The G20 summit held in India was a turning point, Russian Foreign Minister Sergey Lavrov said during a press conference following the event on September 10.
According to Lavrov, the summit outlined clear guidelines for ensuring a balance of interests in the global economy.
“The declaration (of the G20 summit) reminds us of everything that needs to be implemented in accordance with long-standing promises, and implemented in order to ensure a balance of interests in the world economy,” the minister said.
The Russian Foreign Minister emphasized that this path is “not a short one,” but at the same time the last summit was “a turning point in terms of a clear focus on just such tasks.”
Lavrov pointed to the tasks of reforming the International Monetary Fund and the World Trade Organization, outlined in the final declaration of the G20. In his opinion, the WTO’s efforts are “held back” by the United States and its allies.
The minister also noted that the declaration points to the West’s commitments on technology transfer to the Global South, which it is currently failing to fulfill.
“It is firmly set out that developing countries will no longer accept being put to the false choice of either fighting poverty or investing in fighting climate change. This is a false alternative,” Lavrov added.
At the G20 summit in New Delhi, leaders of the organization’s member countries called for reforming the WTO to create by 2024 “a well-functioning dispute settlement system accessible to all members.”
Source: Rossa Primavera News Agency