Meeting in Bali at a time of multiple crises, the G20 summit said it was extremely concerned about “global food insecurity exacerbated by conflict and tension” and was determined to help developing countries that are particularly affected.
In their final declaration, G20 leaders commit to “take urgent action to save lives, prevent hunger and malnutrition, in particular to address the vulnerabilities of developing countries and call for accelerated transformation towards sustainable and resilient agriculture and food systems and supply chains”.
They welcome the international, regional and national initiatives taken so far.
The G20 stresses the importance of the “full, timely and continued implementation” of the two Istanbul agreements of 22 July 2022 - the ‘Black Sea Grain Initiative’, brokered by Turkey and the UN, and the ‘Memorandum of Understanding between the Russian Federation and the Secretariat of the United Nations on promoting Russian food products and fertilizers to the world markets’, concerning the unhindered delivery of grain, foodstuffs and fertilisers/inputs from Ukraine and the Russian Federation - both of which the G20 welcomes.
It also welcomes other initiatives, such as the EU’s ‘solidarity channels’ (see EUROPE 13063/5).
“The G20 sent a very clear message to President Putin. The Black Sea grain export agreement will be tacitly renewed. We have set the context to continue this work”, commented French President Emmanuel Macron at his press conference after the summit.
Debt of poor countries. The G20 emphasises the importance of helping developing countries achieve the UN Sustainable Development Goals (SDGs).
It welcomes the voluntary contributions to the Poverty Reduction and Growth Trust Fund and calls for further commitments and timely contributions to the Fund.
In particular, G20 leaders say they are ready to explore viable options for countries to voluntarily channel Special Drawing Rights (SDRs) through the Multilateral Development Banks (MDBs).
The G20 also commits to continuing efforts to implement the Common Framework for the treatment of the debt of African countries, such as Zambia, beyond the Debt Service Suspension Initiative (DSSI) (see EUROPE 12972/6).
See the final declaration of the Bali G20: https://aeur.eu/f/437 (Original version in French by Aminata Niang)