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The G20 Summit 2024 Concluded with adoption of Rio de Janeiro Declaration | Current Affairs | Vision IAS
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The G20 Summit 2024 Concluded with adoption of Rio de Janeiro Declaration

Posted 20 Nov 2024

Updated 21 Nov 2024

2 min read

The G20 Rio de Janeiro Declaration aimed at addressing major global challenges and crises and promotes strong, sustainable, and inclusive growth

  • The theme of G20 Summit 2024 was ‘Building a Just World and a Sustainable Planet'

Key Highlights of Declaration 

The Summit focused on 3 priorities:

  • Social inclusion & fight against hunger and poverty:
    • Global Alliance against Hunger and Poverty: Launched to eradicate poverty and hunger. (Refer Box)
    • Global Coalition for Local and Regional Production, Innovation and Equitable Access: Launched to promote access to vaccines, diagnostics, and other health technologies for neglected diseases and vulnerable persons.
  • Sustainable development, energy transitions & climate action: 
    • It welcomed the establishment of Task Force on a Global Mobilization against Climate Change
      • Established to identify & address structural barriers to foster private capital flows for climate action, particularly for developing countries.
  • Reform of Global Governance Institutions:
    • Pledged to reform UN Security Council aligning with realities & demands of 21st century, which is more inclusive, effective, democratic, accountable etc.
    • Endorsed G20 Roadmap towards Better, Bigger, and More Effective Multilateral Development Banks (MDBs).

Global Alliance against Hunger and Poverty

  • Aim: To accelerate global efforts to eradicate hunger and poverty. 
  • Members: 148 (82 countries, African Union, EU etc.)
    • India is a member.
  • Goal:
    • Reaching 500 million people with cash transfer programs in low- and lower-middle-income countries by 2030.
    • Expand high-quality school meals to an additional 150 million children in vulnerable countries.
  • Tags :
  • G20 Rio de Janeiro Declaration
  • Global Alliance against Hunger and Poverty
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