A major infrastructure project and plans to expand the lending capacity of development banks were among the key outcomes from this year’s Group of 20 summit, which saw host nation India showcase itself as an alternative to China as both try to stake a claim to leadership among developing nations.
During the two-day gathering in New Delhi that ended Sunday, the group also agreed to welcome the 55-member African Union as both its 21st permanent member and its second regional organization — following the European Union — in a move that makes the bloc more representative of developing countries.
And in a diplomatic coup for India, this year’s gathering saw G20 leaders agree on a joint communique, after failing to do so in 2022 amid divisions over how to address Russia’s invasion of Ukraine.