The China Mail - Group of 20 expands as African Union joins bloc

USD -
AED 3.672496
AFN 64.501784
ALL 81.582896
AMD 360.987939
ANG 1.789785
AOA 917.999892
ARS 1513.250902
AUD 1.437599
AWG 1.8
AZN 1.69594
BAM 1.74671
BBD 2.012735
BDT 123.371781
BGN 1.747831
BHD 0.377596
BIF 2992.404453
BMD 1
BND 1.281553
BOB 11.707653
BRL 5.047896
BSD 0.999357
BTN 95.144703
BWP 13.728493
BYN 3.0198
BYR 19600
BZD 2.010066
CAD 1.420145
CDF 2312.499459
CHF 0.827967
CLF 0.02504
CLP 985.519711
CNY 6.69275
CNH 6.691875
COP 3197.63
CRC 455.473044
CUC 1
CUP 23.983889
CVE 98.47771
CZK 21.69425
DJF 177.955203
DKK 6.655785
DOP 61.203074
DZD 134.36195
EGP 53.070978
ERN 15
ETB 163.232787
EUR 0.89042
FJD 2.264551
FKP 0.754659
GBP 0.754535
GEL 2.596549
GGP 0.754659
GHS 11.657639
GIP 0.754659
GMD 74.000028
GNF 8791.365814
GTQ 7.636833
GYD 209.011214
HKD 7.84724
HNL 26.830935
HRK 6.7079
HTG 130.869501
HUF 323.918032
IDR 17929.5
ILS 3.0976
IMP 0.754659
INR 94.986803
IQD 1515.08791
IRR 1790500.000031
ISK 121.510005
JEP 0.754659
JMD 158.71669
JOD 0.70901
JPY 157.69198
KES 129.829929
KGS 87.44976
KHR 4060.142989
KMF 441.999885
KPW 899.999961
KRW 1350.595016
KWD 0.31151
KYD 0.832883
KZT 451.509766
LAK 22502.503662
LBP 89549.999843
LKR 330.755285
LRD 170.384164
LSL 16.549612
LTL 2.95274
LVL 0.60489
LYD 6.425005
MAD 9.844365
MDL 17.887667
MGA 4500.252296
MKD 54.992163
MMK 2100.02843
MNT 3599.679138
MOP 8.078342
MRU 40.033223
MUR 47.609504
MVR 15.460159
MWK 1733.03028
MXN 18.48065
MYR 4.0815
MZN 63.909741
NAD 16.474534
NGN 1330.130525
NIO 36.776559
NOK 9.48377
NPR 152.229808
NZD 1.77663
OMR 0.384506
PAB 0.999379
PEN 3.440965
PGK 4.535955
PHP 63.045498
PKR 276.68889
PLN 3.89015
PYG 5702.318437
QAR 3.643224
RON 4.751303
RSD 104.544013
RUB 83.626116
RWF 1474.482346
SAR 3.677394
SBD 8.078071
SCR 13.856214
SDG 601.50203
SEK 9.95506
SGD 1.28198
SHP 0.754518
SLE 24.670285
SLL 20969.504398
SOS 571.137676
SRD 37.712026
STD 20697.981008
STN 21.88047
SVC 8.745048
SYP 13001.999685
SZL 16.467583
THB 33.538501
TJS 9.223858
TMT 3.5
TND 2.987126
TOP 2.40776
TRY 49.411001
TTD 6.796403
TWD 32.31401
TZS 2630.004973
UAH 44.915626
UGX 4037.706697
UYU 40.172371
UZS 11952.148538
VES 875.701598
VND 25878.5
VUV 119.372685
WST 2.788609
XAF 584.07701
XAG 0.01779
XAU 0.00024065738
XCD 2.70255
XCG 1.80126
XDR 0.707052
XOF 584.07701
XPF 106.509246
YER 236.199682
ZAR 16.550903
ZMK 9001.198289
ZMW 19.863078
ZWL 321.999592
SSP 5748.524006
MXV 2.086896
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Group of 20 expands as African Union joins bloc
Group of 20 expands as African Union joins bloc / Photo: © POOL/AFP

Group of 20 expands as African Union joins bloc

The African Union joined the Group of 20 leading economies at its summit on Saturday, giving the continent more of a voice on the global stage, with host Indian Prime Minister Narendra Modi saying it turned the often divided bloc into the "people's G20".

Text size:

"With everyone's approval, I request the African Union head to take his seat as a permanent G20 member," Modi said in his opening address, banging a ceremonial gavel.

Modi has painted the summit as India's diplomatic coming of age and is pushing for his country -- which wants a permanent seat on the UN Security Council -- to be seen as a voice of the Global South.

At full strength the African Union has 55 members, but six junta-ruled nations are currently suspended. Collectively it has a GDP of $3 trillion with some 1.4 billion people.

As the G20, the grouping included 19 countries and the European Union, representing 85 percent of the world GDP, with South Africa its only member state from the continent.

It was conceived in the throes of the 2008 financial crisis as a way of managing the global economy, but finding consensus among members has been increasingly difficult in recent years.

The AU membership could be among the most tangible outcomes from the summit itself, with Modi trying to forge consensus on a host of contentious issues, and key G20 members deeply divided over Russia's war in Ukraine and how to pay for climate change.

- Infrastructure plan -

On the summit sidelines, G20 partners will unveil ambitious plans Saturday to bolster trade between India, the Middle East and Europe, the United States said.

It is a modern-day Spice Route that could more closely bind three regions that account for about a third of the global economy -- and represent an alternative to China's vast investment in global infrastructure.

Washington, Saudi Arabia, the EU, UAE and others will sign an agreement on the sidelines of the G20 summit to explore a railway and port project to augment trade flows between Europe and India, officials said.

The agreement comes with Washington actively engaging with Riyadh, a major oil producer and security partner, as it encourages the kingdom to normalise ties with Israel.

Jon Finer, US deputy national security advisor, said the announcement came after "months of careful diplomacy, quiet, careful diplomacy, bilaterally and in multilateral settings".

This project "has enormous potential" he said. "But exactly how long it takes, I don't know".

The project is still in the early stages, with participants studying how best to link India's vast 1.4 billion population and quick-growing economy with markets to the west.

But Michael Kugelman, South Asia Institute director at The Wilson Center, said the plan could be a significant response to China's much-vaunted Belt and Road Initiative (BRI) -- which has spread Chinese influence, investments and commerce across Europe, Africa, Asia and Latin America.

"If finalised, it would be a game changer that strengthens connectivity between India and the Middle East and would aim to counter BRI," Kugelman posted on X, formerly known as Twitter.

The plans will include data, rail, electricity and hydrogen pipeline links, EU officials told AFP.

- Xi absence -

Chinese leader Xi Jinping himself is skipping the summit, sending his number two, Premier Li Qiang, to India instead in a move that called into question the meeting's importance.

No official reason was given for Xi's absence, but the Asian giants have been at loggerheads over a border dispute and other issues, while Beijing is seeking to make US-led groupings such as the G20 more amenable to its own interests.

Russia's seat is taken by Foreign Minister Sergei Lavrov, with diplomatic opprobrium and war crimes charges keeping the country's leader Vladimir Putin from the summit.

United Nations chief Antonio Guterres warned Friday of growing global divisions, insisting countries must assume responsibility regardless of "whether it's the president or the prime minister or the vice president" who is in New Delhi.

The backdrop to the talks could hardly be starker: the European Union's climate monitor has said this year is likely to be the hottest in human history, with Guterres declaring on Friday the "climate crisis is spiralling out of control".

G20 countries account for around 85 percent of global climate warming emissions, making action in the forum crucial to real progress.

K.Lam--ThChM