How Important Is the G20 to Latin America?
The Group of Twenty, or G20, Summit took place on Sept. 9-10. A forum for international economic cooperation, the gathering brings together the world’s largest developed and emerging economies, including Argentina, Brazil and Mexico. How important is the group to Latin America’s economic prosperity? What key policy concerns and issues were discussed, and what was achieved?
Deepak Bhojwani, former Indian ambassador to Colombia, Venezuela, Cuba, Ecuador, Costa Rica, the Dominican Republic and Haiti, and founder of Latindia: “The three biggest Latin American economies—Brazil, Mexico and Argentina—are in the G20. All three are considered developing countries with a fundamental need to tackle poverty, inflation, climate change and other issues bedeviling even middle-income countries. The recent summit in New Delhi was attended by Brazil’s President Lula and Argentina’s Alberto Fernández. Mexico’s President López Obrador traveled to South America that week. Brazil has the greatest stake in this forum, given the size of its economy, its multilateral profile and its prowess in international affairs. Lula will project Brazil’s leadership of the Global South during Brazil’s presidency of G20 in 2024. Brazil was instrumental in the final formulation on the compromise on Ukraine in the final declaration, according to India’s Sherpa. Fernández, speaking on the subject said ‘north and south have quite different realities.’ Lula’s own Zero Hunger (Zero Fome) pet project was reflected amply in the declaration as was…”Read More
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