Brazil’s Presidency of the G-20: Advancing Global South Interests and Shaping the World Order
Brazil’s upcoming presidency of the G-20 in 2024 presents a unique opportunity for the Global South to shape the international agenda and advance shared interests. With a focus on sustainable development, hunger and poverty eradication, and climate change, Brazil has established new frameworks within the G-20 to address these pressing issues. The Global South, represented by countries like Indonesia, India, Brazil, and South Africa in successive presidencies, has a chance to influence global governance and cooperation.
The G-20 has become a crucial forum for international negotiations and dialogue, with commitments made by its members driving global agreements. Brazil’s presidency comes at a time of international conflicts and challenges, offering opportunities for intensified negotiations on sensitive issues. As a rising middle power, Brazil can champion the voices of the Global South and work towards a more inclusive and sustainable world order.
The success of Brazil’s presidency of the G-20 can also pave the way for the success of COP30, the 30th edition of the Conference of the Parties to the UN Framework Convention on Climate Change. Brazil’s focus on climate change and sustainable development aligns with the urgent need for global action on these issues. The G-20, as a forum for economic cooperation, can play a significant role in generating the financial means necessary for countries to transition to greener economies.
The current international financial architecture, established after World War II, is showing signs of obsolescence and ineffectiveness in achieving sustainable development goals. Developing countries in the Global South face challenges such as the debt crisis, inadequate representation in financial institutions, and the need for global tax reform. The G-20, with Brazil at the helm, has the opportunity to drive reforms that prioritize the needs of developing countries and address these pressing issues.
In conclusion, Brazil’s presidency of the G-20 in 2024 represents a critical moment for the Global South to shape the international agenda, advance sustainable development goals, and address pressing global challenges. By championing the voices of developing countries and working towards a more inclusive and sustainable world order, Brazil can set the stage for meaningful progress in international cooperation and governance.