By Nandita Bose and Aftab Ahmed NEW DELHI (Reuters) - Leaders of the world's 20 most powerful nations begin an annual summit on Saturday in India's ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSNEW DELHI - Leaders of the world's 20 most powerful nations begin an annual summit on Saturday in India's capital New Delhi, deeply divided over the war in Ukraine but in broad agreement on issues such as cryptocurrencies and reforms in multilateral development banks.
The 38-page draft that was circulated among members left the"geopolitical situation" paragraph blank, while it had agreed on the 75 other paragraphs. One source told Reuters a joint declaration may or may not come to a unanimous agreement. It could have different paragraphs stating the views of different countries. Or it could record agreement and dissent in one paragraph.
"A chair's statement would not have anything like the same effect. It would certainly lead to a crisis of confidence in the Group." It also agreed that the world needs a total of $4 trillion low-cost financing annually for energy transition. The draft did not mention a fossil fuel phase-down.
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