Last October’s Group of 20 leaders’ summit — held in Rome and hosted by then-Italian Prime Minister Mario Draghi — produced a declaration brimming with promises to “address today’s most pressing global challenges” and “converge upon common efforts to recover better from the COVID-19 crisis and enable sustainable and inclusive growth” across the world.

What a difference a year makes.

The promise of 2021 should not be understated. The Leaders’ Declaration that the Rome summit produced included noble pledges to give “particular regard to the needs of the most vulnerable.” When it came to global public goods, the 61-paragraph document covered virtually every base, from food security to the circular economy, from the environment to the international financial architecture.