New Delhi: India is poised to extend its technological prowess and knowledge reservoirs to uplift the Global South, affirmed Ajay Seth, Secretary at the Department of Economic Affairs.This commitment was reiterated during Indias representation at the Finance Ministers Session of the 2nd Voice Of Global South Summit.Inclusive Decision-Making for Global PrioritiesHighlighting Prime Minister Modis stance, Seth emphasised that Indias G20 priorities would be crafted in consultation not just with G20 partners but also with Global South collaborators, whose voices often remain unheard despite constituting the largest group of nations.G20 Expansion and Global South InclusionDuring Indias G20 presidency, the African Union, a substantial part of the Global South, gained G20 membership, providing a vital platform for Global South representation in global decisions. Seth acknowledged the significance of this development, stating, With your continued support, we have amplified our voice, the Voice of the Global South.Multilateral Development Banks StrengtheningUnder Indias G20 presidency, Seth highlighted Indias strong advocacy for fortifying Multilateral Development Banks (MDBs) to address 21st-century global challenges. This involves securing continued and sustainable access to low-cost concessional finance for low and middle-income countries.Sustainable Finance and Global CollaborationAddressing the financing gap, Seth stressed that the Global South couldnt afford a development gap. The Indian G20 Presidency actively worked towards scaling up sustainable finance.Voice of the Global South Summit 2.0 HighlightsThe summit saw participation from Finance Ministers and Dignitaries representing various nations, including Kenya, Kyrgyz Republic, Liberia, Madagascar, Moldova, Mozambique, Nepal, Nigeria, Solomon Islands, Tanzania, and Uganda.Discussions centred on MDB reforms, tackling debt vulnerabilities, promoting financial inclusion, and enhancing financing for SDG progress.PM Modis Perspective on Global SouthPrime Minister Narendra Modi, in his address at the summit, underscored the newfound voice of the Global South, stating, We are more than 100 countries, but our priorities are similar.He highlighted the joint efforts that are finally giving the Global South a significant voice.Inaugural Virtual GatheringThe 2nd Voice of Global South Summit unfolded in a virtual mode, symbolising a collaborative stride towards shared development goals.
