Discuss ways to meet new challenges

Prime Minister Narendra Modi, who will travel to Buenos Aires to attend the 13th G20 summit, said Tuesday that he would discuss ways to meet the new and upcoming challenges of the next decade with world leaders.

In his opening statement issued in New Delhi, Prime Minister Modi said that during its 10 years of existence, the G-20 has been striving to promote stable and sustainable global growth .

"This goal is of particular importance to developing countries and emerging economies such as India, which is today the largest fast-growing economy in the world," he said. .

PM Modi said the country's contribution to global economic growth and prosperity underlined its commitment to "Building consensus for just and sustainable development", the theme of the summit.

"I look forward to meeting with leaders from other G-20 countries to review the work of the G-20 over the last decade and to identify ways to meet the new and upcoming challenges of the next decade" , did he declare. .

The Prime Minister said participants will discuss the state of the global economy and trade, international financial and tax systems, the future of labor, women's empowerment, infrastructure and sustainable development.

Emerging economies, which have played a major role in revitalizing the growth of the global economy in the aftermath of the financial crisis, are now facing unprecedented economic and technological challenges, he said. Prime Minister Modi.

"I will stress the need for a reformed multilateralism that reflects contemporary realities and can effectively strengthen collective action for the global good," he said.

The Prime Minister stressed the need to strengthen international cooperation and strengthen coordinated action against perpetrators of fugitive economic crimes and the financing of terrorism.

"As in the past, I look forward to meeting the leaders of the sides of the Summit for an exchange of views on bilateral issues of mutual interest," he added.

Earlier in the day, the Ministry of External Affairs announced that Modi would meet with Chinese President Xi Jinping and German Chancellor Angela Merkel on the sidelines of the event.

He will be in Buenos Aires from November 29th to December 1st.