{"id":259859,"date":"2023-09-13T20:26:25","date_gmt":"2023-09-13T14:56:25","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=259859"},"modified":"2023-09-13T20:26:25","modified_gmt":"2023-09-13T14:56:25","slug":"african-union-and-the-g20-africa-on-the-high-table","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/african-union-and-the-g20-africa-on-the-high-table\/","title":{"rendered":"African Union and the G20: Africa on the high table"},"content":{"rendered":"\n

Source<\/strong>– The post is based on the article \u201cAfrican Union and the G20: Africa on the high table\u201d <\/strong>published in \u201cThe Indian Express\u201d <\/strong>on 13th September 2023<\/strong>.<\/p>\n

Syllabus: <\/strong>GS2- Regional and global groupings<\/p>\n

Relevance- <\/strong>G20<\/p>\n

News<\/strong>– Recently, the African Union was included as the new member of G20.<\/p>\n

What is the significance of the inclusion of the African Union in G20?<\/strong><\/h2>\n

The G20 now encompasses almost 80% of the global population<\/strong>, comprising 97 out of the United Nations’ 193 member countries<\/strong>. It also represents 88% of the world’s GDP<\/strong> and accounts for 79% of global trade. <\/strong><\/p>\n

This expansion effectively balances the existing grouping of 27 developed countries within the EU. It elevates the status and credibility <\/strong>of the G20.<\/p>\n

It enhances the G20’s representativeness<\/strong> without making it cumbersome, as the AU will be represented by a single leader.<\/p>\n

Africa is also abundantly rich in resources<\/strong>, including arable land, minerals, rare earth metals, and a youthful workforce.<\/p>\n

It has been steadily growing<\/strong> and achieving economic and political integration.<\/strong> In 2018, it launched a Free Trade Area<\/strong> and adopted “Agenda 2063: The Africa We Want,” a comprehensive plan to transform the continent into a global powerhouse.<\/p>\n

Why is inclusion in G20 beneficial for the African Union?<\/strong><\/h2>\n

This inclusion provides Africa with a voice, participation, and leadership<\/strong> on the global stage. Its developmental, financial, economic, and environmental <\/strong>challenges and solutions can be frequently discussed.<\/p>\n

Africans now have the opportunity to shape the agenda and outcomes. <\/strong><\/p>\n

Importantly, Africa is home to 33 out of 46 Least Developed Countries<\/strong>. It grapples with widespread poverty, conflict, political instability, climate challenges, environmental degradation, and financial instability.<\/strong><\/p>\n

Africa can seek support from the G20 in terms of global public goods, such as finance, technology, investment, and capacity-building.<\/strong><\/p>\n

Why admission of the African Union in G20 is a strategic masterstroke for India? <\/strong><\/h2>\n

This decision had been pending for the past six years. Prime Minister Modi has earned the gratitude of Africa<\/strong> and has gained their trust.<\/strong><\/p>\n

This achievement will yield substantial benefits<\/strong> for India in terms of strengthening its partnership with Africa on multiple fronts<\/strong>. It includes strategic, political, economic, technological, trade, and people-to-people relations. <\/strong><\/p>\n

The inclusion of the AU in the G20 will facilitate closer partnerships and coordination<\/strong> within international bodies like the United Nations (UN), World Trade Organization (WTO), World Bank, and International Monetary Fund (IMF).<\/p>\n

This is especially important in countering China’s effort<\/strong>s to influence African countries away from India’s proposed UN Security Council reform.<\/strong><\/p>\n

What is the importance of G20?<\/strong><\/h2>\n

The G20 plays a vital role in the establishment of rules-based, orderly, and equitable economic, financial, and monetary systems<\/strong>, and strengthening multilateral institutions. <\/strong><\/p>\n

The G20 is committed to creating a more equitable playing field <\/strong>within multilateral systems <\/strong>for developing countries. It also initiates affirmative actions and measures<\/strong> to assist the most disadvantaged developing nations in overcoming their challenges.<\/p>\n

Key components include the reform and funding of Multilateral Development Banks and the IMF<\/strong>, ambitious replenishment of the International Development Association (IDA), support for achieving SDGs. <\/strong><\/p>\n

It is also working for effective mobilization<\/strong> and provision of adequate concessional financing<\/strong> to low and middle-income countries, the Green Development Pact<\/strong> with commitments to green technologies, and financing for climate<\/strong> and a just transition to clean energy.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Source– The post is based on the article \u201cAfrican Union and the G20: Africa on the high table\u201d published in \u201cThe Indian Express\u201d on 13th September 2023. Syllabus: GS2- Regional and global groupings Relevance- G20 News– Recently, the African Union was included as the new member of G20. What is the significance of the inclusion… Continue reading African Union and the G20: Africa on the high table<\/span><\/a><\/p>\n","protected":false},"author":10320,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[212,10500,239],"class_list":["post-259859","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-gs-paper-2","tag-indian-express","tag-international-relations","entry"],"jetpack_featured_media_url":"","views":{"total":4,"cached_at":"","cached_date":1698416246},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/259859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10320"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=259859"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/259859\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=259859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=259859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=259859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}