President Luiz Inacio Lula da Silva announced that Brazil will prioritize reducing hunger and poverty, addressing climate change, and advocating for global governance reform during its time leading the G20 group of the world’s largest economies, which begins next month. Brazil will take over the G20 presidency from India on December 1 and will host the 2024 summit in Rio de Janeiro in November of next year.
During a meeting with cabinet ministers to outline Brazil’s priorities for the G20, Lula emphasized the importance of tackling issues that have been neglected and working towards their resolution.
Lula has been critical of what he sees as global governance failures by organizations such as the United Nations, the World Bank, and the International Monetary Fund (IMF). He has also stressed the need to expand the permanent U.N. Security Council.
He expressed frustration with the functioning of institutions like the Bretton Woods institutions, World Bank, and IMF, pointing out that they often lend money to countries to pay off their debt without bringing about any significant change.
It was announced that G20 foreign ministers will convene in Rio de Janeiro on February 21-22, followed by a meeting of finance ministers in Sao Paulo on February 28-29.
Indian Prime Minister Narendra Modi recently hosted a virtual summit of G20 nations to review progress on policy goals set at the annual G20 summit in New Delhi in September.
(Reporting by Lisandra Paraguassu, editing by Deepa Babington)
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