Vladimir Putin, India's, Xi Jinping, Li Qiang, Vardhan, , Michel Rose, Aftab Ahmed, Raju Gopalakrishnan Organizations: Indian, European, REUTERS, Diplomats, African Union, India, Foreign Relations, Shanghai Cooperation Organisation, Russian G20, Polish Institute of International Affairs, Xinhua, Reuters, Thomson Locations: New Delhi, India, DELHI, Ukraine, Russia, York, U.S, China, Beijing, Russian, Warsaw, Delhi, Indonesia, Brazil, South Africa, Germany, Britain
But most concurred it was a foreign policy triumph for Modi as he pushes to increase India’s influence on the world stage. “India’s statement embodies the voice of the emerging Global South” said Derek Grossman, an analyst focused on the Indo-Pacific at the RAND Corporation. “It’s emerging as a successful case study of Western and non-Western powers and the Global South working together to pursue shared goals,” he said. Russian President Vladimir Putin and China's leader Xi Jinping skipped the G20 summit this year. Heading into the summit, Modi had argued that the developing countries should have more say, noting that they are disproportionately impacted by many crises including climate change, food shortages and rising energy prices.
Persons: , Narendra Modi, Rishi Sunak, Olaf Scholz, Subrahmanyam Jaishankar, , Amitabh Kant, Modi, , Derek Grossman, Michael Kugelman, Wilson, Vladimir Putin, Xi Jinping, Sergey Lavrov, India's, ” Lavrov, Michael Schuman, ” Schuman, ” Kugelman, Krutika Pathi, Adam Schreck, Joanna Kozlowska Organizations: DELHI, British, United, Russia, RAND Corporation, Beijing, , Union, South Asia Institute, Global, Russian, Atlantic, European Union, , Associated Press Locations: Ukraine, Russia, China, Moscow, United Nations, India, New Delhi, Brazil, South Africa, Beijing, London
A more fragmented global economy though, has limited global trade growth — which now lags global economic growth. "What is important is to do it for the benefit of everybody, and not for exclusion of others," she said. "In that sense, I would encourage all countries working collaboratively with each other to do so in the spirit of integrated economy." Virtuous cycleIn reality, this Biden-backed economic corridor would add to existing infrastructure investment for the regions involved. "And I call on our members to strengthen the global financial safety net," Georgieva separately said Sunday in a press release, released shortly after the G20 summit formally ended.
Persons: Narendra Modi, Kristalina, Evan Vucci, The, Kristalina Georgieva, Joe Biden's, Georgieva, CNBC's Martin Soong, Biden, Modi Organizations: India's, Monetary Fund, Bharat, Afp, Getty, The Biden, International Monetary Fund's, Indian, European Union and, United Arab Emirates, Biden, CNBC, IMF Locations: New Delhi, India, Israel, Jordan, Saudi Arabia, U.S, Covid, Ukraine, Delhi
While a major climate policy breakthrough appears unlikely at the G20 summit this weekend, experts do expect less-wealthy countries to continue pressing richer ones to provide more climate financing. Last year, rich countries agreed at a climate summit in Egypt to establish a fund that would help poor, vulnerable countries cope with climate disasters made worse by pollution from wealthy nations. “Ambitions for climate action must be matched with actions on climate finance and transfer of technology,” he wrote. But a meeting of climate ministers from G20 countries in India earlier this summer failed to produce consensus on climate-mitigation targets. There was some progress on climate finance at a G20 summit in Rome two years ago, where leaders said they would end the financing of coal power plants overseas.
Persons: Narendra Modi, Organizations: European Union Locations: United States, Egypt, Tuvalu, Chad, Pakistan, Pacific, India, Paris, Rome
India's Prime Minister Narendra Modi (2L) addresses the opening session of the G20 Leaders' Summit at the Bharat Mandapam in New Delhi on September 9, 2023. NEW DELHI — Indian Prime Minister Narendra Modi said Saturday the Group of 20 nations had reached a consensus on a joint declaration, despite differences over the war in Ukraine. Modi offered no other details on the exact wording of the communique, but the announcement suggests G20 member states have agreed on the substance of the outcome of this weekend's leaders' summit in Delhi. A press conference is scheduled to take place later on Saturday, where more details will likely be released. This is a breaking news story, please check back later for more.
Persons: Narendra Modi, Modi Organizations: India's, Bharat, NEW, Indian, Saturday Locations: New Delhi, NEW DELHI, Ukraine, Delhi, India
Indian Prime Minister Narendra Modi announced that the Leaders' Declaration had been adopted on the first day of the weekend G20 summit in New Delhi. "On the back of the hard work of all the teams, we have received consensus on the G20 Leaders Summit Declaration. British Prime Minister Rishi Sunak said the declaration had "very strong language about Russia's illegal war in Ukraine". The declaration also called for the implementation of the Black Sea initiative for the safe flow of grain, food and fertiliser from Ukraine and Russia. Despite the compromise over the Leaders' Declaration, the summit had been expected to be dominated by the West and its allies.
Persons: Narendra Modi, Joe Biden, Evan Vucci, Germany's Scholz, Modi, Olaf Scholz, Rishi Sunak, Sergei Lavrov, Subrahmanyam Jaishankar, India's, Biden, Xi Jinping, Li Qiang, Russia's Vladimir Putin, Scholz, Sunak, Emmanuel Macron, Saudi Arabia's Mohammed Bin Salman, Japan's Fumio, Jon, Manoj Kumar, Katya Golubkova, Krishn Kaushik, Mayank Bhardwaj, Michel Rose, Raju Gopalakrishnan, Sanjeev Miglani, Jacqueline Wong, Kim Coghill, Alexander Smith Organizations: Indian, REUTERS Acquire, British, Foreign, INDIA, India's sherpa, Bharat, African Union, West, United Arab, Thomson Locations: New Delhi, India, Ukraine, Russia, DELHI, Ukrainian, Moscow, CHINA, China, Brazil, South Africa, Indonesia, Saudi, U.S, Delhi, Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, United Arab Emirates
[1/3] A general view of the venue for the G20 summit in New Delhi, India, September 9, 2023. According to a draft of the summit declaration reviewed by Reuters, negotiators were unable to resolve disagreements over the wording on the war in Ukraine, leaving it to the leaders to reach a compromise if possible. According to another senior source in one of the G20 countries, the paragraph on the war on Ukraine had been agreed by Western countries and sent to Russia for its views. The official said Russia had the option to accept Western countries' views and give its dissent as part of the statement. The two-day summit is expected to be dominated by the West and its allies.
Persons: Amit Dave, Joe Biden, Biden, Sergei Lavrov, Creon Butler, Xi Jinping, Li Qiang, Russia's Vladimir Putin, Olaf Scholz, Emmanuel Macron, Rishi Sunak, Saudi Arabia's Mohammed Bin Salman, Japan's Fumio, Narendra Modi's, Manoj Kumar, Katya Golubkova, Krishn Kaushik, Raju Gopalakrishnan, Sanjeev Miglani, Jacqueline Wong Organizations: REUTERS, Bharat, Reuters, White, Foreign, West, British, Thomson Locations: New Delhi, India, DELHI, India's, Ukraine, Delhi, Russia, Western, EU, Saudi, China, Moscow
While a major climate policy breakthrough appears unlikely at the G20 summit this weekend, experts do expect less-wealthy countries to continue pressing richer ones to provide more climate financing. In an article published in Indian newspapers on Thursday, Prime Minister Narendra Modi of India appeared to signal that climate finance would be a priority this weekend. “Ambitions for climate action must be matched with actions on climate finance and transfer of technology,” he wrote. But a meeting of climate ministers from G20 countries in India earlier this summer failed to produce consensus on climate-mitigation targets. There was some progress on climate finance at a G20 summit in Rome two years ago, where leaders said they would end the financing of coal power plants overseas.
Persons: Narendra Modi, Organizations: European Union Locations: United States, Egypt, Tuvalu, Chad, Pakistan, Pacific, India, Paris, Rome
Indian Prime Minister Narendra Modi, this year’s host, has pledged not to let Ukraine overshadow the needs of the mostly developing nations in the so-called “ Global South,” but many of those issues are closely affected by the war. Russia's attack on Ukraine and China's growing assertiveness in the Asia-Pacific region have added friction, pitting some of the most powerful G20 countries directly against each other diplomatically, Lesser said. About half of the G20 countries are found in the Global South — depending on how one defines it — and Modi hopes to add the African Union as a bloc member. In preparation, he held a virtual “Voice of the Global South” summit in January and in working groups has targeted issues critical to developing nations, including alternative fuels like hydrogen, resource efficiency, developing a common framework for digital public infrastructure and food security. “While a yearlong presidency cannot solve all the problems of the Global South, India has managed to set the ball rolling on some of these issues, and individual G20 countries can carry forward the work,” she said.
Persons: — It’s, Narendra Modi, , Nazia Hussain, Volodymyr Zelenskyy, Modi, Joe Biden's, Justin Trudeau, Zelenskyy, “ I’m, Ian Lesser, Lesser, Vladimir Putin, Xi Jinping, Li Qiang, Xi, , ” Hussain, Jake Sullivan, Sullivan, Biden, Putin, Hussain Organizations: DELHI, Group, Indian, Global, Singapore's, Rajaratnam, of International Studies, European Union, White, German Marshall Fund, United Arab, Foreign Ministry, U.S, Union, . National, World Bank, International Monetary Fund Locations: Ukraine, “ New Delhi, Russia, China, Bali, India, Brussels, U.S, Canada, Britain, Japan, Germany, Asia, Pacific, Brazil, South Africa, Iran, Saudi Arabia, United Arab Emirates, Argentina, Egypt, Ethiopia, Beijing, BRICS, Moscow
Chinese leader Xi Jinping will be absent from the gathering, with Beijing giving no reason for the surprise miss – a move widely seen as a snub to India. Nevertheless, analysts say the gathering affords Modi a unique chance to shine on the world stage and flex India’s geopolitical muscle. India can act as a bridge,” said Kajari Kamal, associate professor at the Takshashila Institution in India. “For a long time, India was perceived as a nation of over 1 billion hungry stomachs,” Modi said in an interview with the Press Trust of India on Sunday. “It’s giving a great boost to infrastructure domestically, and to the world, it’s showcasing India’s culture and its rich heritage,” she added.
Persons: Narendra Modi, Modi, Modi’s statecraft, Xi Jinping, Vladimir Putin, Joe Biden, Mikhail Svetlov, , Kajari Kamal, , ” Modi, , Kamal, It’s, Putin, Biden, Akhil Ramesh, Xi, Putin –, Michael Kugelman, it’s, Ramesh Organizations: CNN, Indian, Beijing, Kremlin, East, Takshashila, Press Trust of India, Pacific Forum, South Asia Institute, Wilson Center, Ukraine, White, Shanghai Cooperation Organization, SCO, Union, Pacific Locations: New Delhi, Ukraine, China, Russia, India, Russian, Moscow, Osaka, Japan, South, , Australia, United States, Britain, East, Honolulu, Washington, Kremlin Moscow, Delhi
[1/3] A model of G20 is pictured outside ITC Maurya hotel ahead of the G20 Summit in New Delhi, India, September 8, 2023. Chinese President Xi Jinping is skipping the meeting and sending Premier Li Qiang instead, while Russia's Vladimir Putin will also be absent. The most important thing that can be done to support global economic growth is for Russia to end its brutal war in Ukraine, she said. The IMF has forecast lower growth for most G20 nations this year than in 2022. It is difficult to predict whether leaders will reach a consensus on a declaration but EU will support efforts made by India for a final communique, Michel told reporters in New Delhi.
Persons: Amit Dave, Xi Jinping, Li Qiang, Russia's Vladimir Putin, Joe Biden, Olaf Scholz, Emmanuel Macron, Saudi Arabia's Mohammed Bin Salman, Japan's Fumio, Rishi Sunak, Narendra Modi, Janet Yellen, saidWashington, Yellen, Charles Michel, Michel, Nikunj Ohri, Manoj Kumar, Krishn Kaushik, Aftab Ahmed, YP Rajesh, Kim Coghill Organizations: REUTERS, West, U.S, Financial Times, Treasury, IMF, Reuters, YP, Thomson Locations: New Delhi, India, DELHI, Ukraine, Saudi, Russia, U.S, Moscow
Indian artist Jagjot Singh Rubal gives final touches to an oil painting of U.S. President Joe Biden, at his workshop in Amritsar on September 5, 2023, ahead of the two-day G20 summit in New Delhi. The pair's absence has sparked fears that a communique binding member states may not be issued at the end of a G20 leaders' summit — undercutting India's clout and diminishing his domestic messaging. At a pre-summit press conference Friday, India's G20 sherpa Amitabh Kant said the final declaration "is almost ready." In their joint statement after their Friday bilateral meeting, Biden and Modi "reaffirmed their commitment to the G20." Despite recently traveling to South Africa for a BRICS meeting, Xi has rarely traveled abroad.
Persons: Jagjot Singh Rubal, Joe Biden, Narinder Nanu, Narendra Modi, Biden, Bangladesh —, Modi, Vladimir Putin, Xi Jinping, Putin, Sergey Lavrov, China Premier Li Qiang, Xi, India's, Amitabh Kant, Kant, snubbing Modi, Taiwan — Organizations: Afp, Getty, Indian, U.S, International Monetary Fund, African Union, Global, China Premier Locations: Amritsar, New Delhi, Narinder, Delhi, Washington, Australia, India, Japan, U.S, Mauritius, Bangladesh, China, , Russian, Russia, Ukraine, Germany, France, South Africa, Beijing —, Zambia, Venezuela, Malaysia, Philippines, Vietnam, Taiwan, Beijing
A Meeting of World Leaders, With Two Major Absences
  + stars: | 2023-09-08 | by ( Matthew Cullen | ) www.nytimes.com   time to read: +1 min
President Biden arrived today in New Delhi for the Group of 20 summit, where the world leaders not in the room at the meeting this weekend may be as important as those who are there. China’s leader, Xi Jinping, and President Vladimir Putin of Russia both decided to skip this year’s event, leaving a hole that the U.S. is seeking to fill. At the summit, Biden plans to use the absences of Xi and Putin as an opportunity to present his case to the large group of important leaders that they should align with the U.S. on major issues including condemning Russia’s war in Ukraine and curbing China’s assertiveness. Still, Biden will try to shore up his relationship with the summit’s host, Prime Minister Narendra Modi of India. My colleague Katie Rogers, who is covering the summit, said Biden saw Modi as “politically stable.” But, she added, “it remains to be seen how much of a partner he could be in forcefully countering China’s rise.”
Persons: Biden, Xi Jinping, Vladimir Putin, Xi, Putin, Narendra Modi, Katie Rogers, Modi, Organizations: Group, U.S, India Locations: New Delhi, Russia, Ukraine, China
[1/3] U.S. Treasury Secretary Janet Yellen addresses the media, ahead of the G20 Summit in New Delhi, India, September 8, 2023. She will seek to build G20 support for an "equi-proportional" increase in IMF quota funds paid-in by member countries, which would increase IMF lending resources, but not immediately change its shareholding structure. At the briefing, Yellen said there was significant progress made on international debt relief efforts. "Those are crucial additional resources for reducing poverty, advancing global health security and combating climate change," Yellen said. "Even without Russia's active participation and the tensions the war has created, I still see that G20 is highly effective," Yellen said.
Persons: Janet Yellen, Francis Mascarenhas, Yellen, David Lawder, Swati Bhat, Leslie Adler, Kim Coghill Organizations: . Treasury, REUTERS, International Monetary Fund, World Bank, U.S, Congress, U.S . Treasury, Ukraine, Thomson Locations: New Delhi, India, DELHI, United States, Ukraine, U.S, Washington
[1/5] European Council President Charles Michel attends a press briefing ahead of the G20 Summit in New Delhi, India, September 8, 2023. REUTERS/Amit Dave Acquire Licensing RightsNEW DELHI, Sept 8 (Reuters) - It is difficult to predict if leaders of the G20 grouping gathering for a summit in New Delhi this weekend can reach consensus on a declaration, European Council President Charles Michel said on Friday. "It's difficult to predict if it will be possible to have an agreement on the declaration," Michel told a press conference in the Indian capital. He added, "I don't intend to say something that will make the efforts more difficult. Reporting by Manoj Kumar, Chris Thomas; Writing by Shivam Patel; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.
Persons: Charles Michel, Amit Dave, Michel, Vladimir Putin, Xi Jinping, Sergei Lavrov, Li Qiang, Manoj Kumar, Chris Thomas, Shivam Patel, Clarence Fernandez Organizations: European, REUTERS, Beijing, European Union, EU, UN, Thomson Locations: New Delhi, India, DELHI, Ukraine, Russia, China, Moscow, Russian
“We hope this G20 summit will show that the world’s major economies can work together even in challenging times,” US national security adviser Jake Sullivan said this week. The institutions, created in the aftermath of World War II, have long funded education, public health and infrastructure programs in developing countries. Sullivan said this week the World Bank reforms were “not against China,” noting Beijing is a shareholder in the bank. “The biggest shareholders of the World Bank are all sitting around the G20 table. The contrast between Biden’s presence at the summit – which includes a number of developing countries – and Xi’s absence will also give the American president an opportunity to highlight the US’ commitment to the developing world.
Persons: Joe Biden, Biden, Biden’s, Jake Sullivan, Narendra Modi, Modi, India hasn’t, Sullivan, We’ve, , Yun Sun, Stimson, , – Biden, “ We’ve, Xi, Putin, China –, ” Sullivan Organizations: New, New Delhi CNN, , Indian, West, World Bank, Bank, Initiative Locations: New Delhi, Russia, China, Ukraine, Beijing, United States, India, Ukraine –, Bali
"The United States' commitment to the G20 hasn't wavered and we hope this G20 summit will show that the world's major economies can work together even in challenging times," National Security Advisor Jake Sullivan said Tuesday. Russian President Vladimir Putin will skip the summit for the second year in a row, as will Chinese President Xi Jinping. This will be the first G20 summit a Chinese president has missed since its inaugural event in 2008; he attended virtually during the coronavirus pandemic. The conference has long been touted as a possible meeting point for Biden and Xi, who last met at Indonesia's G20 summit in November. "As he has done before, President Biden will call for a just and durable peace, one founded in respect for international law."
Persons: Joe Biden, Narendra Modi, Sullivan, Jake Sullivan, Biden, America's, Jill Biden, Vladimir Putin, Xi Jinping, Xi, Putin Organizations: India's, Group, Labor, Sunday Locations: Washington ,, Ukraine, United States, New Delhi, India, Hanoi, Vietnam, Alaska, Russia, China, Indonesia's, Johannesburg, South Africa, Indonesia
Total: 25