Finance
Prime Minister Narendra Modi and leaders attending the third Voice of Global South Summit expressed worry about tensions and conflicts.
In the virtual summit, PM Modi urged global south partners to work together to achieve the ambitions of two-thirds of humanity.
“Solutions to these concerns depend on just and inclusive global governance, such institutions whose priorities give preference to the Global South, where developed countries also fulfil their responsibilities and commitments, take steps to reduce the gap between the Global North and the Global South. The Summit of the Future at the UN next month could be an important milestone for all of this,” said PM Modi on Saturday.
This Summit was attended by Bangladesh’s chief adviser, Professor Muhammad Yunus, Mauritian Prime Minister Pravind Kumar Jaugnath, Fiji’s acting Prime Minister, and leaders from El Salvador and Belarus.
Bangladesh’s interim administration is committed to achieving a transition to inclusive and pluralistic democracy, as well as fostering a climate conducive to free, fair, and participatory elections, stated Chief Adviser Prof Muhammad Yunus at the Summit.
“Our task is now to carry out vital reforms in our electoral system, judiciary, local government, media, economy and education,” Prof Yunus said.
Discussions were also held on the contribution of Digital Public Infrastructure (DPI).
“DPI’s contribution to inclusive growth is not short of a revolution. The Global DPI Repository, created under our G20 presidency, was the first ever multilateral consensus on DPI,” PM Modi said.
Agreements to share the “India Stack” have been done with 12 partners from the global south. India has created a social impact fund to accelerate DPI in the global south. India will make an initial contribution of USD 25 million to it.
“This gathering takes place as the world grapples with multiple conflicts, tensions and stresses. We, the nations of the global south, are particularly impacted. The purpose of this exchange of views is to define our interests through that process. Hence, the theme of this session – Charting a Unique Paradigm for the Global South,” said Dr Jaishankar while addressing his counterparts from global south.
Dr. Jaishankar discussed four themes: increasing economic resilience, revitalizing multilateralism, climate change and energy transitions, and democratizing digital innovations.
Leaders from the global south discussed their priorities and concerns. Prime Minister Modi underlined India’s commitment to sharing its experiences and talents with the global South.
Source:TNIE
