G20 summit in Rio: New global alliance emerges as power shifts loom ahead
Rioʼs G20 gathering launches major anti-poverty program with support from 80+ nations. Meeting highlights upcoming changes in global leadership and growing east-west economic competition
At Rioʼs Modern Art Museum President Luiz Inacio Lula da Silva kicked-off the G20 summit with a ground-breaking anti-poverty program (backed by more than 80 nations and major foundations like Gates and Rockefeller)
Hunger and poverty are not the result of scarcity or natural phenomena ... they are the product of political decisions
The summit faces a complex backdrop as Donald Trumpʼs upcoming White House return in Jan 2025 creates uncertainty for global trade climate and security policies. The meetings agenda includes key topics; ranging from economic partnerships to environmental protection
The gatherings diplomatic tone got affected by recent events in Ukraine where Russian air-strikes happened just before the summit started. Sergey Lavrov represented Moscow instead of Putin while discussions about the conflict made writing a joint-statement really hard
Local security got extra-tight with army backup after a shooting incident near Cidade de Deus community which is located bout 12 miles from the main venue. No one got hurt but it showed the need for increased safety measures
Xi Jinping used the platform to promote Chinas global south support and its Belt & Road program. Meanwhile Joe Biden who visited Amazon before coming to Rio announced new World Bank funding plans. Brazilʼs push for global financial reform might hit some road-blocks with upcoming US leadership change tho
- African Union backing
- European Union support
- Development banks participation
- Major philanthropic foundations involvement
The meetings focus on taxing super-rich people and fighting world hunger could lose momentum when US priorities shift next year. Brazilian officials dont expect much support for their development-focused agenda from the next administration
