Current:Home > FinanceAs G-20 ministers gather in Delhi, Ukraine may dominate — despite India's own agenda -FutureWise Finance
As G-20 ministers gather in Delhi, Ukraine may dominate — despite India's own agenda
View
Date:2025-04-14 07:45:18
India is basking in its role as host of this week's G-20 foreign ministers' summit, but hoping its agenda doesn't get dominated by the Ukraine war.
As president of the Group of 20 (G-20) major economies, India wants to steer the agenda for Wednesday's summit start toward priorities for the Global South: climate change, food security, inflation and debt relief.
Three of India's neighbors — Sri Lanka, Pakistan and Bangladesh — are seeking urgent loans from the International Monetary Fund, as developing countries in particular struggle with rising global fuel and food prices.
But those prices have been exacerbated by Russia's invasion of Ukraine, and tensions over the war threaten to overshadow everything else.
U.S. Secretary of State Antony Blinken, Russian Foreign Minister Sergey Lavrov and their Chinese counterpart, Qin Gang, are all expected to attend the two-day meeting in New Delhi.
Last July, Lavrov walked out of a previous G-20 foreign ministers' meeting in Indonesia, after Western delegates denounced the Ukraine war. Last April, at another G-20 meeting, U.S. Treasury Secretary Janet Yellen and representatives from other Western nations walked out when Russia spoke.
India's G-20 presidency comes when it feels ascendant
Last year, India's economy became the fifth-largest in the world, surpassing that of its former colonial occupier, Britain. Any day now, India is expected to surpass China as the world's most populous country. (Some say it's happened already.) Its growth this year is expected to be the strongest among the world's big economies.
The G-20 presidency is a rotating role: Indonesia had it last year, and Brazil hosts next. But Indian Prime Minister Narendra Modi's government has sought to bill it — at least to a domestic audience — as a personal achievement by the prime minister, as he runs for reelection next year.
Billboards with Modi's face and India's G-20 logo — which is very similar to Modi's Bharatiya Janata Party's own logo — have gone up across India. In recent weeks, highway flyovers in Mumbai and New Delhi have been festooned with flower boxes. Lampposts got a fresh coat of paint.
And slum-dwellers have been evicted from informal settlements along roads in the capital where dignitaries' motorcades are traveling this week.
Besides its focus on economic issues most relevant to developing countries, another reason India wants to steer the agenda away from Ukraine is that it has maintained ties with Russia despite the war. Modi has called for a cease-fire but has so far refused to condemn Russian President Vladimir Putin's invasion. And India continues to buy oil and weapons from Moscow.
But at a similar G-20 finance ministers' meeting last week, Yellen accused Russian officials in attendance of being "complicit" in atrocities in Ukraine and in the resulting damage to the global economy.
That meeting, held Feb. 22-25 near the southern Indian city of Bengaluru, ended without a final joint communique being issued. And analysts have cast doubt on whether this week's foreign ministers' meeting might end any differently.
veryGood! (685)
Related
- Travis Hunter, the 2
- Saints again fizzle out tantalizingly close to pay dirt in a 2nd straight loss
- Cricket in the Olympics? 2028 Games will feature sport for the first time in a century
- Lafayette Parish Schools elevate interim superintendent to post permanently
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Influencer Nelly Toledo Shares Leather Weather Favorites From Amazon
- 'Maxine's Baby: The Tyler Perry Story' shows how the famous filmmaker overcame abuse, industry pushback
- Popeyes Cajun-style turkey available to preorder for Thanksgiving dinner
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Jose Abreu's postseason onslaught continues as Astros bash Rangers to tie ALCS
Ranking
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Judge threatens to hold Donald Trump in contempt after deleted post is found on campaign website
- Estonia says damage to Finland pipeline was caused by people, but it’s unclear if it was deliberate
- This flesh-eating parasite spread by sand flies has foothold in U.S., appears to be endemic in Texas, CDC scientists report
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Fired at 50, she felt like she'd lost everything. Then came the grief.
- Navigator cancels proposed Midwestern CO2 pipeline, citing ‘unpredictable’ regulatory processes
- Stock market today: Asian shares slip further as higher US 10-year Treasury yield pressures Wall St
Recommendation
Where will Elmo go? HBO moves away from 'Sesame Street'
A Palestinian engineer who returned to Gaza City after fleeing south is killed in an airstrike
Feds Approve Expansion of Northwestern Gas Pipeline Despite Strong Opposition Over Its Threat to Climate Goals
Georgia Medicaid program with work requirement has enrolled only 1,343 residents in 3 months
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
New Jersey dad sues state, district over policy keeping schools from outing transgender students
Teen Mom's Kailyn Lowry Ate Her Placenta—But Here's Why It's Not Always a Good Idea
Juveniles charged with dousing acid on playground slides that injured 4 children