Modi and Ramaphosa Push G20 for Sweeping Global Economic Reforms
Leaders from India and South Africa used the G20 Summit to demand urgent reforms in global economic governance. Prime Minister Narendra Modi and President Cyril Ramaphosa both highlighted deep inequalities holding back emerging nations. Their calls reflected frustration over slow progress in addressing the needs of the Global South.
South African President Cyril Ramaphosa opened the debate by describing current global inequalities as 'unjust and unsustainable'. He warned that without change, poverty reduction, climate action, and technology access would continue to suffer. His remarks targeted wealthier nations, urging them to fulfil climate funding pledges and expand affordable green finance through multilateral lenders.
Ramaphosa also pushed for an overhaul of development finance rules. He argued that emerging economies needed more fiscal flexibility and fairer trade terms to compete. His proposals aimed to rebalance economic power and create space for growth beyond traditional centres of wealth.
Indian Prime Minister Narendra Modi reinforced these concerns, criticising the uneven state of global development. He insisted that recovery efforts must prioritise inclusive growth rather than benefiting only 'select corridors of prosperity'. Modi framed the summit as a chance for the G20 to reset its approach, ensuring no region is left behind in economic and technological progress.
Both leaders stressed the need for collective action on energy security, food supplies, and climate responsibilities. Modi called on the G20 to act as a unifying force, warning that failure to adapt would deepen global divides. Their interventions signalled a shared push for systemic changes in how multilateral institutions operate.
The statements from Modi and Ramaphosa put pressure on the G20 to reform financial and trade systems. Their demands included fairer lending terms, stronger climate funding, and broader access to economic opportunities. The focus now shifts to whether wealthier nations will respond with concrete policy changes or risk widening global disparities.
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