"100 percent consensus in 83 para declaration across all countries" ::: Indian diplomacy springs surprise; New Delhi Declaration adopted

The New Delhi leaders declaration has 83 paras and has 100% consensus from all countries. All countries have unanimously accepted without a footnote. This demonstrates the PM's ability to bring China, and Russia to one table and at a consensus: India's G20 Sherpa Amitabh Kant

Indian diplomacy springs surprise, New Delhi Declaration adopted .... "100 per cent consensus"

Prime Minister Narendra Modi on Saturday, Sept 9, announced the adoption of the New Delhi G20 Leaders' Declaration. 

“There is good news. With everyone’s cooperation, consensus has been reached on the New Delhi G20 Leadership Declaration,” the Prime Minister said. External Affairs Minister Dr S Jaishankar and Finance Minister Nirmala Sitharaman were by his side when he made the announcement with a hammer bang.

The development is seen as a pleasant surprise as there were reservations earlier from China and Russia on the Declaration. 

The G20 this year has "contributed to make India - the world ready; and the world India read", Dr Jaishankar said at a special conference. 

"The Declaration, the Leaders have agreed on focuses on promoting strong sustainable, balanced and inclusive growth. It seeks to accelerate progress on SDG and come up with an action plan accordingly. It envisages a green development pack, a sustainable future. It endorses high level principles on Life Style," Dr Jaishankar said.  

Addressing the media briefing, Union Finance Minister Nirmla Sitharaman said, India had assumed Presidency "at a challenging time of geo political tension, Indian Presidency has ensured that these divergencies do not overshadow the core development .. I can confidently say Indian Presidency has walked the talk".

Earlier, The G20 admitted a new permanent member at its New Delhi Summit today: the African Union. Prime Minister Narendra Modi inaugurated the two-day event, talking about human-centric development and the need to lessen the trust deficit in global supply chains, which came about as a result of the Covid-19 induced pandemic. He also assured all possible assistance to Morocco, where an earthquake took hundreds of lives this morning. At the Summit, Modi’s country card/name plate read ‘Bharat’ and not India.[09/09, 4:22 pm] Nirendra Dev: Prime Minister Narendra Modi had painted the summit as his country’s diplomatic coming of age — evidence of New Delhi’s clout and prestige on the global stage.

No official reason was given for the absence, but Xi has chastised Modi about a deadly China-India border dispute and been open about making US-led groupings like the G20 more amenable to Beijing’s interests.

As the summit takes place, Xi will host the leaders of Venezuela and Zambia in Beijing.

Modi — sensing an opportunity to burnish his credentials as a statesman ahead of a re-election tilt early next year — has thrust himself front and centre of proceedings.

His image adorns countless G20 billboards and posters plastered around Delhi.

A failure of G20 leaders to agree on a joint summit statement, a usually routine diplomatic affair, could be seen as an embarrassment for India and for Modi’s claim of uniting developing and richer members.

Modi earlier looked set to secure at least one concrete step in that direction — with several leaders expressing support for expanding the bloc into the “G21” and including the African Union as a permanent member.

G20 Sherpa Amitabh Kant tweets, "Historical & Path breaking G 20 Declaration with 100% consensus on all developmental and geo-political issues. The new geopolitical paras are a powerful call for Planet, People, Peace and Prosperity in today's world. Demonstrates PM Narendra Modi's leadership in today’s world."

G20 New Delhi Leaders’ Declaration
New Delhi, India, 9-10 September 2023

Preamble

We are One Earth, One Family, and we share One Future.

We, the Leaders of the G20, met in New Delhi on 9-10 September 2023, under the

theme ‘Vasudhaiva Kutumbakam’. We meet at a defining moment in history where the

decisions we make now will determine the future of our people and our planet. It is with

the philosophy of living in harmony with our surrounding ecosystem that we commit to

concrete actions to address global challenges.

 G20 cooperation is essential in determining the course the world takes. Headwinds to

global economic growth and stability persist. Years of cascading challenges and crises

have reversed gains in the 2030 Agenda and its Sustainable Development Goals

(SDGs). Global greenhouse gas (GHG) emissions continue to increase, with climate

change, biodiversity loss, pollution, drought, land degradation and desertification

threatening lives and livelihoods. Rising commodity prices, including food and energy

prices are contributing to cost of living pressures. Global challenges like poverty and

inequality, climate change, pandemics and conflicts disproportionately affect women

and children, and the most vulnerable.

Together we have an opportunity to build a better future. Just energy transitions can

improve jobs and livelihoods, and strengthen economic resilience. We affirm that no

country should have to choose between fighting poverty and fighting for our planet. We

will pursue development models that implement sustainable, inclusive and just

transitions globally, while leaving no one behind.

As Leaders of G20, the premier global forum for international economic cooperation,

we resolve to act in concrete ways through partnerships. 

We commit to:

a. Accelerate strong, sustainable, balanced and inclusive growth.

b. Accelerate the full and effective implementation of the 2030 Agenda for

Sustainable Development.

c. Pursue low-GHG/low-carbon emissions, climate-resilient and environmentally

sustainable development pathways by championing an integrated and inclusive

approach. We will urgently accelerate our actions to address development and

climate challenges, promote Lifestyles for Sustainable Development (LiFE), and

conserve biodiversity, forests and oceans.

d. Improve access to medical countermeasures and facilitate more supplies and

production capacities in developing countries to prepare better for future health

emergencies.

e. Promote resilient growth by urgently and effectively addressing debt

vulnerabilities in developing countries.

f. Scale up financing from all sources for accelerating progress on SDGs.

g. Accelerate efforts and enhance resources towards achieving the Paris

Agreement, including its temperature goal.

h. Pursue reforms for better, bigger and more effective Multilateral Development

Banks (MDBs) to address global challenges to maximise developmental impact.

i. Improve access to digital services and digital public infrastructure, and leverage

digital transformation opportunities to boost sustainable and inclusive growth.

j. Promote sustainable, quality, healthy, safe and gainful employment.

k. Close gender gaps and promote the full, equal, effective and meaningful

participation of women in the economy as decision-makers.

l. Better integrate the perspectives of developing countries, including LDCs,

LLDCs, and SIDS, into future G20 agenda and strengthen the voice of

developing countries in global decision making.

6. Through these actions today, we are building towards a system that better empowers

countries to address global challenges, is human-centric, and brings prosperity and

well-being to humanity.

For the Planet, People, Peace and Prosperity

7. We note with deep concern the immense human suffering and the adverse impact of

wars and conflicts around the world.

8. Concerning the war in Ukraine, while recalling the discussion in Bali, we reiterated our

national positions and resolutions adopted at the UN Security Council and the UN

General Assembly (A/RES/ES-11/1 and A/RES/ES-11/6) and underscored that all

states must act in a manner consistent with the Purposes and Principles of the UN

Charter in its entirety. In line with the UN Charter, all states must refrain from the threat

or use of force to seek territorial acquisition against the territorial integrity and

sovereignty or political independence of any state. The use or threat of use of nuclear

weapons is inadmissible.

9. Reaffirming that the G20 is the premier forum for international economic cooperation,

and recognizing that while the G20 is not the platform to resolve geopolitical and

security issues, we acknowledge that these issues can have significant consequences

for the global economy.

10. 

We highlighted the human suffering and negative added impacts of the war in Ukraine with regard to global food and energy security, supply chains, macro-financial stability, inflation and growth, which has complicated the policy environment for countries, especially developing and least developed countries which are still recovering from the COVID-19 pandemic and the economic disruption which has derailed progress towards the SDGs. There were different views and assessments of the situation.

11. We appreciate the efforts of Türkiye and UN-brokered Istanbul Agreements consisting

of the Memorandum of Understanding between the Russian Federation and the

Secretariat of the United Nations on Promoting Russian Food Products and Fertilizers

to the World Markets and the Initiative on the Safe Transportation of Grain and

Foodstuffs from Ukrainian Ports (Black Sea Initiative), and call for their full, timely and

effective implementation to ensure the immediate and unimpeded deliveries of grain,

foodstuffs, and fertilizers/inputs from the Russian Federation and Ukraine. This is

necessary to meet the demand in developing and least developed countries,

particularly those in Africa.

12. In this context, emphasizing the importance of sustaining food and energy security, we

called for the cessation of military destruction or other attacks on relevant infrastructure.

We also expressed deep concern about the adverse impact that conflicts have on the

security of civilians thereby exacerbating existing socio-economic fragilities and

vulnerabilities and hindering an effective humanitarian response.

13. We call on all states to uphold the principles of international law including territorial integrity and sovereignty, international humanitarian law, and the multilateral system that safeguards peace and stability. The peaceful resolution of conflicts, and efforts to

address crises as well as diplomacy and dialogue are critical. 

We will unite in our endeavour to address the adverse impact of the war on the global economy and welcome all relevant and constructive initiatives that support a comprehensive, just, and durable peace in Ukraine that will uphold all the Purposes and Principles of the UN Charter for the promotion of peaceful, friendly, and good neighbourly relations among nations in the spirit of ‘One Earth, One Family, One Future’.

14. Today’s era must not be of war.

A. Strong, Sustainable, Balanced, and Inclusive Growth

Global Economic Situation

15. Cascading crises have posed challenges to long-term growth. Facing an uneven

recovery, and cognizant of the need to boost long-term growth, we will implement wellcalibrated macroeconomic and structural policies. We will protect the vulnerable,

through promoting equitable growth and enhancing macroeconomic and financial

stability. Such an approach will help resolve the cost-of-living crisis and unlock strong,

sustainable, balanced, and inclusive growth.

16. Global economic growth is below its long-run average and remains uneven. The

uncertainty around the outlook remains high. With notable tightening in global financial

conditions, which could worsen debt vulnerabilities, persistent inflation and

geoeconomic tensions, the balance of risks remains tilted to the downside. We,

therefore, reiterate the need for well-calibrated monetary, fiscal, financial, and structural

policies to promote growth, reduce inequalities and maintain macroeconomic and

financial stability. We will continue to enhance macro policy cooperation and support

the progress towards the 2030 Agenda for Sustainable Development. We reaffirm that

achieving strong, sustainable, balanced and inclusive growth (SSBIG) will require

policymakers to stay agile and flexible in their policy response, as evidenced during the

recent banking turbulence in a few advanced economies where expeditious action by

relevant authorities helped to maintain financial stability and manage spillovers. We

welcome the initial steps taken by the Financial Stability Board (FSB), Standard Setting

4

Zero Draft

Bodies (SSBs) and certain jurisdictions to examine what lessons can be learned from

this recent banking turbulence and encourage them to advance their ongoing work. We

will use macroprudential policies, where required, to safeguard against downside risks.

Central banks remain strongly committed to achieving price stability in line with their

respective mandates. They will ensure that inflation expectations remain well anchored

and will clearly communicate policy stances to help limit negative cross-country

spillovers. Central bank independence is crucial to maintaining policy credibility. We will

prioritise temporary and targeted fiscal measures to protect the poor and the most

vulnerable, while maintaining medium-term fiscal sustainability. Ensuring the overall

coherence of the monetary and fiscal stances remains important. We recognise the

importance of supply-side policies, especially policies that increase labour supply and

enhance productivity to boost growth and alleviate price pressures. We reaffirm the

April 2021 exchange rate commitment made by our Finance Ministers and Central Bank

Governors.

17. We recognise the critical role of private enterprise in accelerating growth and driving

sustainable economic transformations. To this end, we resolve to work with private

sector to:

i. Create inclusive, sustainable, and resilient global value chains, and support

developing countries to move up the value chain.

ii. Facilitate investments including Foreign Direct Investments (FDIs) towards

sustainable business models.

iii. Devise pipelines of investible projects in developing countries, by leveraging

expertise of MDBs to mobilise investments.

iv. Promote the ease and reduce the cost of doing business.

18. We recognise that start-ups and MSMEs are natural engines of growth. They are key

to socio-economic transformation by driving innovation and creating employment. We

welcome the establishment of the Start-up 20 Engagement Group during India’s G20

Presidency and its continuation.

Unlocking Trade for Growth

19. We reaffirm that a rules-based, non-discriminatory, fair, open, inclusive, equitable,

sustainable and transparent multilateral trading system, with WTO at its core, is

indispensable. We will support policies that enable trade and investment to serve as an

engine of growth and prosperity for all. Today, we:

i. Renew our commitment to ensure a level-playing field and fair competition by

discouraging protectionism and market distorting practices, to foster a favourable

trade and investment environment for all. We reiterate the need to pursue WTO

reform to improve all its functions through an inclusive member-driven process, and

remain committed to conducting discussions with a view to having a fully and wellfunctioning dispute settlement system accessible to all members by 2024. We

commit to work constructively to ensure positive outcomes at the WTO’s Thirteenth

Ministerial Conference (MC13).

5

Zero Draft

ii. Recognise challenges MSMEs, particularly in developing countries, face with

respect to access to information and thus, welcome Jaipur Call for Action for

enhancing MSMEs’ access to information to promote the integration of MSMEs into

international trade.

iii. Welcome the adoption of G20 Generic Framework for Mapping Global Value Chains

(GVC) to help members identify risks and build resilience.

iv. Welcome the High-Level Principles on Digitalization of Trade Documents and will

make efforts to encourage implementation, and encourage other countries to

consider these principles.

v. Ensure that trade and environment policies should be mutually supportive,

consistent with WTO and multilateral environmental agreements.

vi. Recognize the importance of WTO’s ‘Aid for Trade’ initiative to enable developing

countries, notably LDCs to effectively participate in global trade, including through

enhanced local value creation. We welcome all efforts to mobilize necessary

resources in this regard.

Preparing for the Future of Work

20. We commit to addressing skill gaps, promoting decent work and ensuring inclusive

social protection policies for all. Towards this aim, we:

i. Recognise that well-integrated and adequately skilled workers benefit origin and

destination countries alike and commit to working towards ensuring well-managed,

regular and skills-based migration pathways.

ii. Welcome efforts to map global skill gaps and the development of the G20 policy

priorities to address skill gaps globally, including through further strengthening our

national statistical data, extending the coverage of the ILO and OECD Skills for Jobs

Databases to G20 countries, as appropriate. We commit to effectively addressing

global skills for sustainable and inclusive economic development.

iii. Commit to consider the development of an international reference classification of

occupations by skill and qualification requirements to facilitate cross-country

comparability and mutual recognition of skills and qualifications.

iv. Welcome the comprehensive toolkit with adaptable frameworks for designing and

introducing digital upskilling and reskilling programmes.

v. Aim to achieve sustainably financed universal social protection coverage and

consider portability of social security benefits through bilateral and multilateral

agreements.

vi. Support progress on the implementation of the UN Global Accelerator on Jobs and

Social Protection for Just Transitions.

6

Zero Draft

vii. Acknowledge the economic significance and societal value of the cultural and

creative sector to support inclusive growth, sustainable development and decent

work.

viii. Ensure adequate social protection and decent working conditions for gig and

platform workers.

ix. Will increase our efforts for the elimination of child labour and forced labour along

global value chains.

Advancing Financial Inclusion

21. We welcome the 2023 Update to Leaders on Progress towards the G20 Remittance

Target and endorse the Regulatory Toolkit for Enhanced Digital Financial Inclusion of

Micro, Small and Medium Enterprises (MSMEs). We endorse the voluntary and nonbinding G20 Policy Recommendations for Advancing Financial Inclusion and

Productivity Gains through Digital Public Infrastructure. We take note of the significant

role of digital public infrastructure in helping to advance financial inclusion in support of

inclusive growth and sustainable development. We also encourage the continuous

development and responsible use of technological innovations including innovative

payment systems, to achieve financial inclusion of the last mile and progress towards

reducing the cost of remittances. We also support continuous efforts to strengthen

digital financial literacy and consumer protection. We endorse the G20 2023 Financial

Inclusion Action Plan (FIAP), which provides an action oriented and forward-looking

roadmap for rapidly accelerating the financial inclusion of individuals and MSMEs,

particularly vulnerable and underserved groups in the G20 countries and beyond.

Fighting Corruption

22. We reaffirm our commitment to zero tolerance for corruption.

i. We endorse the three G20 High-Level Principles on:

o Strengthening Law Enforcement related International Cooperation and

Information Sharing for Combating Corruption

o Strengthening Asset Recovery Mechanisms for Combating Corruption

o Promoting Integrity and Effectiveness of Public Bodies and Authorities

responsible for Preventing and Combating Corruption

ii. Reaffirm our support to enhance global efforts to seize, confiscate and return

criminal proceeds to victims and states, in line with international obligations and

domestic legal frameworks, including through support to the Financial Action Task

Force (FATF) and operationalization of the GlobE Network.

iii. Reaffirm our commitment to demonstrate and continue concrete efforts and share

information on our actions towards criminalizing foreign bribery and enforcing

foreign bribery legislation, in line with Article 16 of the United Nations Convention

against Corruption (UNCAC), and welcome Anti-Corruption Working Group’s efforts

in striving towards this goal. We look forward to enlarging participation to the OECD

Anti-Bribery Convention, as appropriate.

7

Zero Draft

B. Accelerating Progress on Sustainable Development Goals (SDGs)

23. At the midway point to 2030, the global progress on SDGs is off-track with only 12

percent of the targets on track. During this Decade of Action, we will leverage the G20’s

convening power and its collective resolve to fully and effectively implement the 2030

Agenda and accelerate progress toward the SDGs, in a timely manner, to shape the

world we want to see for our future generations.

Recommitting to Achieving SDGs

24. To accelerate progress on SDGs, we commit to taking collective action for effective and

timely implementation of the G20 2023 Action Plan to Accelerate Progress on the

SDGs, including its High-Level Principles. We will ensure that no one is left behind. We

commend the efforts of the Indian Presidency to accelerate the implementation of the

2030 Agenda. To this end, we:

i. Recognise the role of digital transformation, AI, data advances, and the need to

address digital divides. We endorse the G20 Principles on Harnessing Data for

Development (D4D) and welcome the decision to launch Data for Development

Capacity Building Initiative, and other existing initiatives.

ii. We reaffirm our commitment towards the mobilisation of affordable, adequate and

accessible financing from all sources to support developing countries in their

domestic efforts to address bottlenecks for implementation of the 2030 Agenda and

the Addis Ababa Action Agenda. We call upon developed countries to fully deliver

on their respective ODA commitments that complements and encourages

development financing from all other sources, including public and private, domestic

and international, in a timely manner, and contribute to addressing the financing

needs of developing countries.

iii. Highlight the crucial role of tourism and culture as a means for sustainable socioeconomic development and economic prosperity, and take note of the Goa

Roadmap for Tourism as one of the vehicles for achieving the SDGs.

iv. Commit to enhancing G20 cooperation and partnerships to address challenges

being faced in the implementation of the 2030 Agenda. We welcome ongoing efforts

at the UN, including the Secretary General’s efforts to address the SDG financing

gap through an SDG stimulus, and will provide full support to the United Nations

2023 SDG Summit, the United Nations Summit of the Future, and other relevant

processes.

25. We reiterate our commitment to take action to scale up sustainable finance. In line with

the G20 Sustainable Finance Roadmap, we welcome the analytical framework for

SDG-aligned finance and voluntary recommendations for scaling up adoption of social

impact investment instruments and improving nature-related data and reporting,

informed by the stocktaking analyses, considering country circumstances.

8

Zero Draft

Eliminating Hunger and Malnutrition

26. We commit to enhance global food security and nutrition for all in line with the G20

Deccan High-Level Principles on Food Security and Nutrition 2023. To achieve this,

we:

i. We encourage efforts to strengthen research cooperation on climate-resilient and

nutritious grains such as millets, quinoa, sorghum, and other traditional crops

including rice, wheat and maize. We welcome the outcomes from the G20 members

engagement in the 12th G20 Meeting of Agriculture Chief Scientists (MACS).

ii. Emphasize the importance of increasing access to, availability, and efficient use of

fertilizer and agricultural inputs, including through strengthening local fertilizer

production, and to improve soil health.

iii. Commit to accelerating innovations and investment focused on increasing

agricultural productivity, reducing food loss and waste across the value chain, and

improving marketing and storage, to build more sustainable and climate-resilient

agriculture and food systems.

iv. Commit to support developing countries’ efforts and capacities to address their food

security challenges, and work together to enable access to affordable, safe,

nutritious and healthy diets, and to foster the progressive realization of the right to

adequate food.

v. Commit to facilitate open, fair, predictable, and rules-based agriculture, food and

fertilizer trade, not impose export prohibitions or restrictions and reduce market

distortions, in accordance with relevant WTO rules.

vi. Commit to strengthening the Agricultural Market Information System (AMIS) and the

Group on Earth Observations Global Agricultural Monitoring (GEOGLAM), for

greater transparency to avoid food price volatility, supporting AMIS’s work on

fertilizers, its expansion to include vegetable oils, and for enhancing collaboration

with early warning systems.

Macroeconomic impacts of food and energy insecurity

27. While global food and energy prices have fallen from their peak levels, the potential for

high levels of volatility in food and energy markets remains, given the uncertainties in

the global economy. In this context, we take note of the G20 Report on Macroeconomic

Impacts of Food and Energy Insecurity and their Implications for the Global Economy.

We look forward to an ambitious replenishment of the International Fund for Agricultural

Development (IFAD) resources at the end of the year by IFAD members to support

IFAD’s fight against food insecurity.

Strengthening Global Health and Implementing One Health Approach

28. We remain committed to strengthening the global health architecture, with the World

Health Organization (WHO) at its core, and building more resilient, equitable,

sustainable, and inclusive health systems to achieve Universal Health Coverage,

9

Zero Draft

implement One Health approach, enhance pandemic preparedness and strengthen

existing infectious diseases surveillance systems. To achieve this, we will:

i. Focus on strengthening primary health care and health workforce and improving

essential health services and health systems to better than pre-pandemic levels,

ideally within the next 2-3 years, as well as continue progress towards polio

eradication and ending ongoing epidemics including AIDS, tuberculosis, malaria,

hepatitis and water-borne and other communicable diseases, also recognising the

importance of research on long COVID.

ii. Promote the One Health-based approach driven by the Quadripartite’s One Health

Joint Plan of Action (2022-2026).

iii. Enhance the resilience of health systems and support development of climateresilient and low-carbon health systems in collaboration with MDBs, and support the

work of the WHO-led Alliance for Transformative Action on Climate and Health

(ATACH).

iv. Implement and prioritise tackling Antimicrobial Resistance (AMR) following the One

Health approach, including through research and development, infection prevention

and control, as well as antimicrobial stewardship efforts within respective national

action plans through AMR and antimicrobial consumption surveillance.

v. Facilitate equitable access to safe, effective, quality-assured, and affordable

vaccines, therapeutics, diagnostics, and other medical countermeasures, especially

in Low-and Middle-income Countries (LMICs), LDCs and SIDS.

vi. Look forward to a successful outcome of the ongoing negotiations at the

Intergovernmental Negotiating Body (INB) for an ambitious, legally binding WHO

convention, agreement or other international instruments on pandemic PPR (WHO

CA+) by May 2024, as well as amendments to better implement the International

Health Regulations (2005).

vii. Recognize the potential role of evidence-based Traditional and Complementary

Medicine in health, and take note of international efforts in this direction, including

WHO’s global and collaborating centres, and clinical trial registries.

viii. Support the WHO-led inclusive consultative process for the development of an

interim medical countermeasures coordination mechanism, with effective

participation of LMICs and other developing countries, considering a network of

networks approach, leveraging local and regional R&D and manufacturing

capacities, and strengthening last mile delivery. This may be adapted in alignment

with the WHO CA+.

ix. Promote and improve access to mental health services and psychosocial support in

an inclusive manner.

x. While highlighting the public health dimension of the world drug problem, call for

strong international counter-narcotics cooperation, free of unnecessary restrictions,

including information sharing and capacity building to disrupt production and

10

Zero Draft

proliferation of illicit drugs, including synthetic drugs, and precursor chemicals at

their origin, in transit and at destination points.

Finance-Health Collaboration

29. We remain committed to strengthening the global health architecture for pandemic

prevention, preparedness and response (PPR) through enhanced collaboration

between Finance and Health Ministries under the Joint Finance and Health Task Force

(JFHTF). Under the JFHTF, we welcome the participation of invited key regional

organisations in the Task Force meetings as they enhance the voice of low-income

countries. We welcome the discussion on the Framework on Economic Vulnerabilities

and Risks (FEVR) and the initial Report for Economic Vulnerabilities and Risks arising

from pandemics, created through collaboration between World Health Organisation

(WHO), World Bank, IMF, and European Investment Bank (EIB). We call on the Task

Force to continue refining this Framework over its multi-year work plan in order to

regularly assess economic vulnerabilities and risks due to evolving pandemic threats,

taking into account country-specific circumstances. We welcome the Report on Best

Practices from Finance Health Institutional Arrangements during Covid-19 that will

contribute towards joint finance-health sector readiness to support our response to

future pandemics. We welcome the Report on Mapping Pandemic Response Financing

Options and Gaps developed by the WHO and World Bank and look forward to further

deliberations on how financing mechanisms could be optimized, better coordinated

and, when necessary, suitably enhanced to deploy the necessary financing quickly and

efficiently, duly considering discussions in other global forums. We welcome the

conclusion of the first call for proposals by the Pandemic Fund and look forward to the

second Call for Proposals by the end of 2023, based on lessons learned from the first

Call for Proposals. We highlight the importance of securing new donors and coinvestment. We ask the Task Force to report back to Finance and Health Ministers in

2024 on its progress.

Delivering Quality Education

30. We are committed to inclusive, equitable, high-quality education and skills training for

all, including for those in vulnerable situations. We recognize the importance of

investment in supporting human capital development. To this end, we:

i. Recognize the importance of foundational learning (literacy, numeracy, and socioemotional skills) as the primary building block for education and employment.

ii. Reiterate our commitment to harness digital technologies to overcome the digital

divides for all learners.

iii. Extend support to educational institutions and teachers to enable them to keep pace

with emerging trends and technological advances including AI.

iv. Emphasize expanding access to high-quality Technical and Vocational Education

and Training (TVET).

v. Reaffirm our commitment to promote open, equitable and secure scientific

collaboration and encourage mobility of students, scholars, researchers, and

scientists across research and higher education institutions.

11

Zero Draft

vi. Emphasize the importance of enabling life-long learning focused on skilling,

reskilling, and upskilling especially for vulnerable groups.

Culture as a Transformative Driver of SDGs

31. We call for the full recognition and protection of culture with its intrinsic value as a

transformative driver and an enabler for the achievement of the SDGs and advance the

inclusion of culture as a standalone goal in future discussions on a possible post-2030

development agenda. We reiterate our commitment to strengthen our fight against illicit

trafficking of cultural property at national, regional or international levels to enable its

return and restitution to their countries and communities of origin as relevant, and call

for sustained dialogue and action in that endeavour, with a view to strengthen cultural

diplomacy and intercultural exchanges, consistent with national law and relevant

UNESCO Conventions. We encourage the international community to protect the living

cultural heritage, including the intellectual property, notably with regard to the impact of

the over commercialization and misappropriation of such living heritage on the

sustainability and on the livelihoods of practitioners and community bearers as well as

Indigenous Peoples.

C. Green Development Pact for a Sustainable Future

32. Recognising that the prosperity and well-being of present and future generations

depends on our current development and other policy choices and actions, we resolve

to pursue environmentally sustainable and inclusive economic growth and development

in an integrated, holistic and balanced manner.

33. We commit to urgently accelerate our actions to address environmental crises and

challenges including climate change. We recognize that the impacts of climate change

are being experienced worldwide, particularly by the poorest and the most vulnerable,

including in LDCs and SIDS. Mindful of our leadership role, we reaffirm our steadfast

commitments, in pursuit of the objective of UNFCCC, to tackle climate change by

strengthening the full and effective implementation of the Paris Agreement and its

temperature goal, reflecting equity and the principle of common but differentiated

responsibilities and respective capabilities, in light of different national circumstances.

We note with concern that global ambition and implementation to address climate

change remain insufficient to achieve the temperature goal of the Paris Agreement to

hold the increase in the global average temperature to well below 2°C above preindustrial levels, and pursue efforts to limit the temperature increase to 1.5°C above

pre-industrial levels. We highlight the importance of ambitious action on all pillars of the

Paris Agreement, taking into account the best available science. Noting the IPCC

assessments, that the impacts of climate change will be much lower at a temperature

increase of 1.5°C compared with 2°C, we reiterate our resolve to pursue further efforts

to limit the increase to 1.5°C. This will require meaningful and effective actions and

commitment by all countries, taking into account different approaches, through the

development of clear national pathways that align long term ambition with short and

medium-term goals, and with international cooperation and support, including finance

and technology and sustainable and responsible consumption and production as critical

enablers, in the context of sustainable development. We recognize that limiting global

warming to 1.5°C requires rapid, deep and sustained reductions in global GHG

emissions of 43% by 2030 relative to the 2019 levels. We also take note of the finding

12

Zero Draft

of the IPCC AR6 Synthesis Report, based on global modelled pathways and

assumptions, stating that “Global GHG emissions are projected to peak between 2020

and at the latest before 2025 in global modelled pathways that limit warming to 1.5°C

with no or limited overshoot and in those that limit warming to 2°C and assume

immediate action.” This does not imply peaking in all countries within this timeframe;

timeframes for peaking may be shaped by sustainable development, poverty

eradication needs, equity, and in line with different national circumstances. We further

recognize that technology development and transfer on voluntary and mutually agreed

terms, capacity building and financing can support countries in this regard.

34. We urge all countries that have not yet aligned their NDCs with the temperature goal of

the Paris Agreement, to revisit and strengthen the 2030 targets in their NDCs, as

necessary, by the end of 2023, taking into account different national circumstances,

and we welcome those who have already done so. We recall the nationally determined

nature of NDCs and Article 4.4 of the Paris Agreement, which provides that “Developed

country Parties should continue taking the lead by undertaking economy-wide absolute

emission reduction targets. Developing country Parties should continue enhancing their

mitigation efforts, and are encouraged to move over time towards economy-wide

emission reduction or limitation targets in the light of different national circumstances.”

In this context, we commend those countries whose NDCs include economy-wide

targets covering all GHGs, and others are encouraged to include such economy-wide

targets in their upcoming NDC cycle(s), in the light of different national circumstances.

We will contribute to a successful conclusion of the first global stocktake at COP28 in

Dubai, that drives enhanced climate action across mitigation, adaptation, and means of

implementation and support. We reiterate our commitment to achieve global net zero

GHG emissions/carbon neutrality by or around mid-century, while taking into account

the latest scientific developments and in line with different national circumstances,

taking into account different approaches including the Circular Carbon Economy, socioeconomic, technological, and market development, and promoting the most efficient

solutions.

Macroeconomic risks stemming from climate change and transition pathways

35. The macroeconomic costs of the physical impacts of climate change are significant both

at aggregate and country levels, and the cost of inaction substantially outweighs that of

orderly and just transitions. We recognise the importance of international dialogue and

cooperation, including in the areas of finance and technology, and timely policy action

consistent with country-specific circumstances. It is also critical to assess and account

for the short, medium and long-term macroeconomic impact of both the physical impact

of climate change and transition policies, including on growth, inflation, and

unemployment. We endorse the G20 Report on Macroeconomic Risks Stemming from

Climate Change and Transition Pathways. Building on analysis in this Report, we will

consider further work on the macroeconomic implications, as appropriate, particularly

as relevant for fiscal and monetary policies, drawing on the inputs from a diverse set of

stakeholders.

Mainstreaming Lifestyles for Sustainable Development (LiFE)

36. Based on the G20 High-Level Principles on Lifestyles for Sustainable Development, we

commit to robust collective actions that will enable the world to embrace sustainable

13

Zero Draft

production and consumption patterns and mainstream Lifestyles for Sustainable

Development. Relevant studies on it show that it could contribute to significant emission

reduction by 2030 for a global net-zero future. We support the creation of an enabling

policy environment to promote sustainable lifestyles for climate action. Towards this

end, we:

i. Commit to implement the G20 High-Level Principles on Lifestyles for Sustainable

Development.

ii. Support the implementation of the High-Level Principles (HLPs) through

international cooperation, financial support, and development, deployment and

dissemination of technology. We encourage International Organizations to

incorporate the HLPs into their programs, as appropriate.

iii. Note the launch of “Travel for LiFE” and support the development of smart

destinations that are responsible and sustainable.

Designing a Circular Economy World

37. In order to endeavour to decouple our economic growth from environmental

degradation and enhance sustainable consumption and production, including primary

resource consumption while supporting economic growth, we acknowledge the critical

role played by circular economy, extended producer responsibility and resource

efficiency in achieving sustainable development. We thank the Indian presidency in

launching Resource Efficiency and Circular Economy Industry Coalition (RECEIC). We

commit to enhance environmentally sound waste management, substantially reduce

waste generation by 2030, and highlight the importance of zero waste initiatives.

Implementing Clean, Sustainable, Just, Affordable & Inclusive Energy Transitions

38. We commit to accelerating clean, sustainable, just, affordable and inclusive energy

transitions following various pathways, as a means of enabling strong, sustainable,

balanced and inclusive growth and achieve our climate objectives. We recognise the

needs, vulnerabilities, priorities and different national circumstances of developing

countries. We support strong international and national enabling environments to foster

innovation, voluntary and mutually agreed technology transfer, and access to low-cost

financing. To this end, we:

i. Emphasise the importance of maintaining uninterrupted flows of energy from

various sources, suppliers and routes, exploring paths of enhanced energy security

and market stability, including through inclusive investments to meet the growing

energy demand, in line with our sustainable development and climate goals, while

promoting open, competitive, non-discriminatory and free international energy

markets.

ii. Recognizing that developing countries need to be supported in their transitions to

low carbon/emissions, we will work towards facilitating low-cost financing for them.

iii. Support the acceleration of production, utilization, as well as the development of

transparent and resilient global markets for hydrogen produced from zero and low-

14

Zero Draft

emission technologies and its derivatives such as ammonia, by developing

voluntary and mutually agreed harmonising standards as well as mutually

recognised and inter-operable certification schemes. To realise this, we affirm the

‘G20 High Level Voluntary Principles on Hydrogen’, to build a sustainable and

equitable global hydrogen ecosystem that benefits all nations. We take note of the

Presidency’s initiative to establish the Green Hydrogen Innovation Centre steered

by the International Solar Alliance (ISA).

iv. Will work towards facilitating access to low-cost financing for developing countries,

for existing as well as new and emerging clean and sustainable energy technologies

and for supporting the energy transitions. We note the report on “Low-cost Financing

for the Energy Transitions” prepared under the Indian Presidency and its estimation

that the world needs an annual investment of over USD 4 trillion, with a high share

of renewable energy in the primary energy mix.

v. Will pursue and encourage efforts to triple renewable energy capacity globally

through existing targets and policies, as well as demonstrate similar ambition with

respect to other zero and low-emission technologies, including abatement and

removal technologies, in line with national circumstances by 2030. We also note the

‘Voluntary Action Plan for Promoting Renewable Energy to Accelerate Universal

Energy Access’.

vi. Pledge to advance cooperation initiatives to develop, demonstrate and deploy clean

and sustainable energy technologies and solutions and other efforts for innovation.

vii. Take note of the ‘Voluntary Action Plan on Doubling the Rate of Energy Efficiency

Improvement by 2030’.

viii. Recognize the importance of sustainable biofuels in our zero and low- emission

development strategies, and note the setting up of a Global Biofuels Alliance.

ix. Support reliable, diversified, sustainable and responsible supply chains for energy

transitions, including for critical minerals and materials beneficiated at source, semiconductors and technologies. We take note of the Presidency’s “Voluntary HighLevel Principles for Collaboration on Critical Minerals for Energy Transitions”.

x. For countries that opt to use civil nuclear energy, will collaborate on voluntary and

mutually agreed terms, in research, innovation, development & deployment of civil

nuclear technologies including advanced and Small Modular Reactors (SMRs), in

accordance with national legislations. These countries will promote responsible

nuclear decommissioning, radioactive waste and spent fuel management and

mobilizing investments, and share knowledge and best practices, through

strengthening international cooperation to promote nuclear safety globally.

xi. Recognize the role of grid interconnections, resilient energy infrastructure and

regional/cross-border power systems integration, where applicable in enhancing

energy security, fostering economic growth and facilitating universal energy access

for all.

15

Zero Draft

xii. Will increase our efforts to implement the commitment made in 2009 in Pittsburgh

to phase-out and rationalise, over the medium term, inefficient fossil fuel subsidies

that encourage wasteful consumption and commit to achieve this objective, while

providing targeted support for the poorest and the most vulnerable.

xiii. Recognise the importance to accelerate the development, deployment and

dissemination of technologies, and the adoption of policies, to transition towards

low-emission energy systems, including by rapidly scaling up the deployment of

clean power generation, including renewable energy, as well as energy efficiency

measures, including accelerating efforts towards phasedown of unabated coal

power, in line with national circumstances and recognizing the need for support

towards just transitions.

Delivering on Climate and Sustainable Finance

39. We welcome the Sustainable Finance Working Group (SFWG) recommendations on

the mechanisms to support the timely and adequate mobilisation of resources for

climate finance while ensuring support for transition activities in line with country

circumstances. We also recognise the significant role of public finance as an important

enabler of climate actions, such as leveraging much-needed private finance through

blended financial instruments, mechanisms and risk-sharing facilities to address both

adaptation and mitigation efforts in a balanced manner for reaching ambitious

Nationally Determined Contributions (NDCs), carbon neutrality and net-zero

considering different national circumstances. We welcome the SFWG

recommendations for scaling up blended finance and risk-sharing facilities, including

the enhanced role of MDBs in mobilizing climate finance. We underscore the

importance of maximizing the effect of concessional resources, such as those of the

multilateral climate funds, to support developing countries’ implementation of the Paris

Agreement and call for an ambitious second replenishment process of the Green

Climate Fund for its upcoming 2024-2027 programming period We will undertake work

to facilitate access to multilateral climate funds and enhance their leverage and ability

to mobilize private capital. Recognizing the importance of supporting the

commercialization of early-stage technologies that avoid, abate and remove

greenhouse gas emissions and facilitate adaptation, we note the recommendations on

financial solutions, policies, and incentives to encourage greater private flows for the

rapid development, demonstration, and deployment of green and low-emission

technologies. We reiterate the importance of a policy mix consisting of fiscal, market

and regulatory mechanisms, including, as appropriate, the use of carbon pricing and

non-pricing mechanisms and incentives toward carbon neutrality and net zero.

40. We endorse the multi-year G20 Technical Assistance Action Plan (TAAP) and the

voluntary recommendations made to overcome data-related barriers to climate

investments. We encourage the implementation of TAAP by relevant jurisdictions and

stakeholders in line with the national circumstances. We look forward to reporting on

the progress made in the implementation of the G20 Sustainable Finance Roadmap,

which is voluntary and flexible in nature, and call for further efforts to advance the

Roadmap’s recommended actions that will scale up sustainable finance, including,

among others, the implementation of the Transition Finance Framework. We look

forward to the 2023 G20 Sustainable Finance Report. We welcome the finalization of

the sustainability and climate-related disclosure standards published by the

16

Zero Draft

International Sustainability Standards Board (ISSB) in June 2023, which provide the

mechanisms that address proportionality and promote interoperability. It is important

that flexibility, to take into account country-specific circumstances, is preserved in the

implementation of those standards. When put into practice as above, those standards

will help support globally comparable and reliable disclosures.

41. We recognise the need for increased global investments to meet our climate goals of

the Paris Agreement, and to rapidly and substantially scale up investment and climate

finance from billions to trillions of dollars globally from all sources. In this regard, it is

essential to align all relevant financial flows with these objectives while scaling up

finance, capacity building and technology transfer on voluntary and mutually agreed

terms, taking into account the priorities and needs of developing countries. To achieve

this, we:

i. Note the need of USD 5.8-5.9 trillion in the pre-2030 period required for developing

countries, in particular for their needs to implement their NDCs, as well as the need

of USD 4 trillion per year for clean energy technologies by 2030 to reach net zero

emissions by 2050.

ii. We recall and reaffirm the commitment made in 2010 by the developed countries to

the goal of mobilizing jointly USD 100 billion climate finance per year by 2020, and

annually through 2025, to address the needs of the developing countries, in the

context of meaningful mitigation action and transparency in implementation.

Developed country contributors expect this goal to be met for the first time in 2023.

iii. We will work to successfully implement the decision at COP27 on funding

arrangements for responding to loss and damage for assisting developing countries

that are particularly vulnerable to the adverse effects of climate change, including

establishing a fund. We will support the Transitional Committee established in this

regard, and look forward to its recommendations on operationalization of the new

funding arrangements including a fund at COP28.

iv. Call on Parties to set an ambitious, transparent and trackable New Collective

Quantified Goal (NCQG) of climate finance in 2024, from a floor of USD 100 billion

a year, taking into account the needs and priorities of developing countries in

fulfilling the objective of the UNFCCC and implementation of the Paris Agreement.

v. Recalling para 18 of the Glasgow Climate Pact, we urge the developed countries to

fulfil their commitment to at least double their collective provision of adaptation

finance from 2019 levels by 2025, in the context of achieving scaled up financial

resources.

vi. Call on all relevant financial institutions, such as MDBs and multilateral funds to

further strengthen their efforts including by setting ambitious adaptation finance

targets and announcing, where appropriate, revised and enhanced 2025

projections.

17

Zero Draft

vii. Acknowledge the vital role of private climate finance in supplementing public climate

finance and encourage the development of financing mechanisms such as blended

finance, de-risking instruments and green bonds for projects in developing

countries.

Conserving, Protecting, Sustainably Using and Restoring Ecosystems

42. We emphasize the importance of healthy ecosystems in addressing climate change,

biodiversity loss, desertification, drought, land degradation, pollution, food insecurity

and water scarcity. We commit to restoring by 2030 at least 30% of all degraded

ecosystems and scaling up efforts to achieve land degradation neutrality. To achieve

this, we:

i. Commit to the swift, full and effective implementation of the Kunming-Montreal

Global Biodiversity Framework (GBF), and encourage others to do the same, and

encourage actions to halt and reverse biodiversity loss by 2030. We also call for

enhanced financial resources from all sources. To this end, we welcome the recent

establishment of the Global Biodiversity Framework Fund within the Global

Environment Facility (GEF).

ii. Support the G20 ambition to reduce land degradation by 50% by 2040 on a

voluntary basis, as committed under the G20 Global Land Initiative (GLI) and note

the discussions on the Gandhinagar Implementation Roadmap and the

Gandhinagar Information Platform.

iii. Recognize that forests provide crucial ecosystem services, as well as for climate

purposes acting as sinks, at the global and local levels for the environment, climate

and people. We will scale up efforts to protect, conserve and sustainably manage

forests and combat deforestation, in line with internationally agreed timelines,

highlighting the contributions of these actions for sustainable development and

taking into account the social and economic challenges of local communities and

indigenous peoples. In the context of forests, we will avoid discriminatory green

economic policies, consistent with WTO rules and multilateral environmental

agreements. We are committed to mobilizing new and additional finance for forests

from all sources, including concessional and innovative financing, in particular for

developing countries. We commit to prevention and mitigation of wildfires and

remediation of mining-degraded lands.

iv. Call for enhancing global cooperation and sharing of best practices on water, and

welcome the deliberations at the UN 2023 Water Conference and G20 Dialogue on

Water.

Harnessing and Preserving the Ocean-based Economy

43. We commit to conserving, protecting, restoring and sustainably using the world’s

ocean, marine ecosystems, and look forward to make progress and in this regard,

contribute to the 2025 UN Ocean Conference. To this end, we:

i. Welcome the Chennai High-Level Principles for a Sustainable and Resilient

Blue/Ocean-based Economy.

18

Zero Draft

ii. Note the adoption of the new international legally binding instrument under the UN

Convention on the Law of the Sea (UNCLOS) on the conservation and sustainable

use of marine Biological diversity of areas Beyond National Jurisdiction (BBNJ) and

call on all countries for its early entry into force and implementation.

iii. Support the Commission for the Conservation of Antarctic Marine Living Resources

(CCAMLR), within the Antarctic Treaty system, to establish a representative system

of Marine Protected Areas (MPAs) in the CCAMLR Convention area based on the

best available scientific evidence.

iv. Reiterate our commitment to ending illegal, unreported, and unregulated (IUU)

fishing, as well as destructive fishing methods in accordance with international law.

v. Support the role of Ocean 20 Dialogue in making progress to achieve this agenda.

Ending Plastic Pollution

44. We are determined to end plastic pollution. In this context, we welcome the resolution

UNEP/EA.5/Res.14 which established an Intergovernmental Negotiating Committee

(INC) to develop an international legally binding instrument on plastic pollution,

including the marine environment, with the ambition of completing its work by the end

of 2024. We will also build on the G20 Marine Litter Action Plan as elucidated in the

Osaka Blue Ocean Vision.

Financing Cities of Tomorrow

45. We emphasise the need for enhanced mobilisation of finances and efficient use of

existing resources in our efforts to make the cities of tomorrow inclusive, resilient, and

sustainable. To this effect, we endorse the G20 Principles for Financing Cities of

Tomorrow, which are voluntary and non-binding in nature and the G20/OECD Report

on Financing Cities of Tomorrow, which provides a financing strategy as well as

presents a compendium of innovative urban planning and financing models. We

encourage stakeholders, including the Development Financial Institutions and the

MDBs, to explore the potential of drawing upon these principles in their planning and

financing of urban infrastructure wherever applicable and share experiences from early

pilot cases. We note the progress in outlining the enablers of inclusive cities. We also

note the customisable G20/ADB Framework on Capacity Building of Urban

Administration to guide local governments in assessing and enhancing their overall

institutional capacity for the effective delivery of public services. We note the ongoing

pilot application of the voluntary and non-binding Quality Infrastructure Investment (QII)

Indicators and look forward to further discussion on their application considering

country circumstances.

Reducing Disaster Risk and Building Resilient Infrastructure

46. This year, the G20 Presidency has catalysed efforts on disaster risk reduction in the

G20 through institutionalization of the Disaster Risk Reduction (DRR) Working Group

as noted by UNGA res. 77/289. We reaffirm the Sendai Framework for Disaster Risk

19

Zero Draft

Reduction (SFDRR) and recognize the need for accelerating its full implementation. To

this end, we:

i. Urge for accelerating progress on Early Warning and Early Action through

strengthening national and local capacities, innovative financing tools, private sector

investment, and knowledge sharing.

ii. Continue to support augmentation of capabilities of all countries, including emerging

economies, in particular developing countries, LDCs and SIDS, for promoting

disaster and climate resilience of infrastructure systems. We welcome the Global

Platform for DRR and take note of initiatives such as the Coalition for Disaster

Resilient Infrastructure (CDRI) in furtherance of such collaboration and sharing.

iii. Promote mutual learning of recovery experiences applying all the principles of

Sendai Framework.

D. Multilateral Institutions for the 21st Century

Reinvigorating Multilateralism

47. The global order has undergone dramatic changes since the Second World War due to

economic growth and prosperity, decolonization, demographic dividends, technological

achievements, emergence of new economic powers and deeper international

cooperation. The United Nations must be responsive to the entire membership, faithful

to its founding purposes and principles of its Charter and adapted to carrying out its

mandate. In this context, we recall the Declaration on the Commemoration of the 75th

anniversary of the United Nations (UNGA 75/1) which reaffirmed that our challenges

are inter-connected and can only be addressed through reinvigorated multilateralism,

reforms and international cooperation. The need for revitalized multilateralism to

adequately address contemporary global challenges of the 21st Century, and to make

global governance more representative, effective, transparent and accountable, has

been voiced at multiple fora. In this context, a more inclusive and reinvigorated

multilateralism and reform aimed at implementing the 2030 agenda is essential.

Reforming International Financial Institutions

48. The 21st century also requires an international development finance system that is fit

for purpose, including for the scale of need and depth of the shocks facing developing

countries, in particular the poorest and most vulnerable. We are working to deliver

better, bigger and more effective MDBs by enhancing operating models, improving

responsiveness and accessibility, and substantially increasing financing capacity to

maximise development impact. Stronger MDBs will be important to our efforts to

mobilize financing from all sources for a quantum jump from billions to trillions of dollars

for development. We underscore the need for enhancing representation and voice of

developing countries in decision-making in global international economic and financial

institutions in order to deliver more effective, credible, accountable and legitimate

institutions. The international finance system must deliver significantly more financing

to help developing countries and EMEs to fight poverty, tackle global challenges and

maximise development impact.

20

Zero Draft

49. We remain committed to pursuing ambitious efforts to evolve and strengthen MDBs to

address the global challenges of the 21st century with a continued focus on addressing

the development needs of low- and middle-income countries.

50. We endorse the G20 Roadmap for Implementing the Recommendations of the G20

Independent Review of MDBs Capital Adequacy Frameworks (CAFs) and call for its

ambitious implementation, within MDBs’ own governance frameworks while

safeguarding their long-term financial sustainability, robust credit ratings and preferred

creditor status. We also call for a regular review of the progress of implementation on

a rolling basis including through engaging with MDBs, subject experts and

shareholders. We commend the MDBs for their progress in implementing the CAF

recommendations, especially with respect to adapting definitions of risk appetite and

financial innovation. We appreciate the ongoing collaboration among MDBs on the

timely release of Global Emerging Markets (GEMs) data and the launch of GEMs 2.0

as a stand-alone entity by early 2024. Going forward, we also encourage MDBs to

collaborate in areas such as hybrid capital, callable capital, and guarantees. We

appreciate the enhanced dialogue between the MDBs, Credit Rating Agencies and

shareholders and encourage continued transparency in the exchange of information

and rating methodologies. We take note that initial CAF measures, including those

under implementation and consideration, could potentially yield additional lending

headroom of approximately USD 200 billion over the next decade, as estimated in the

G20 CAF Roadmap. While these are encouraging first steps, we will need to give an

additional push for continued and further impetus on CAF implementation.

51. Furthermore, we call on the MDBs to undertake comprehensive efforts to evolve their

vision, incentive structures, operational approaches and financial capacities so that

they are better equipped to maximize their impact in addressing a wide range of global

challenges while being consistent with their mandate and commitment to accelerate

progress towards Sustainable Development Goals (SDGs). We welcome the World

Bank’s progress on their Evolution Roadmap and look forward to further steps by the

IMF/WBG Annual Meetings in Marrakesh and beyond. Recognising the urgent need to

strengthen and evolve the MDB ecosystem for the 21st century, we appreciate the

efforts of the G20 Independent Expert Group on Strengthening MDBs in preparing

Volume 1 of the Report and look forward to its examination in conjunction with Volume

2 expected in October 2023. We take note of Volume 1’s recommendations and the

MDBs may choose to discuss these recommendations as relevant and appropriate,

within their governance frameworks, in due course, with a view to enhancing the

effectiveness of MDBs. We support the upcoming G20 High-Level Seminar, on the

sidelines of the Fourth G20 FMCBG in October 2023 on strengthening the financial

capacity of MDBs. Scaling up investment to meet development needs and global

challenges requires a big push on investments and, in this context, we ask the IMF and

the World Bank, in coordination with other relevant international institutions, to support

efforts at enhancing domestic resource mobilisation in EMDEs. We call on the MDBs

to also leverage private capital through innovative financing models and new

partnerships to maximise their development impact. Recognizing other multilateral

efforts, we take note of the Summit for a New Global Financing Pact.

52. Recognizing the imperative of achieving the SDGs, we will collectively mobilize more

21

Zero Draft

headroom and concessional finance to boost the World Bank’s capacity to support low

and middle-income countries that need help in addressing global challenges, with a

clear framework for the allocation of scarce concessional resources, and to provide

strong support for the poorest countries. Therefore, we are exploring options that will

deliver a powerful boost to IBRD headroom, reduce the cost of investments addressing

global challenges, and increase the capacity of the IDA crisis response window. We

also look forward to an ambitious IDA21 replenishment to increase IDA financing

capacity. We acknowledge the concluding report on the 2020 Shareholding Review of

the International Bank for Reconstruction and Development (IBRD) and look forward to

the 2025 Shareholding Review.

53. We reiterate our commitment to a strong, quota-based, and adequately resourced IMF

at the centre of the global financial safety net. We remain committed to revisiting the

adequacy of quotas and will continue the process of IMF governance reform under the

16th General Review of Quotas (GRQ), including a new quota formula as a guide, and

ensure the primary role of quotas in IMF resources, to be concluded by December 15,

2023. In this context, we support at least maintaining the IMF’s current resource

envelope. We welcome the landmark achievement of the global ambition of USD 100

billion of voluntary contributions (in SDRs or equivalent) and USD 2.6 billion of grants

in pledges for countries most in need and call for the swift delivery of pending pledges.

We welcome the progress achieved under the Resilience and Sustainability Trust

(RST) and Poverty Reduction and Growth Trust (PRGT). We call for further voluntary

subsidy and loan pledges to the PRGT and will continue to monitor the effectiveness of

RST supported programs. We look forward to the preliminary analysis by the IMF of the

range of options to put the PRGT on a sustainable footing with a view to meeting the

growing needs of low-income countries in the coming years. The G20 reiterates its

continued support to Africa, including through the G20 Compact with Africa. We look

forward to further progress on the exploration of viable options for voluntary channelling

of SDRs through MDBs, while respecting relevant legal frameworks and the need to

preserve the reserve asset character and status of SDR. We look forward to review of

precautionary arrangements and take note of the discussions held on the IMF

surcharge policy.

Managing Global Debt Vulnerabilities

54. We re-emphasise the importance of addressing debt vulnerabilities in low and middleincome countries in an effective, comprehensive and systematic manner. We continue

to stand by all the commitments made in the Common Framework for Debt Treatments

beyond the DSSI, including those in the second and final paragraphs, as agreed on

November 13, 2020, and step up the implementation of the Common Framework in a

predictable, timely, orderly and coordinated manner. To this end, we call for continued

discussion on policy-related issues linked to the implementation of the Common

Framework for making appropriate recommendations. We welcome the recent

agreement between the Government of Zambia and the official creditor committee on

debt treatment and look forward to a swift resolution. We welcome the formation of the

official creditor committee for Ghana and look forward to an agreement on a debt

treatment as soon as possible. We also call for a swift conclusion of the debt treatment

for Ethiopia. Beyond the Common Framework, we welcome all efforts for timely

resolution of the debt situation of Sri Lanka, including the formation of the official

22

Zero Draft

creditor committee, and we call for the resolution as soon as possible. We encourage

the efforts of the Global Sovereign Debt Roundtable (GSDR) participants to strengthen

communication and foster a common understanding among key stakeholders, both

within and outside the Common Framework, for facilitating effective debt treatments.

We welcome joint efforts by all stakeholders, including private creditors, to continue

working towards enhancing debt transparency. We note the results of the voluntary

stocktaking exercise of data sharing with International Financial Institutions. We

welcome the efforts of private sector lenders who have already contributed data to the

joint Institute of International Finance (IIF)/OECD Data Repository Portal and continue

to encourage others to also contribute on a voluntary basis.

E. Technological Transformation and Digital Public Infrastructure

55. Technology can enable rapid transformations for bridging the existing digital divides

and accelerate progress for inclusive and sustainable development. Digital public

infrastructure (DPI), as an evolving concept and as a set of shared digital systems, built

and leveraged by both the public and private sectors, based on secure and resilient

infrastructure, and can be built on open standards and specifications, as well as

opensource software can enable delivery of services at societal-scale. In our voluntary

efforts to make digital public infrastructure interoperable, we recognize the importance

of data free flow with trust and cross-border data flows while respecting applicable legal

frameworks. We also reaffirm the role of Data for Development.

Building Digital Public Infrastructure

56. We recognize that safe, secure, trusted, accountable and inclusive digital public

infrastructure, respectful of human rights, personal data, privacy and intellectual

property rights can foster resilience, and enable service delivery and innovation. To this

end, we:

i. Welcome the G20 Framework for Systems of Digital Public Infrastructure, a

voluntary and suggested framework for the development, deployment and

governance of DPI.

ii. Welcome India’s plan to build and maintain a Global Digital Public Infrastructure

Repository (GDPIR), a virtual repository of DPI, voluntarily shared by G20 members

and beyond.

iii. Take note of the Indian Presidency’s proposal of the One Future Alliance (OFA), a

voluntary initiative aimed to build capacity, and provide technical assistance and

adequate funding support for implementing DPI in LMICs.

Building Safety, Security, Resilience and Trust in the Digital Economy

57. An enabling, inclusive, open, fair, non-discriminatory and secure digital economy is

increasingly important for all countries and stakeholders while respecting applicable

legal frameworks. We will share our approaches and good practices to build a safe,

secure and resilient digital economy. To this extent, we:

23

Zero Draft

i. Welcome the non-binding G20 High-level Principles to Support Businesses in

Building Safety, Security, Resilience, and Trust in the Digital Economy.

ii. Welcome the G20 Toolkit on Cyber Education and Cyber Awareness of Children

and Youth.

Crypto-assets: Policy and Regulation

58. We continue to closely monitor the risks of the fast-paced developments in the cryptoasset ecosystem. We endorse the Financial Stability Board’s (FSB’s) high-level

recommendations for the regulation, supervision and oversight of crypto-assets

activities and markets and of global stablecoin arrangements. We ask the FSB and

SSBs to promote the effective and timely implementation of these recommendations in

a consistent manner globally to avoid regulatory arbitrage. We welcome the shared

FSB and SSBs workplan for crypto assets. We welcome the IMF-FSB Synthesis Paper,

including a Roadmap, that will support a coordinated and comprehensive policy and

regulatory framework taking into account the full range of risks and risks specific to the

emerging market and developing economies (EMDEs) and ongoing global

implementation of FATF standards to address money laundering and terrorism

financing risks. Our Finance Ministers and Central Bank Governors will discuss taking

forward the Roadmap at their meeting in October 2023. We also welcome the BIS

Report on The Crypto Ecosystem: Key Elements and Risks.

Central Bank Digital Currency

59. We welcome discussions on the potential macro-financial implications arising from the

introduction and adoption of Central Bank Digital Currencies (CBDCs), notably on

cross-border payments as well as on the international monetary and financial system.

We welcome the BIS Innovation Hub (BISIH) Report on Lessons Learnt on CBDCs and

look forward to the IMF Report on Potential macro-financial implications of widespread

adoption of CBDCs to advance the discussion on this issue.

Fostering Digital Ecosystems

60. We resolve to deploy all available digital tools and technologies and spare no effort in

fostering safe and resilient digital ecosystems, and ensuring that every citizen on our

planet is financially included. To support this, we:

i. Commit to promote responsible, sustainable and inclusive use of digital technology

by farmers and an ecosystem of Agri-Tech start-ups and MSMEs.

ii. Welcome the establishment of the Global Initiative on Digital Health (GIDH) within

a WHO-managed framework to build a comprehensive digital health ecosystem in

compliance with respective data protection regulations.

iii. Will leverage digital technologies for the protection and promotion of culture and

cultural heritage and adopt digital frameworks for the development of cultural and

creative sectors and industries.

24

Zero Draft

Harnessing Artificial Intelligence (AI) Responsibly for Good and for All

61. The rapid progress of AI promises prosperity and expansion of the global digital

economy. It is our endeavour to leverage AI for the public good by solving challenges

in a responsible, inclusive and human-centric manner, while protecting people’s rights

and safety. To ensure responsible AI development, deployment and use, the protection

of human rights, transparency and explainability, fairness, accountability, regulation,

safety, appropriate human oversight, ethics, biases, privacy, and data protection must

be addressed. To unlock the full potential of AI, equitably share its benefits and mitigate

risks, we will work together to promote international cooperation and further discussions

on international governance for AI. To this end, we:

i. Reaffirm our commitment to G20 AI Principles (2019) and endeavour to share

information on approaches to using AI to support solutions in the digital economy.

ii. Will pursue a pro-innovation regulatory/governance approach that maximizes the

benefits and takes into account the risks associated with the use of AI.

iii. Will promote responsible AI for achieving SDGs.

F. International Taxation

62. We reaffirm our commitment to continue cooperation towards a globally fair,

sustainable and modern international tax system appropriate to the needs of the 21st

century. We remain committed to the swift implementation of the two-pillar international

tax package. Significant progress has been made on Pillar One including the delivery

of a text of a Multilateral Convention (MLC), and work on Amount B (framework for

simplified and streamlined application of the arm’s length principle to in-country

baseline marketing and distribution activities) as well as the completion of the work on

the development of the Subject to Tax Rule (STTR) under Pillar Two. We call on the

Inclusive Framework to resolve swiftly the few pending issues relating to the MLC with

a view to preparing the MLC for signature in the second half of 2023 and completing

the work on Amount B by the end of 2023. We welcome the steps taken by various

countries to implement the Global Anti-Base Erosion (GloBE) Rules as a common

approach. We recognise the need for coordinated efforts towards capacity building to

implement the two-pillar international tax package effectively and, in particular,

welcome a plan for additional support and technical assistance for developing

countries. We note the 2023 update of the G20/OECD Roadmap on Developing

Countries and International Taxation. We call for the swift implementation of the CryptoAsset Reporting Framework (“CARF”) and amendments to the CRS. We ask the Global

Forum on Transparency and Exchange of Information for Tax Purposes (“Global

Forum”) to identify an appropriate and coordinated timeline to commence exchanges

by relevant jurisdictions, noting the aspiration of a significant number of these

jurisdictions to start CARF exchanges by 2027 and to report to our future meetings on

the progress of its work. We note the OECD Report on Enhancing International Tax

Transparency on Real Estate and the Global Forum Report on Facilitating the Use of

Tax-Treaty-Exchanged Information for Non-Tax Purposes.

25

Zero Draft

G. Gender Equality and Empowering All Women and Girls

63. The G20 reaffirms that gender equality is of fundamental importance, and that investing

in the empowerment of all women and girls, has a multiplier effect in implementing the

2030 Agenda.

Enhancing Economic and Social Empowerment

64. We encourage women-led development and remain committed to enhancing women’s

full, equal, effective, and meaningful participation as decision makers for addressing

global challenges inclusively and in contributing as active participants in all spheres of

society, across all sectors and at all levels of the economy, which is not only crucial for

achieving gender equality, but also for contributing to global GDP growth. To this end,

we:

i. Reaffirm our commitment to achieving the Brisbane Goal to reduce the gap in labour

force participation and implementing the G20 Roadmap Towards and Beyond the

Brisbane Goal ‘25 by 25’ and ask the ILO and OECD to report progress annually.

ii. Ensure equal access to affordable, inclusive, equitable, safe and quality education

from early childhood through higher education to lifelong learning and support the

greater enrolment, participation and leadership of all women and girls, including

those with disabilities, in STEM fields and in emerging digital technologies.

iii. Take steps to promote the full and meaningful participation of women in a

transitioning world of work by enabling inclusive access to employment

opportunities, with a focus on closing the gender pay gap and ensuring women’s

equal access to decent work and quality jobs.

iv. Promote investment in the availability and accessibility of social protection, and to

affordable care infrastructure to address the unequal distribution in paid and unpaid

care and domestic work and to promote the continued participation of women in

education and employment.

v. Commit to eliminate gender-based violence including sexual violence, harassment,

discrimination and abuse against women and girls both online and offline, and

ensure safe workplaces in this regard.

vi. Promote women’s inclusion into the formal financial system by strengthening their

access to economic resources, particularly through digital finance and microfinance.

vii. Eliminate gender stereotypes and biases, and change norms, attitudes and

behaviours that perpetuate gender inequality.

Bridging the Gender Digital Divide

65. We commit to halve the digital gender gap by 2030. To this end, we will:

i. Address gender norms and barriers to accessibility, affordability, adoption, and

usage of digital technologies.

26

Zero Draft

ii. Promote regulatory policy frameworks that enable all women and girls to actively

participate in the formulation and implementation of national digital strategies,

including enhancing digital literacy and skills.

iii. Identify and eliminate all potential risks that women and girls encounter from

increased digitalization, including all forms of online and offline abuse, by

encouraging the adoption of safety-by-design approaches in digital tools and

technologies.

iv. Promote and implement gender-responsive policies to create an enabling, inclusive,

and non-discriminatory digital economy for women-led and -owned businesses,

including MSMEs.

v. Encourage and support initiatives by identifying, funding, and accelerating proven

solutions, thereby improving women’s livelihoods and income security.

vi. Welcome initiatives to support women empowerment in the digital economy.

Driving Gender Inclusive Climate Action

66. Acknowledging the disproportionate impact of climate change, biodiversity loss,

desertification and pollution on all women and girls, accelerating climate action must

have gender equality at its core. To this end, we will:

i. Support and increase women’s participation, partnership, decision-making and

leadership in climate change mitigation and adaptation, and disaster risk reduction

strategies and policy frameworks on environmental issues.

ii. Support gender-responsive and environment-resilient solutions, including water,

sanitation and hygiene (WASH) solutions, to build resilience to the impact of climate

change and environmental degradation.

Securing Women’s Food Security, Nutrition, and Well-Being

67. Women’s food security and nutrition is the cornerstone of individual and community

development as it lays the foundation for women’s health, as well as that of her children,

family and general well-being of the community. To this end, we will:

i. Encourage investments in inclusive, sustainable and resilient agriculture and food

systems. Support accessible, affordable, safe and nutritious food and healthy diets

in school meal programmes. Promote innovation for inclusive agri-value chains

and systems by and for women farmers.

ii. Support gender-responsive and age-sensitive nutrition and food system

interventions by leveraging innovative financing instruments and social protection

systems in ending hunger and malnutrition.

27

Zero Draft

Creation of a Working Group on the Empowerment of Women

68. We agree to create a new Working Group on Empowerment of Women to support the

G20 Women’s Ministerial and look forward to the convening of its first meeting during

the Brazilian G20 Presidency.

H. Financial Sector Issues

69. We continue to strongly support the work of the FSB and SSBs to address

vulnerabilities and enhance the resilience of non-bank financial intermediation (NBFI)

from a systemic perspective while monitoring evolving developments in NBFI. We

welcome the FSB’s consultation report on revisions to the FSB 2017 recommendations

on addressing liquidity mismatch in open-ended funds and the FSB report on the

financial stability implications of leverage in NBFI, and we support work to promote

implementation of the FSB money market fund proposals. We welcome the FSB’s

recommendations to achieve greater convergence in cyber incident reporting, updates

to the Cyber Lexicon and Concept Note for a Format for Incident Reporting Exchange

(FIRE). We look forward to the FSB’s further work on FIRE and ask the FSB to develop

an action plan with appropriate timelines. We welcome the FSB’s consultation Report

on Enhancing Third-party Risk Management and Oversight. We expect the toolkit to

support efforts in enhancing the operational resilience of financial institutions,

addressing the challenges arising from their growing reliance on critical third-party

service providers, including BigTechs and FinTechs, as well as reducing fragmentation

in regulatory and supervisory approaches across jurisdictions and in different areas of

the financial services sector.

70. We reaffirm our commitment to the effective implementation of the prioritised actions

for the next phase of the G20 Roadmap for Enhancing Cross-border Payments to

achieve global targets for faster, cheaper, more transparent and inclusive cross-border

payments by 2027 and welcome the initiatives undertaken by SSBs and international

organisations in this direction. We welcome the successful conclusion of the G20

TechSprint 2023, a joint initiative with the BIS Innovation Hub, which will promote

innovative solutions aimed at improving cross-border payments.

71. We welcome the annual progress report on the FSB’s Roadmap for Addressing

Financial Risks from Climate Change. We endorse the revised G20/OECD Principles

of Corporate Governance with the aim to strengthen policy and regulatory frameworks

for corporate governance that support sustainability and access to finance from capital

markets, which in turn can contribute to the resilience of the broader economy. We

reiterate our commitment to promote sustainable capital flows. To this effect, we take

note of the OECD’s Report, “Towards Orderly Green Transition – Investment

Requirements and Managing Risks to Capital Flows”.

I. Countering Terrorism and Money laundering

72. We condemn terrorism in all its forms and manifestations, including those on the basis

of xenophobia, racism and other forms of intolerance, or in the name of religion or belief,

recognizing the commitment of all religions to peace. It constitutes one of the most

serious threats to international peace and security.

28

Zero Draft

73. We strongly condemn all terrorist acts against critical infrastructure, including critical

energy facilities, and against other vulnerable targets. All acts of terrorism are criminal

and unjustifiable, regardless of their motivation, wherever, whenever and by

whomsoever committed. Effective counterterrorism measures, support for the victims

of terrorism and the protection of human rights are not conflicting goals, but

complementary and mutually reinforcing. A holistic approach on the basis of

international law can effectively counter terrorism. Efforts to increase the effectiveness

of international cooperation should be strengthened to deny terrorist groups safe haven,

freedom of operations, movement and recruitment, as well as financial, material or

political support.

74. We also express concern about illicit trafficking and diversion of small arms and light

weapons. International cooperation among States is critical to combat these

phenomena, including export, import controls, and tracing.

75. We commit to supporting the increasing resource needs of the Financial Action Task

Force (FATF) and FATF Style Regional Bodies and encourage others to do the same,

including for the next round of mutual evaluations. We remain committed to the timely

and global implementation of the revised FATF Standards on the transparency of

beneficial ownership of legal persons and legal arrangements to make it more difficult

for criminals to hide and launder ill-gotten gains. We welcome the ongoing work of the

FATF to enhance global efforts to recover criminal proceeds, in particular, the progress

made by the FATF towards revising its standards on asset recovery and reinforcing

global asset recovery networks. We reiterate the importance of countries developing

and implementing effective regulatory and supervisory frameworks to mitigate risks

associated with virtual assets in line with FATF Standards, especially for terrorism

financing, money laundering, and proliferation financing risks. In this regard, we support

the FATF's initiative to accelerate the global implementation of its standards, including

the “travel rule”, and its work on risks of emerging technologies and innovations,

including decentralised finance (DeFi) arrangements and peer-to-peer transactions.

J. Creating a More Inclusive World

76. We welcome the African Union as a permanent member of the G20 and strongly believe

that inclusion of the African Union into the G20 will significantly contribute to addressing

the global challenges of our time. We commend the efforts of all G20 members which

paved the way for accession of the African Union as a permanent member during

India’s Presidency of the G20. Africa plays an important role in the global economy. We

commit to strengthen our ties with and support the African Union realise the aspirations

under Agenda 2063. We also reiterate strong support to Africa, including through the

G20 Compact with Africa and G20 Initiative on supporting industrialization in Africa and

LDCs. We are supportive of further discussing the deepening of cooperation between

the G20 and other regional partners.

77. We reaffirm our commitment to support migrants, including migrant workers and

refugees in our efforts towards a more inclusive world, in line with national policies,

legislations and circumstances, ensuring full respect for the human rights and their

fundamental freedoms regardless of their migration status. We also recognize the

importance of preventing irregular migration flows and the smuggling of migrants, as

29

Zero Draft

part of a comprehensive approach for safe, orderly and regular migration while

responding to humanitarian needs and the root causes of displacement. We support

strengthening cooperation between countries of origin, transit and destination. We will

continue the dialogue on migration and forced displacement during future Presidencies.

78. We note the UNGA Resolution A/RES/77/318, particularly its commitment to promote

respect for religious and cultural diversity, dialogue and tolerance. We also emphasize

that freedom of religion or belief, freedom of opinion or expression, the right to peaceful

assembly, and the right to freedom of association are interdependent, inter-related and

mutually reinforcing and stress the role that these rights can play in the fight against all

forms of intolerance and discrimination based on religion or belief. In this regard, we

strongly deplore all acts of religious hatred against persons, as well as those of a

symbolic nature without prejudice to domestic legal frameworks, including against

religious symbols and holy books.

79. We will continue to integrate the perspectives of the developing countries into the G20

agendas and appreciate the G20 members’ initiatives in this regard.

Conclusion

80. We thank India for successfully hosting the 18th G20 Summit in New Delhi, for its warm

welcome to delegates, and for its valuable contributions to the strengthening of the G20.

We appreciate the successful conclusion of various G20 Working Groups and

Ministerial meetings and welcome their outcomes as annexed. We also congratulate

India on the successful landing on the moon on 23 August 2023.

81. We reiterate our commitment to the G20 as the premier forum for global economic

cooperation and its continued operation in the spirit of multilateralism, on the basis of

consensus, with all members participating on an equal footing in all its events including

Summits. We look forward to meeting again in Brazil in 2024 and in South Africa in

2025, as well as in the United States in 2026 at the beginning of the next cycle. We

welcome Saudi Arabia’s ambition to advance its turn for hosting the G20 Presidency in

the next cycle. We also look forward to the Paris Olympic and Paralympic Games in

2024 as a symbol of peace, dialogue amongst nations and inclusivity, with participation

of all.

82. We thank international organizations for their participation and support. We thank the

Engagement Groups of B20, S20, SAI20, Startup20, T20, U20, W20, Y20, C20, P20

and L20 and the Initiatives, namely, EMPOWER, Research Initiative, Space Economy

Leaders Meeting (SELM), Chief Science Advisers’ Roundtable (CSAR) and the G20

Cybersecurity Conference for their valuable recommendations.

83. Recalling our collective actions to stem earlier global crises, we are determined to steer

the world out of its current challenges and build a safer, stronger, more resilient,

inclusive and healthier future for our people and the planet.

30

Zero Draft

List of Documents Annexed to the G20 New Delhi Leaders’ Declaration, 2023

Ministerial Meetings and Working Group Documents:

1. G20 Agriculture Ministers’ Meeting Outcome Document and Chair’s Summary (16-17

June 2023, Hyderabad)

i. G20 Deccan High Level Principles on Food Security and Nutrition 2023

ii. Stocktaking of G20 Initiatives in Agriculture - Presidency’s Summary Statement

2. G20 Anti-Corruption Ministers’ Meeting Outcome Document and Chair’s Summary (12

August 2023, Kolkata)

i. G20 High-Level Principles on Strengthening Law Enforcement related International

Cooperation and Information Sharing for Combatting Corruption

ii. G20 High-Level Principles on Strengthening Asset Recovery Mechanisms for

Combatting Corruption

iii. G20 High-Level Principles on Promoting Integrity and Effectiveness of Public Bodies

and Authorities Responsible for Preventing and Combatting Corruption

iv. Accountability Report 2023 on Mutual Legal Assistance (MLA)

v. Compendium of Good Practices in Enhancing the Role of Auditing in Tackling

Corruption

3. G20 Culture Ministers’ Meeting Outcome Document and Chair’s Summary - Kashi

Culture Pathway (26 August 2023, Varanasi)

i. G20 Culture Working Group Terms of Reference

4. G20 Development Ministers’ Meeting Outcome Document and Chair’s Summary (12

June 2023, Varanasi)

5. G20 2023 Action Plan on Accelerating Progress on the SDGs (12 June 2023, Varanasi)

i. G20 High Level Principles on Harnessing Data for Development (D4D) to Accelerate

Progress on the SDGs

ii. Implementing Sustainable, Inclusive and Just Transitions Globally, while leaving no

one behind

iii. G20 Action Plan on Sustainable Development through Gender Equality on

Sustainable Development through Gender Equality and Empowerment of Women

6. G20 High Level Principles on Lifestyles for Sustainable Development (12 June 2023,

Varanasi)

7. G20 Digital Economy Ministers’ Meeting Outcome Document and Chair’s Summary (19

August 2023, Bengaluru)

i. G20 Framework for systems of Digital Public Infrastructure

ii. G20 High Level Principles to Support Business in Building Safety, Security,

Resilience, and Trust in the Digital Economy

iii. G20 Toolkit on Cyber Education and Cyber Awareness of Children and Youth

iv. G20 Toolkit for Designing and Introducing Digital Upskilling and Reskilling Programs

v. G20 Roadmap to Facilitate the Cross-Country Comparison of Digital Skills

8. G20 Disaster Risk Reduction Working Group Meeting Outcome Document and Chair’s

Summary (24- 25 July 2023, Chennai)

31

Zero Draft

9. G20 Environment & Climate Ministers’ Meeting Outcome Document and Chair’s

Summary (28 July 2023, Chennai)

i. Chennai High Level Principles for a Sustainable and Resilient Blue/Ocean-Based

Economy

ii. Presidency’s Gandhinagar Implementation Roadmap (GIR) And Gandhinagar

Information Platform (GIP) For strengthening the G20 Global Land Initiative.

iii. Compendium of Best Practices on Restoration of Mining Affected Areas.

iv. Compendium of Best Practices on Restoration of Forest Fire Affected Areas

v. Best Practices for Water Management

vi. Technical Study on Accelerating the Transition to a Sustainable and Resilient Blue

Economy

vii. G20 Report on Actions Against Marine Plastic Litter – Fifth Information Sharing

Based on G20 Implementation Framework

viii. Knowledge Exchange on Circular Economy in Steel Sector

ix. Knowledge Exchange on Extended Producer Responsibility for Circular Economy

x. Knowledge Exchange on Circular Bioeconomy

xi. Resource Efficiency and Circular Economy Industry Coalition (RECEIC)

10. G20 Education Ministers’ Meeting Outcome Document and Chair’s Summary (22 June

2023, Pune)

i. G20 EdWG Report: Education Policies and Programmes in G20 Countries

ii. G20 EdWG Compendium: Education Policies and Programmes in G20 Countries

11. G20 Energy Transitions Ministers’ Meeting Outcome Document and Chair’s Summary

(22 July 2023, Goa)

i. G20 High-Level Voluntary Principles on Hydrogen

ii. Voluntary High-Level Principles for Collaboration on Critical Minerals for Energy

Transitions

iii. Voluntary Action Plan on Doubling the Global Rate of Energy Efficiency

Improvement by 2030

iv. Voluntary Action Plan for Lowering the Cost of Finance for Energy Transitions

v. Voluntary Action Plan for Promoting Renewable Energy to Accelerate Universal

Energy Access.

12. G20 Foreign Ministers’ Meeting Chair’s Summary and Outcome Document (1-2 March

2023, New Delhi)

13. First G20 Finance Ministers and Central Bank Governors Meeting Chair’s Summary and

Outcome Document (24 - 25 February 2023, Bengaluru)

i. IMF G20 Note on the Macro financial Implications of Crypto Assets

ii. FSB Chair's Letter to G20 Finance Ministers and Central Bank Governors, February

2023.

iii. FSB Report on the Financial Stability Risks of Decentralised Finance

iv. FSB Report on the Financial Stability Aspects of Commodities Markets

v. FSB report: G20 Roadmap for Enhancing Cross-border Payments - Priority actions

for achieving the G20 targets

vi. OECD Secretary-General's Tax Letter to G20 Finance Ministers and Central Bank

Governors, February 2023.

32

Zero Draft

vii. OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank

Governors

14. Third G20 Finance Ministers and Central Bank Governors Meeting Outcome Document

and Chair’s Summary (17-18 July 2023, Gandhinagar)

i. G20 Report on Macroeconomic Impacts of Food and Energy Insecurity and their

implications for the global economy

ii. G20 Report on Macroeconomic risks stemming from climate change and transition

pathways

iii. G20 Roadmap for implementing the recommendations of the G20 Independent

Review of MDBs Capital Adequacy Frameworks (CAFs)

iv. Volume 1 of the G20 Expert Group on Strengthening MDBs

v. IMF Report on potential macro-financial implications of widespread adoption of

CBDCs

vi. BIS Innovation Hub (BISIH) Report on “Lessons learnt on CBDCs”

vii. OECD’s report on “Towards Orderly Green Transition – Investment Requirements

and Managing Risks to Capital Flows

viii. G20 note on the total global ambition of USD 100bn of voluntary contributions for

countries most in need

ix. G20 Principles for Financing Cities of Tomorrow: inclusive, resilient and sustainable

x. G20/OECD Report on Financing Cities of Tomorrow

xi. G20/ADB Framework on Capacity Building of Urban Administration

xii. G20 Sustainable Finance Working Group Deliverables, 2023

xiii. Framework on Economic Vulnerabilities and Risks (FEVR) and the initial Report for

economic vulnerabilities and risks arising from pandemics

xiv. Report on Best Practices from Finance Health Institutional Arrangements during

Covid-19

xv. Report on Mapping Pandemic Response Financing Options and Gaps developed

by the WHO and World Bank

xvi. G20/OECD Roadmap on Developing Countries and International Taxation Update

2023

xvii. OECD Report on ‘Enhancing International Tax Transparency on Real Estate’

xviii. Global Forum Report on ‘Facilitating the Use of Tax-Treaty-Exchanged Information

for Non-Tax Purposes’

xix. Global Forum Update on the implementation of the 2021 Strategy on Unleashing

the Potential of Automatic Exchange of Information for Developing Countries

xx. FSB Chair's Letters to G20 Finance Ministers and Central Bank Governors, April

and July 2023

xxi. FSB’s global regulatory framework for crypto-asset activities: Umbrella public note

to accompany final framework

xxii. FSB’s high-level recommendations for the regulation, supervision, and oversight of

crypto-asset activities and markets

xxiii. FSB’s high-level recommendations for the regulation, supervision, and oversight of

global stablecoin arrangements

xxiv. BIS Report on “The crypto ecosystem: key elements and risks”

xxv. FSB Consultation Report on addressing liquidity mismatch in open-ended fundsRevisions to the FSB 2017 policy recommendations

xxvi. FSB Consultative document on Enhancing Third-Party Risk Management and

Oversight: A toolkit for financial institutions and financial authorities

33

Zero Draft

xxvii. FSB Roadmap for Addressing Financial Risks from Climate Change: 2023 Progress

Report

xxviii. FSB Recommendations to Achieve Greater Convergence in Cyber Incident

Reporting: Final Report

xxix. FSB Concept Note on Format for Incident Reporting Exchange (FIRE) - A possible

way forward

xxx. Revised G20/OECD Principles of Corporate Governance

xxxi. IMF-FSB Synthesis Paper: Policies for Crypto-Assets

xxxii. FSB progress report on enhancing the resilience of NBFI

xxxiii. FSB report on the financial stability implications of leverage in NBFI

xxxiv. G20 Policy Recommendations for Advancing Financial Inclusion and Productivity

Gains through Digital Public Infrastructure

xxxv. 2023 Update to Leaders on Progress towards the G20 Remittance Target

xxxvi. Regulatory Toolkit for Enhanced Digital Financial Inclusion of Micro, Small and

Medium Enterprises (MSMEs)

xxxvii. G20 2023 Financial Inclusion Action Plan

xxxviii. 2023 Updated GPFI Terms of Reference

xxxix. 2023 GPFI Progress Report to G20 Leaders

xl. G20 Financial Inclusion Action Plan Progress Report 2021-23

xli. FATF Report- Countering Ransomware Financing Report (March 2023)

xlii. Targeted Update on the Implementation of the FATF Standards for Virtual Assets

(June 2023)

xliii. FATF Report on Guidance on Beneficial Ownership Transparency for Legal Persons

(March 2023)

15. G20 Health Ministers’ Meeting Outcome Document and Chair’s Summary (18-19 August

2023, Gandhinagar)

16. G20 Labour & Employment Ministers’ Outcome Document and Chair’s Summary (21

July 2023, Indore)

i. List of reports prepared by International Organizations

17. G20 Policy Priorities on Strategies to Address Skill Gaps Globally (21 July 2023, Indore)

18. G20 Policy Priorities on Adequate and Sustainable Social Protection and Decent Work

for Gig and Platform Workers (21 July 2023, Indore)

19. G20 Policy Options for Sustainable Financing of Social Protection (21 July 2023, Indore)

20. G20 Meeting of Agricultural Chief Scientists (MACS) Chair’s Summary and Outcome

Document (17-19 April 2023, Varanasi)

i. G20 Millet and other Ancient Grains International Research Initiative (MAHARISHI)

21. G20 Tourism Ministers’ Meeting Outcome Document and Chairs’ Summary (21 June

2023, Goa)

i. G20 Goa Roadmap for Tourism as a Vehicle for Achieving the Sustainable

Development Goals

22. G20 Trade & Investment Ministers’ Meeting Outcome Document and Chairs’ Summary

(25 August 2023, Jaipur)

34

Zero Draft

i. G20 Generic Framework for Mapping GVCs

ii. Jaipur Call for Action for enhancing MSMEs’ Access to Information

iii. High Level Principles on Digitalization of Trade Documents

23. G20 Ministerial Conference on Women Empowerment - Chair’s Statement (2-4 August

2023, Gandhinagar)

24. G20 Chief Science Advisers Round Table – Outcome Document and Chairs’ Summary

(28 August 2023, Gandhinagar)

25. G20 Research Ministerial Meeting - Outcome Document and Chairs’ Summary (5 July

2023, Mumbai)