G20 Summit: “India’s G20 presidency set path for world,” says Ajay Banga

World Bank President Ajay Banga on Sunday lauded India’s contribution towards G20 declaration that was anonymously adopted by all G20 nations during the two-day mega event held under India’s presidency. While speaking to media persons, Banga said that India in its G20 presidency has set a path for the world. “I consider the fact that […]

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Edited By: Sonia Dham
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World Bank President Ajay Banga on Sunday lauded India’s contribution towards G20 declaration that was anonymously adopted by all G20 nations during the two-day mega event held under India’s presidency. While speaking to media persons, Banga said that India in its G20 presidency has set a path for the world.

“I consider the fact that there was a declaration, a tribute to the fact that the G20 leadership found a way to give and take and negotiate and find a right way to agree and set a path for the world. The world is watching, the G20 has got the developed world and the developing countries,” Banga said.

While appreciating the move, Banga highlighted that challenges will always exist but India had shown the way by working out a consensus.

He also added that “80% of the world’s GDP was sitting in the room. If they would not agree that would not give a good message. I actually compliment India, its leadership and the G20 leaders for being able to make sure that a terrific declaration comes out. There will always be challenges.”

“No 20 countries will agree on everything. People will have to look after their national interests. But I am optimistic by the mood I saw in that room” he added.

It is to be noted here that Delhi Declaration was adopted on Saturday during one of the sessions of G20 Summit in Delhi.

I am optimistic: Ajay Banga on G20

Talking about consensus that that has been approved during the G20 Summit, Banga said, “There always be challenges as not all the countries will agree on everything but I am quite optimistic.”

Notably, one of the biggest takeaways of the declaration was that all 83 paras of the declaration were passed unanimously with a 100% consensus along with China and Russia in agreement. This was for the first time that there was no footnote or Chair Summary in the declaration.