G20 New Delhi Leaders’ Declaration
New Delhi, India, 9-10 September 2023

Zero Draft

Table of Contents
PREAMBLE ........................................................................................................................................................................... 1
FOR THE PLANET, PEOPLE, PEACE AND PROSPERITY .................................................................................................................. 2
A. STRONG, SUSTAINABLE, BALANCED, AND INCLUSIVE GROWTH................................................................. 3
GLOBAL ECONOMIC SITUATION ......................................................................................................................................................... 3
UNLOCKING TRADE FOR GROWTH .................................................................................................................................................... 4
PREPARING FOR THE FUTURE OF WORK ......................................................................................................................................... 5
ADVANCING FINANCIAL INCLUSION................................................................................................................................................... 6
FIGHTING CORRUPTION ....................................................................................................................................................................... 6
B. ACCELERATING PROGRESS ON SUSTAINABLE DEVELOPMENT GOALS (SDGS) ...................................... 7
RECOMMITTING TO ACHIEVING SDGS ............................................................................................................................................. 7
ELIMINATING HUNGER AND MALNUTRITION ................................................................................................................................. 8
MACROECONOMIC IMPACTS OF FOOD AND ENERGY INSECURITY ................................................................................................ 8
STRENGTHENING GLOBAL HEALTH AND IMPLEMENTING ONE HEALTH APPROACH ............................................................ 8
FINANCE-HEALTH COLLABORATION ............................................................................................................................................. 10
DELIVERING QUALITY EDUCATION ................................................................................................................................................ 10
CULTURE AS A TRANSFORMATIVE DRIVER OF SDGS................................................................................................................. 11
C. GREEN DEVELOPMENT PACT FOR A SUSTAINABLE FUTURE ......................................................................11
MACROECONOMIC RISKS STEMMING FROM CLIMATE CHANGE AND TRANSITION PATHWAYS........................................... 12
MAINSTREAMING LIFESTYLES FOR SUSTAINABLE DEVELOPMENT (LIFE) .......................................................................... 12
DESIGNING A CIRCULAR ECONOMY WORLD................................................................................................................................. 13
IMPLEMENTING CLEAN, SUSTAINABLE, JUST, AFFORDABLE & INCLUSIVE ENERGY TRANSITIONS ................................ 13
DELIVERING ON CLIMATE AND SUSTAINABLE FINANCE ............................................................................................................ 15
CONSERVING, PROTECTING, SUSTAINABLY USING AND RESTORING ECOSYSTEMS ............................................................ 17
HARNESSING AND PRESERVING THE OCEAN-BASED ECONOMY............................................................................................... 17
ENDING PLASTIC POLLUTION .......................................................................................................................................................... 18
FINANCING CITIES OF TOMORROW ................................................................................................................................................ 18
REDUCING DISASTER RISK AND BUILDING RESILIENT INFRASTRUCTURE ........................................................................... 18
D. MULTILATERAL INSTITUTIONS FOR THE 21ST CENTURY ..........................................................................19
REINVIGORATING MULTILATERALISM .......................................................................................................................................... 19
REFORMING INTERNATIONAL FINANCIAL INSTITUTIONS ......................................................................................................... 19
MANAGING GLOBAL DEBT VULNERABILITIES ............................................................................................................................. 21
E. TECHNOLOGICAL TRANSFORMATION AND DIGITAL PUBLIC INFRASTRUCTURE...............................22
BUILDING DIGITAL PUBLIC INFRASTRUCTURE ........................................................................................................................... 22
BUILDING SAFETY, SECURITY, RESILIENCE AND TRUST IN THE DIGITAL ECONOMY ......................................................... 22
CRYPTO-ASSETS: POLICY AND REGULATION ............................................................................................................................... 23
CENTRAL BANK DIGITAL CURRENCY ............................................................................................................................................. 23
FOSTERING DIGITAL ECOSYSTEMS ................................................................................................................................................. 23
HARNESSING ARTIFICIAL INTELLIGENCE (AI) RESPONSIBLY FOR GOOD AND FOR ALL ................................................... 24
F. INTERNATIONAL TAXATION ...................................................................................................................................24
G. GENDER EQUALITY AND EMPOWERING ALL WOMEN AND GIRLS ............................................................25
ENHANCING ECONOMIC AND SOCIAL EMPOWERMENT .............................................................................................................. 25
BRIDGING THE GENDER DIGITAL DIVIDE ..................................................................................................................................... 25

1

Zero Draft

DRIVING GENDER INCLUSIVE CLIMATE ACTION ......................................................................................................................... 26
SECURING WOMEN’S FOOD SECURITY, NUTRITION, AND WELL-BEING ............................................................................... 26
CREATION OF A WORKING GROUP ON THE EMPOWERMENT OF WOMEN............................................................................. 27
H. FINANCIAL SECTOR ISSUES .....................................................................................................................................27
I. COUNTERING TERRORISM AND MONEY LAUNDERING .................................................................................27
J. CREATING A MORE INCLUSIVE WORLD ............................................................................................................... 28
CONCLUSION ......................................................................................................................................................................29

2

Zero Draft

Preamble
1. We are One Earth, One Family, and we share One Future.
2. We, the Leaders of the G20, met in New Delhi on 9-10 September 2023, under the
theme ‘Vasudhaiva Kutumbakam’. We meet at a defining moment in history where the
decisions we make now will determine the future of our people and our planet. It is with
the philosophy of living in harmony with our surrounding ecosystem that we commit to
concrete actions to address global challenges.
3. G20 cooperation is essential in determining the course the world takes. Headwinds to
global economic growth and stability persist. Years of cascading challenges and crises
have reversed gains in the 2030 Agenda and its Sustainable Development Goals
(SDGs). Global greenhouse gas (GHG) emissions continue to increase, with climate
change, biodiversity loss, pollution, drought, land degradation and desertification
threatening lives and livelihoods. Rising commodity prices, including food and energy
prices are contributing to cost of living pressures. Global challenges like poverty and
inequality, climate change, pandemics and conflicts disproportionately affect women
and children, and the most vulnerable.
4. Together we have an opportunity to build a better future. Just energy transitions can
improve jobs and livelihoods, and strengthen economic resilience. We affirm that no
country should have to choose between fighting poverty and fighting for our planet. We
will pursue development models that implement sustainable, inclusive and just
transitions globally, while leaving no one behind.
5. As Leaders of G20, the premier global forum for international economic cooperation,
we resolve to act in concrete ways through partnerships. We commit to:
a. Accelerate strong, sustainable, balanced and inclusive growth.
b. Accelerate the full and effective implementation of the 2030 Agenda for
Sustainable Development.
c. Pursue low-GHG/low-carbon emissions, climate-resilient and environmentally
sustainable development pathways by championing an integrated and inclusive
approach. We will urgently accelerate our actions to address development and
climate challenges, promote Lifestyles for Sustainable Development (LiFE), and
conserve biodiversity, forests and oceans.
d. Improve access to medical countermeasures and facilitate more supplies and
production capacities in developing countries to prepare better for future health
emergencies.
e. Promote resilient growth by urgently and effectively addressing debt
vulnerabilities in developing countries.
f. Scale up financing from all sources for accelerating progress on SDGs.

1

Zero Draft

g. Accelerate efforts and enhance resources towards achieving the Paris
Agreement, including its temperature goal.
h. Pursue reforms for better, bigger and more effective Multilateral Development
Banks (MDBs) to address global challenges to maximise developmental impact.
i.

Improve access to digital services and digital public infrastructure, and leverage
digital transformation opportunities to boost sustainable and inclusive growth.

j.

Promote sustainable, quality, healthy, safe and gainful employment.

k. Close gender gaps and promote the full, equal, effective and meaningful
participation of women in the economy as decision-makers.
l.

Better integrate the perspectives of developing countries, including LDCs,
LLDCs, and SIDS, into future G20 agenda and strengthen the voice of
developing countries in global decision making.

6. Through these actions today, we are building towards a system that better empowers
countries to address global challenges, is human-centric, and brings prosperity and
well-being to humanity.
For the Planet, People, Peace and Prosperity
7. We note with deep concern the immense human suffering and the adverse impact of
wars and conflicts around the world.
8. Concerning the war in Ukraine, while recalling the discussion in Bali, we reiterated our
national positions and resolutions adopted at the UN Security Council and the UN
General Assembly (A/RES/ES-11/1 and A/RES/ES-11/6) and underscored that all
states must act in a manner consistent with the Purposes and Principles of the UN
Charter in its entirety. In line with the UN Charter, all states must refrain from the threat
or use of force to seek territorial acquisition against the territorial integrity and
sovereignty or political independence of any state. The use or threat of use of nuclear
weapons is inadmissible.
9. Reaffirming that the G20 is the premier forum for international economic cooperation,
and recognizing that while the G20 is not the platform to resolve geopolitical and
security issues, we acknowledge that these issues can have significant consequences
for the global economy.
10. We highlighted the human suffering and negative added impacts of the war in Ukraine
with regard to global food and energy security, supply chains, macro-financial stability,
inflation and growth, which has complicated the policy environment for countries,
especially developing and least developed countries which are still recovering from the
COVID-19 pandemic and the economic disruption which has derailed progress towards
the SDGs. There were different views and assessments of the situation.
11. We appreciate the efforts of Türkiye and UN-brokered Istanbul Agreements consisting
of the Memorandum of Understanding between the Russian Federation and the

2

Zero Draft

Secretariat of the United Nations on Promoting Russian Food Products and Fertilizers
to the World Markets and the Initiative on the Safe Transportation of Grain and
Foodstuffs from Ukrainian Ports (Black Sea Initiative), and call for their full, timely and
effective implementation to ensure the immediate and unimpeded deliveries of grain,
foodstuffs, and fertilizers/inputs from the Russian Federation and Ukraine. This is
necessary to meet the demand in developing and least developed countries,
particularly those in Africa.
12. In this context, emphasizing the importance of sustaining food and energy security, we
called for the cessation of military destruction or other attacks on relevant infrastructure.
We also expressed deep concern about the adverse impact that conflicts have on the
security of civilians thereby exacerbating existing socio-economic fragilities and
vulnerabilities and hindering an effective humanitarian response.
13. We call on all states to uphold the principles of international law including territorial
integrity and sovereignty, international humanitarian law, and the multilateral system
that safeguards peace and stability. The peaceful resolution of conflicts, and efforts to
address crises as well as diplomacy and dialogue are critical. We will unite in our
endeavour to address the adverse impact of the war on the global economy and
welcome all relevant and constructive initiatives that support a comprehensive, just,
and durable peace in Ukraine that will uphold all the Purposes and Principles of the UN
Charter for the promotion of peaceful, friendly, and good neighbourly relations among
nations in the spirit of ‘One Earth, One Family, One Future’.
14. Today’s era must not be of war.

A. Strong, Sustainable, Balanced, and Inclusive Growth
Global Economic Situation
15. Cascading crises have posed challenges to long-term growth. Facing an uneven
recovery, and cognizant of the need to boost long-term growth, we will implement wellcalibrated macroeconomic and structural policies. We will protect the vulnerable,
through promoting equitable growth and enhancing macroeconomic and financial
stability. Such an approach will help resolve the cost-of-living crisis and unlock strong,
sustainable, balanced, and inclusive growth.
16. Global economic growth is below its long-run average and remains uneven. The
uncertainty around the outlook remains high. With notable tightening in global financial
conditions, which could worsen debt vulnerabilities, persistent inflation and
geoeconomic tensions, the balance of risks remains tilted to the downside. We,
therefore, reiterate the need for well-calibrated monetary, fiscal, financial, and structural
policies to promote growth, reduce inequalities and maintain macroeconomic and
financial stability. We will continue to enhance macro policy cooperation and support
the progress towards the 2030 Agenda for Sustainable Development. We reaffirm that
achieving strong, sustainable, balanced and inclusive growth (SSBIG) will require
policymakers to stay agile and flexible in their policy response, as evidenced during the
recent banking turbulence in a few advanced economies where expeditious action by
relevant authorities helped to maintain financial stability and manage spillovers. We
welcome the initial steps taken by the Financial Stability Board (FSB), Standard Setting

3

Zero Draft

Bodies (SSBs) and certain jurisdictions to examine what lessons can be learned from
this recent banking turbulence and encourage them to advance their ongoing work. We
will use macroprudential policies, where required, to safeguard against downside risks.
Central banks remain strongly committed to achieving price stability in line with their
respective mandates. They will ensure that inflation expectations remain well anchored
and will clearly communicate policy stances to help limit negative cross-country
spillovers. Central bank independence is crucial to maintaining policy credibility. We will
prioritise temporary and targeted fiscal measures to protect the poor and the most
vulnerable, while maintaining medium-term fiscal sustainability. Ensuring the overall
coherence of the monetary and fiscal stances remains important. We recognise the
importance of supply-side policies, especially policies that increase labour supply and
enhance productivity to boost growth and alleviate price pressures. We reaffirm the
April 2021 exchange rate commitment made by our Finance Ministers and Central Bank
Governors.
17. We recognise the critical role of private enterprise in accelerating growth and driving
sustainable economic transformations. To this end, we resolve to work with private
sector to:
i.

Create inclusive, sustainable, and resilient global value chains, and support
developing countries to move up the value chain.

ii.

Facilitate investments including Foreign Direct Investments (FDIs) towards
sustainable business models.

iii.

Devise pipelines of investible projects in developing countries, by leveraging
expertise of MDBs to mobilise investments.

iv.

Promote the ease and reduce the cost of doing business.

18. We recognise that start-ups and MSMEs are natural engines of growth. They are key
to socio-economic transformation by driving innovation and creating employment. We
welcome the establishment of the Start-up 20 Engagement Group during India’s G20
Presidency and its continuation.
Unlocking Trade for Growth
19. We reaffirm that a rules-based, non-discriminatory, fair, open, inclusive, equitable,
sustainable and transparent multilateral trading system, with WTO at its core, is
indispensable. We will support policies that enable trade and investment to serve as an
engine of growth and prosperity for all. Today, we:
i. Renew our commitment to ensure a level-playing field and fair competition by
discouraging protectionism and market distorting practices, to foster a favourable
trade and investment environment for all. We reiterate the need to pursue WTO
reform to improve all its functions through an inclusive member-driven process, and
remain committed to conducting discussions with a view to having a fully and wellfunctioning dispute settlement system accessible to all members by 2024. We
commit to work constructively to ensure positive outcomes at the WTO’s Thirteenth
Ministerial Conference (MC13).

4

Zero Draft

ii.

Recognise challenges MSMEs, particularly in developing countries, face with
respect to access to information and thus, welcome Jaipur Call for Action for
enhancing MSMEs’ access to information to promote the integration of MSMEs into
international trade.

iii.

Welcome the adoption of G20 Generic Framework for Mapping Global Value Chains
(GVC) to help members identify risks and build resilience.

iv.

Welcome the High-Level Principles on Digitalization of Trade Documents and will
make efforts to encourage implementation, and encourage other countries to
consider these principles.

v.

Ensure that trade and environment policies should be mutually supportive,
consistent with WTO and multilateral environmental agreements.

vi.

Recognize the importance of WTO’s ‘Aid for Trade’ initiative to enable developing
countries, notably LDCs to effectively participate in global trade, including through
enhanced local value creation. We welcome all efforts to mobilize necessary
resources in this regard.

Preparing for the Future of Work
20. We commit to addressing skill gaps, promoting decent work and ensuring inclusive
social protection policies for all. Towards this aim, we:
i.

Recognise that well-integrated and adequately skilled workers benefit origin and
destination countries alike and commit to working towards ensuring well-managed,
regular and skills-based migration pathways.

ii.

Welcome efforts to map global skill gaps and the development of the G20 policy
priorities to address skill gaps globally, including through further strengthening our
national statistical data, extending the coverage of the ILO and OECD Skills for Jobs
Databases to G20 countries, as appropriate. We commit to effectively addressing
global skills for sustainable and inclusive economic development.

iii.

Commit to consider the development of an international reference classification of
occupations by skill and qualification requirements to facilitate cross-country
comparability and mutual recognition of skills and qualifications.

iv.

Welcome the comprehensive toolkit with adaptable frameworks for designing and
introducing digital upskilling and reskilling programmes.

v.

Aim to achieve sustainably financed universal social protection coverage and
consider portability of social security benefits through bilateral and multilateral
agreements.

vi.

Support progress on the implementation of the UN Global Accelerator on Jobs and
Social Protection for Just Transitions.

5

Zero Draft

vii.

Acknowledge the economic significance and societal value of the cultural and
creative sector to support inclusive growth, sustainable development and decent
work.

viii.

Ensure adequate social protection and decent working conditions for gig and
platform workers.

ix.

Will increase our efforts for the elimination of child labour and forced labour along
global value chains.

Advancing Financial Inclusion
21. We welcome the 2023 Update to Leaders on Progress towards the G20 Remittance
Target and endorse the Regulatory Toolkit for Enhanced Digital Financial Inclusion of
Micro, Small and Medium Enterprises (MSMEs). We endorse the voluntary and nonbinding G20 Policy Recommendations for Advancing Financial Inclusion and
Productivity Gains through Digital Public Infrastructure. We take note of the significant
role of digital public infrastructure in helping to advance financial inclusion in support of
inclusive growth and sustainable development. We also encourage the continuous
development and responsible use of technological innovations including innovative
payment systems, to achieve financial inclusion of the last mile and progress towards
reducing the cost of remittances. We also support continuous efforts to strengthen
digital financial literacy and consumer protection. We endorse the G20 2023 Financial
Inclusion Action Plan (FIAP), which provides an action oriented and forward-looking
roadmap for rapidly accelerating the financial inclusion of individuals and MSMEs,
particularly vulnerable and underserved groups in the G20 countries and beyond.
Fighting Corruption
22. We reaffirm our commitment to zero tolerance for corruption.
i.

We endorse the three G20 High-Level Principles on:
o Strengthening Law Enforcement related International Cooperation and
Information Sharing for Combating Corruption
o Strengthening Asset Recovery Mechanisms for Combating Corruption
o Promoting Integrity and Effectiveness of Public Bodies and Authorities
responsible for Preventing and Combating Corruption

ii.

Reaffirm our support to enhance global efforts to seize, confiscate and return
criminal proceeds to victims and states, in line with international obligations and
domestic legal frameworks, including through support to the Financial Action Task
Force (FATF) and operationalization of the GlobE Network.

iii.

Reaffirm our commitment to demonstrate and continue concrete efforts and share
information on our actions towards criminalizing foreign bribery and enforcing
foreign bribery legislation, in line with Article 16 of the United Nations Convention
against Corruption (UNCAC), and welcome Anti-Corruption Working Group’s efforts
in striving towards this goal. We look forward to enlarging participation to the OECD
Anti-Bribery Convention, as appropriate.

6

Zero Draft

B. Accelerating Progress on Sustainable Development Goals (SDGs)
23. At the midway point to 2030, the global progress on SDGs is off-track with only 12
percent of the targets on track. During this Decade of Action, we will leverage the G20’s
convening power and its collective resolve to fully and effectively implement the 2030
Agenda and accelerate progress toward the SDGs, in a timely manner, to shape the
world we want to see for our future generations.
Recommitting to Achieving SDGs
24. To accelerate progress on SDGs, we commit to taking collective action for effective and
timely implementation of the G20 2023 Action Plan to Accelerate Progress on the
SDGs, including its High-Level Principles. We will ensure that no one is left behind. We
commend the efforts of the Indian Presidency to accelerate the implementation of the
2030 Agenda. To this end, we:
i.

Recognise the role of digital transformation, AI, data advances, and the need to
address digital divides. We endorse the G20 Principles on Harnessing Data for
Development (D4D) and welcome the decision to launch Data for Development
Capacity Building Initiative, and other existing initiatives.

ii.

We reaffirm our commitment towards the mobilisation of affordable, adequate and
accessible financing from all sources to support developing countries in their
domestic efforts to address bottlenecks for implementation of the 2030 Agenda and
the Addis Ababa Action Agenda. We call upon developed countries to fully deliver
on their respective ODA commitments that complements and encourages
development financing from all other sources, including public and private, domestic
and international, in a timely manner, and contribute to addressing the financing
needs of developing countries.

iii.

Highlight the crucial role of tourism and culture as a means for sustainable socioeconomic development and economic prosperity, and take note of the Goa
Roadmap for Tourism as one of the vehicles for achieving the SDGs.

iv.

Commit to enhancing G20 cooperation and partnerships to address challenges
being faced in the implementation of the 2030 Agenda. We welcome ongoing efforts
at the UN, including the Secretary General’s efforts to address the SDG financing
gap through an SDG stimulus, and will provide full support to the United Nations
2023 SDG Summit, the United Nations Summit of the Future, and other relevant
processes.

25. We reiterate our commitment to take action to scale up sustainable finance. In line with
the G20 Sustainable Finance Roadmap, we welcome the analytical framework for
SDG-aligned finance and voluntary recommendations for scaling up adoption of social
impact investment instruments and improving nature-related data and reporting,
informed by the stocktaking analyses, considering country circumstances.

7

Zero Draft

Eliminating Hunger and Malnutrition
26. We commit to enhance global food security and nutrition for all in line with the G20
Deccan High-Level Principles on Food Security and Nutrition 2023. To achieve this,
we:
i.

We encourage efforts to strengthen research cooperation on climate-resilient and
nutritious grains such as millets, quinoa, sorghum, and other traditional crops
including rice, wheat and maize. We welcome the outcomes from the G20 members
engagement in the 12th G20 Meeting of Agriculture Chief Scientists (MACS).

ii.

Emphasize the importance of increasing access to, availability, and efficient use of
fertilizer and agricultural inputs, including through strengthening local fertilizer
production, and to improve soil health.

iii.

Commit to accelerating innovations and investment focused on increasing
agricultural productivity, reducing food loss and waste across the value chain, and
improving marketing and storage, to build more sustainable and climate-resilient
agriculture and food systems.

iv.

Commit to support developing countries’ efforts and capacities to address their food
security challenges, and work together to enable access to affordable, safe,
nutritious and healthy diets, and to foster the progressive realization of the right to
adequate food.

v.

Commit to facilitate open, fair, predictable, and rules-based agriculture, food and
fertilizer trade, not impose export prohibitions or restrictions and reduce market
distortions, in accordance with relevant WTO rules.

vi.

Commit to strengthening the Agricultural Market Information System (AMIS) and the
Group on Earth Observations Global Agricultural Monitoring (GEOGLAM), for
greater transparency to avoid food price volatility, supporting AMIS’s work on
fertilizers, its expansion to include vegetable oils, and for enhancing collaboration
with early warning systems.

Macroeconomic impacts of food and energy insecurity
27. While global food and energy prices have fallen from their peak levels, the potential for
high levels of volatility in food and energy markets remains, given the uncertainties in
the global economy. In this context, we take note of the G20 Report on Macroeconomic
Impacts of Food and Energy Insecurity and their Implications for the Global Economy.
We look forward to an ambitious replenishment of the International Fund for Agricultural
Development (IFAD) resources at the end of the year by IFAD members to support
IFAD’s fight against food insecurity.
Strengthening Global Health and Implementing One Health Approach
28. We remain committed to strengthening the global health architecture, with the World
Health Organization (WHO) at its core, and building more resilient, equitable,
sustainable, and inclusive health systems to achieve Universal Health Coverage,

8

Zero Draft

implement One Health approach, enhance pandemic preparedness and strengthen
existing infectious diseases surveillance systems. To achieve this, we will:
i.

Focus on strengthening primary health care and health workforce and improving
essential health services and health systems to better than pre-pandemic levels,
ideally within the next 2-3 years, as well as continue progress towards polio
eradication and ending ongoing epidemics including AIDS, tuberculosis, malaria,
hepatitis and water-borne and other communicable diseases, also recognising the
importance of research on long COVID.

ii.

Promote the One Health-based approach driven by the Quadripartite’s One Health
Joint Plan of Action (2022-2026).

iii.

Enhance the resilience of health systems and support development of climateresilient and low-carbon health systems in collaboration with MDBs, and support the
work of the WHO-led Alliance for Transformative Action on Climate and Health
(ATACH).

iv.

Implement and prioritise tackling Antimicrobial Resistance (AMR) following the One
Health approach, including through research and development, infection prevention
and control, as well as antimicrobial stewardship efforts within respective national
action plans through AMR and antimicrobial consumption surveillance.

v.

Facilitate equitable access to safe, effective, quality-assured, and affordable
vaccines, therapeutics, diagnostics, and other medical countermeasures, especially
in Low-and Middle-income Countries (LMICs), LDCs and SIDS.

vi.

Look forward to a successful outcome of the ongoing negotiations at the
Intergovernmental Negotiating Body (INB) for an ambitious, legally binding WHO
convention, agreement or other international instruments on pandemic PPR (WHO
CA+) by May 2024, as well as amendments to better implement the International
Health Regulations (2005).

vii.

Recognize the potential role of evidence-based Traditional and Complementary
Medicine in health, and take note of international efforts in this direction, including
WHO’s global and collaborating centres, and clinical trial registries.

viii.

Support the WHO-led inclusive consultative process for the development of an
interim medical countermeasures coordination mechanism, with effective
participation of LMICs and other developing countries, considering a network of
networks approach, leveraging local and regional R&D and manufacturing
capacities, and strengthening last mile delivery. This may be adapted in alignment
with the WHO CA+.

ix.

Promote and improve access to mental health services and psychosocial support in
an inclusive manner.

x.

While highlighting the public health dimension of the world drug problem, call for
strong international counter-narcotics cooperation, free of unnecessary restrictions,
including information sharing and capacity building to disrupt production and

9

Zero Draft

proliferation of illicit drugs, including synthetic drugs, and precursor chemicals at
their origin, in transit and at destination points.
Finance-Health Collaboration
29. We remain committed to strengthening the global health architecture for pandemic
prevention, preparedness and response (PPR) through enhanced collaboration
between Finance and Health Ministries under the Joint Finance and Health Task Force
(JFHTF). Under the JFHTF, we welcome the participation of invited key regional
organisations in the Task Force meetings as they enhance the voice of low-income
countries. We welcome the discussion on the Framework on Economic Vulnerabilities
and Risks (FEVR) and the initial Report for Economic Vulnerabilities and Risks arising
from pandemics, created through collaboration between World Health Organisation
(WHO), World Bank, IMF, and European Investment Bank (EIB). We call on the Task
Force to continue refining this Framework over its multi-year work plan in order to
regularly assess economic vulnerabilities and risks due to evolving pandemic threats,
taking into account country-specific circumstances. We welcome the Report on Best
Practices from Finance Health Institutional Arrangements during Covid-19 that will
contribute towards joint finance-health sector readiness to support our response to
future pandemics. We welcome the Report on Mapping Pandemic Response Financing
Options and Gaps developed by the WHO and World Bank and look forward to further
deliberations on how financing mechanisms could be optimized, better coordinated
and, when necessary, suitably enhanced to deploy the necessary financing quickly and
efficiently, duly considering discussions in other global forums. We welcome the
conclusion of the first call for proposals by the Pandemic Fund and look forward to the
second Call for Proposals by the end of 2023, based on lessons learned from the first
Call for Proposals. We highlight the importance of securing new donors and coinvestment. We ask the Task Force to report back to Finance and Health Ministers in
2024 on its progress.
Delivering Quality Education
30. We are committed to inclusive, equitable, high-quality education and skills training for
all, including for those in vulnerable situations. We recognize the importance of
investment in supporting human capital development. To this end, we:
i.

Recognize the importance of foundational learning (literacy, numeracy, and socioemotional skills) as the primary building block for education and employment.

ii.

Reiterate our commitment to harness digital technologies to overcome the digital
divides for all learners.

iii.

Extend support to educational institutions and teachers to enable them to keep pace
with emerging trends and technological advances including AI.

iv.

Emphasize expanding access to high-quality Technical and Vocational Education
and Training (TVET).

v.

Reaffirm our commitment to promote open, equitable and secure scientific
collaboration and encourage mobility of students, scholars, researchers, and
scientists across research and higher education institutions.

10

Zero Draft

vi.

Emphasize the importance of enabling life-long learning focused on skilling,
reskilling, and upskilling especially for vulnerable groups.

Culture as a Transformative Driver of SDGs
31. We call for the full recognition and protection of culture with its intrinsic value as a
transformative driver and an enabler for the achievement of the SDGs and advance the
inclusion of culture as a standalone goal in future discussions on a possible post-2030
development agenda. We reiterate our commitment to strengthen our fight against illicit
trafficking of cultural property at national, regional or international levels to enable its
return and restitution to their countries and communities of origin as relevant, and call
for sustained dialogue and action in that endeavour, with a view to strengthen cultural
diplomacy and intercultural exchanges, consistent with national law and relevant
UNESCO Conventions. We encourage the international community to protect the living
cultural heritage, including the intellectual property, notably with regard to the impact of
the over commercialization and misappropriation of such living heritage on the
sustainability and on the livelihoods of practitioners and community bearers as well as
Indigenous Peoples.

C. Green Development Pact for a Sustainable Future
32. Recognising that the prosperity and well-being of present and future generations
depends on our current development and other policy choices and actions, we resolve
to pursue environmentally sustainable and inclusive economic growth and development
in an integrated, holistic and balanced manner.
33. We commit to urgently accelerate our actions to address environmental crises and
challenges including climate change. We recognize that the impacts of climate change
are being experienced worldwide, particularly by the poorest and the most vulnerable,
including in LDCs and SIDS. Mindful of our leadership role, we reaffirm our steadfast
commitments, in pursuit of the objective of UNFCCC, to tackle climate change by
strengthening the full and effective implementation of the Paris Agreement and its
temperature goal, reflecting equity and the principle of common but differentiated
responsibilities and respective capabilities, in light of different national circumstances.
We note with concern that global ambition and implementation to address climate
change remain insufficient to achieve the temperature goal of the Paris Agreement to
hold the increase in the global average temperature to well below 2°C above preindustrial levels, and pursue efforts to limit the temperature increase to 1.5°C above
pre-industrial levels. We highlight the importance of ambitious action on all pillars of the
Paris Agreement, taking into account the best available science. Noting the IPCC
assessments, that the impacts of climate change will be much lower at a temperature
increase of 1.5°C compared with 2°C, we reiterate our resolve to pursue further efforts
to limit the increase to 1.5°C. This will require meaningful and effective actions and
commitment by all countries, taking into account different approaches, through the
development of clear national pathways that align long term ambition with short and
medium-term goals, and with international cooperation and support, including finance
and technology and sustainable and responsible consumption and production as critical
enablers, in the context of sustainable development. We recognize that limiting global
warming to 1.5°C requires rapid, deep and sustained reductions in global GHG
emissions of 43% by 2030 relative to the 2019 levels. We also take note of the finding

11

Zero Draft

of the IPCC AR6 Synthesis Report, based on global modelled pathways and
assumptions, stating that “Global GHG emissions are projected to peak between 2020
and at the latest before 2025 in global modelled pathways that limit warming to 1.5°C
with no or limited overshoot and in those that limit warming to 2°C and assume
immediate action.” This does not imply peaking in all countries within this timeframe;
timeframes for peaking may be shaped by sustainable development, poverty
eradication needs, equity, and in line with different national circumstances. We further
recognize that technology development and transfer on voluntary and mutually agreed
terms, capacity building and financing can support countries in this regard.
34. We urge all countries that have not yet aligned their NDCs with the temperature goal of
the Paris Agreement, to revisit and strengthen the 2030 targets in their NDCs, as
necessary, by the end of 2023, taking into account different national circumstances,
and we welcome those who have already done so. We recall the nationally determined
nature of NDCs and Article 4.4 of the Paris Agreement, which provides that “Developed
country Parties should continue taking the lead by undertaking economy-wide absolute
emission reduction targets. Developing country Parties should continue enhancing their
mitigation efforts, and are encouraged to move over time towards economy-wide
emission reduction or limitation targets in the light of different national circumstances.”
In this context, we commend those countries whose NDCs include economy-wide
targets covering all GHGs, and others are encouraged to include such economy-wide
targets in their upcoming NDC cycle(s), in the light of different national circumstances.
We will contribute to a successful conclusion of the first global stocktake at COP28 in
Dubai, that drives enhanced climate action across mitigation, adaptation, and means of
implementation and support. We reiterate our commitment to achieve global net zero
GHG emissions/carbon neutrality by or around mid-century, while taking into account
the latest scientific developments and in line with different national circumstances,
taking into account different approaches including the Circular Carbon Economy, socioeconomic, technological, and market development, and promoting the most efficient
solutions.
Macroeconomic risks stemming from climate change and transition pathways
35. The macroeconomic costs of the physical impacts of climate change are significant both
at aggregate and country levels, and the cost of inaction substantially outweighs that of
orderly and just transitions. We recognise the importance of international dialogue and
cooperation, including in the areas of finance and technology, and timely policy action
consistent with country-specific circumstances. It is also critical to assess and account
for the short, medium and long-term macroeconomic impact of both the physical impact
of climate change and transition policies, including on growth, inflation, and
unemployment. We endorse the G20 Report on Macroeconomic Risks Stemming from
Climate Change and Transition Pathways. Building on analysis in this Report, we will
consider further work on the macroeconomic implications, as appropriate, particularly
as relevant for fiscal and monetary policies, drawing on the inputs from a diverse set of
stakeholders.
Mainstreaming Lifestyles for Sustainable Development (LiFE)
36. Based on the G20 High-Level Principles on Lifestyles for Sustainable Development, we
commit to robust collective actions that will enable the world to embrace sustainable

12

Zero Draft

production and consumption patterns and mainstream Lifestyles for Sustainable
Development. Relevant studies on it show that it could contribute to significant emission
reduction by 2030 for a global net-zero future. We support the creation of an enabling
policy environment to promote sustainable lifestyles for climate action. Towards this
end, we:
i.

Commit to implement the G20 High-Level Principles on Lifestyles for Sustainable
Development.

ii.

Support the implementation of the High-Level Principles (HLPs) through
international cooperation, financial support, and development, deployment and
dissemination of technology. We encourage International Organizations to
incorporate the HLPs into their programs, as appropriate.

iii.

Note the launch of “Travel for LiFE” and support the development of smart
destinations that are responsible and sustainable.

Designing a Circular Economy World
37. In order to endeavour to decouple our economic growth from environmental
degradation and enhance sustainable consumption and production, including primary
resource consumption while supporting economic growth, we acknowledge the critical
role played by circular economy, extended producer responsibility and resource
efficiency in achieving sustainable development. We thank the Indian presidency in
launching Resource Efficiency and Circular Economy Industry Coalition (RECEIC). We
commit to enhance environmentally sound waste management, substantially reduce
waste generation by 2030, and highlight the importance of zero waste initiatives.
Implementing Clean, Sustainable, Just, Affordable & Inclusive Energy Transitions
38. We commit to accelerating clean, sustainable, just, affordable and inclusive energy
transitions following various pathways, as a means of enabling strong, sustainable,
balanced and inclusive growth and achieve our climate objectives. We recognise the
needs, vulnerabilities, priorities and different national circumstances of developing
countries. We support strong international and national enabling environments to foster
innovation, voluntary and mutually agreed technology transfer, and access to low-cost
financing. To this end, we:
i.

Emphasise the importance of maintaining uninterrupted flows of energy from
various sources, suppliers and routes, exploring paths of enhanced energy security
and market stability, including through inclusive investments to meet the growing
energy demand, in line with our sustainable development and climate goals, while
promoting open, competitive, non-discriminatory and free international energy
markets.

ii.

Recognizing that developing countries need to be supported in their transitions to
low carbon/emissions, we will work towards facilitating low-cost financing for them.

iii.

Support the acceleration of production, utilization, as well as the development of
transparent and resilient global markets for hydrogen produced from zero and low-

13

Zero Draft

emission technologies and its derivatives such as ammonia, by developing
voluntary and mutually agreed harmonising standards as well as mutually
recognised and inter-operable certification schemes. To realise this, we affirm the
‘G20 High Level Voluntary Principles on Hydrogen’, to build a sustainable and
equitable global hydrogen ecosystem that benefits all nations. We take note of the
Presidency’s initiative to establish the Green Hydrogen Innovation Centre steered
by the International Solar Alliance (ISA).
iv.

Will work towards facilitating access to low-cost financing for developing countries,
for existing as well as new and emerging clean and sustainable energy technologies
and for supporting the energy transitions. We note the report on “Low-cost Financing
for the Energy Transitions” prepared under the Indian Presidency and its estimation
that the world needs an annual investment of over USD 4 trillion, with a high share
of renewable energy in the primary energy mix.

v.

Will pursue and encourage efforts to triple renewable energy capacity globally
through existing targets and policies, as well as demonstrate similar ambition with
respect to other zero and low-emission technologies, including abatement and
removal technologies, in line with national circumstances by 2030. We also note the
‘Voluntary Action Plan for Promoting Renewable Energy to Accelerate Universal
Energy Access’.

vi.

Pledge to advance cooperation initiatives to develop, demonstrate and deploy clean
and sustainable energy technologies and solutions and other efforts for innovation.

vii.

Take note of the ‘Voluntary Action Plan on Doubling the Rate of Energy Efficiency
Improvement by 2030’.

viii.

Recognize the importance of sustainable biofuels in our zero and low- emission
development strategies, and note the setting up of a Global Biofuels Alliance.

ix.

Support reliable, diversified, sustainable and responsible supply chains for energy
transitions, including for critical minerals and materials beneficiated at source, semiconductors and technologies. We take note of the Presidency’s “Voluntary HighLevel Principles for Collaboration on Critical Minerals for Energy Transitions”.

x.

For countries that opt to use civil nuclear energy, will collaborate on voluntary and
mutually agreed terms, in research, innovation, development & deployment of civil
nuclear technologies including advanced and Small Modular Reactors (SMRs), in
accordance with national legislations. These countries will promote responsible
nuclear decommissioning, radioactive waste and spent fuel management and
mobilizing investments, and share knowledge and best practices, through
strengthening international cooperation to promote nuclear safety globally.

xi.

Recognize the role of grid interconnections, resilient energy infrastructure and
regional/cross-border power systems integration, where applicable in enhancing
energy security, fostering economic growth and facilitating universal energy access
for all.

14

Zero Draft

xii.

Will increase our efforts to implement the commitment made in 2009 in Pittsburgh
to phase-out and rationalise, over the medium term, inefficient fossil fuel subsidies
that encourage wasteful consumption and commit to achieve this objective, while
providing targeted support for the poorest and the most vulnerable.

xiii.

Recognise the importance to accelerate the development, deployment and
dissemination of technologies, and the adoption of policies, to transition towards
low-emission energy systems, including by rapidly scaling up the deployment of
clean power generation, including renewable energy, as well as energy efficiency
measures, including accelerating efforts towards phasedown of unabated coal
power, in line with national circumstances and recognizing the need for support
towards just transitions.

Delivering on Climate and Sustainable Finance
39. We welcome the Sustainable Finance Working Group (SFWG) recommendations on
the mechanisms to support the timely and adequate mobilisation of resources for
climate finance while ensuring support for transition activities in line with country
circumstances. We also recognise the significant role of public finance as an important
enabler of climate actions, such as leveraging much-needed private finance through
blended financial instruments, mechanisms and risk-sharing facilities to address both
adaptation and mitigation efforts in a balanced manner for reaching ambitious
Nationally Determined Contributions (NDCs), carbon neutrality and net-zero
considering different national circumstances. We welcome the SFWG
recommendations for scaling up blended finance and risk-sharing facilities, including
the enhanced role of MDBs in mobilizing climate finance. We underscore the
importance of maximizing the effect of concessional resources, such as those of the
multilateral climate funds, to support developing countries’ implementation of the Paris
Agreement and call for an ambitious second replenishment process of the Green
Climate Fund for its upcoming 2024-2027 programming period We will undertake work
to facilitate access to multilateral climate funds and enhance their leverage and ability
to mobilize private capital. Recognizing the importance of supporting the
commercialization of early-stage technologies that avoid, abate and remove
greenhouse gas emissions and facilitate adaptation, we note the recommendations on
financial solutions, policies, and incentives to encourage greater private flows for the
rapid development, demonstration, and deployment of green and low-emission
technologies. We reiterate the importance of a policy mix consisting of fiscal, market
and regulatory mechanisms, including, as appropriate, the use of carbon pricing and
non-pricing mechanisms and incentives toward carbon neutrality and net zero.
40. We endorse the multi-year G20 Technical Assistance Action Plan (TAAP) and the
voluntary recommendations made to overcome data-related barriers to climate
investments. We encourage the implementation of TAAP by relevant jurisdictions and
stakeholders in line with the national circumstances. We look forward to reporting on
the progress made in the implementation of the G20 Sustainable Finance Roadmap,
which is voluntary and flexible in nature, and call for further efforts to advance the
Roadmap’s recommended actions that will scale up sustainable finance, including,
among others, the implementation of the Transition Finance Framework. We look
forward to the 2023 G20 Sustainable Finance Report. We welcome the finalization of
the sustainability and climate-related disclosure standards published by the

15

Zero Draft

International Sustainability Standards Board (ISSB) in June 2023, which provide the
mechanisms that address proportionality and promote interoperability. It is important
that flexibility, to take into account country-specific circumstances, is preserved in the
implementation of those standards. When put into practice as above, those standards
will help support globally comparable and reliable disclosures.
41. We recognise the need for increased global investments to meet our climate goals of
the Paris Agreement, and to rapidly and substantially scale up investment and climate
finance from billions to trillions of dollars globally from all sources. In this regard, it is
essential to align all relevant financial flows with these objectives while scaling up
finance, capacity building and technology transfer on voluntary and mutually agreed
terms, taking into account the priorities and needs of developing countries. To achieve
this, we:
i.

Note the need of USD 5.8-5.9 trillion in the pre-2030 period required for developing
countries, in particular for their needs to implement their NDCs, as well as the need
of USD 4 trillion per year for clean energy technologies by 2030 to reach net zero
emissions by 2050.

ii. We recall and reaffirm the commitment made in 2010 by the developed countries to
the goal of mobilizing jointly USD 100 billion climate finance per year by 2020, and
annually through 2025, to address the needs of the developing countries, in the
context of meaningful mitigation action and transparency in implementation.
Developed country contributors expect this goal to be met for the first time in 2023.
iii. We will work to successfully implement the decision at COP27 on funding
arrangements for responding to loss and damage for assisting developing countries
that are particularly vulnerable to the adverse effects of climate change, including
establishing a fund. We will support the Transitional Committee established in this
regard, and look forward to its recommendations on operationalization of the new
funding arrangements including a fund at COP28.
iv. Call on Parties to set an ambitious, transparent and trackable New Collective
Quantified Goal (NCQG) of climate finance in 2024, from a floor of USD 100 billion
a year, taking into account the needs and priorities of developing countries in
fulfilling the objective of the UNFCCC and implementation of the Paris Agreement.
v. Recalling para 18 of the Glasgow Climate Pact, we urge the developed countries to
fulfil their commitment to at least double their collective provision of adaptation
finance from 2019 levels by 2025, in the context of achieving scaled up financial
resources.
vi. Call on all relevant financial institutions, such as MDBs and multilateral funds to
further strengthen their efforts including by setting ambitious adaptation finance
targets and announcing, where appropriate, revised and enhanced 2025
projections.

16

Zero Draft

vii. Acknowledge the vital role of private climate finance in supplementing public climate
finance and encourage the development of financing mechanisms such as blended
finance, de-risking instruments and green bonds for projects in developing
countries.
Conserving, Protecting, Sustainably Using and Restoring Ecosystems
42. We emphasize the importance of healthy ecosystems in addressing climate change,
biodiversity loss, desertification, drought, land degradation, pollution, food insecurity
and water scarcity. We commit to restoring by 2030 at least 30% of all degraded
ecosystems and scaling up efforts to achieve land degradation neutrality. To achieve
this, we:
i.

Commit to the swift, full and effective implementation of the Kunming-Montreal
Global Biodiversity Framework (GBF), and encourage others to do the same, and
encourage actions to halt and reverse biodiversity loss by 2030. We also call for
enhanced financial resources from all sources. To this end, we welcome the recent
establishment of the Global Biodiversity Framework Fund within the Global
Environment Facility (GEF).

ii.

Support the G20 ambition to reduce land degradation by 50% by 2040 on a
voluntary basis, as committed under the G20 Global Land Initiative (GLI) and note
the discussions on the Gandhinagar Implementation Roadmap and the
Gandhinagar Information Platform.

iii.

Recognize that forests provide crucial ecosystem services, as well as for climate
purposes acting as sinks, at the global and local levels for the environment, climate
and people. We will scale up efforts to protect, conserve and sustainably manage
forests and combat deforestation, in line with internationally agreed timelines,
highlighting the contributions of these actions for sustainable development and
taking into account the social and economic challenges of local communities and
indigenous peoples. In the context of forests, we will avoid discriminatory green
economic policies, consistent with WTO rules and multilateral environmental
agreements. We are committed to mobilizing new and additional finance for forests
from all sources, including concessional and innovative financing, in particular for
developing countries. We commit to prevention and mitigation of wildfires and
remediation of mining-degraded lands.

iv.

Call for enhancing global cooperation and sharing of best practices on water, and
welcome the deliberations at the UN 2023 Water Conference and G20 Dialogue on
Water.

Harnessing and Preserving the Ocean-based Economy
43. We commit to conserving, protecting, restoring and sustainably using the world’s
ocean, marine ecosystems, and look forward to make progress and in this regard,
contribute to the 2025 UN Ocean Conference. To this end, we:
i.

Welcome the Chennai High-Level Principles for a Sustainable and Resilient
Blue/Ocean-based Economy.

17

Zero Draft

ii.

Note the adoption of the new international legally binding instrument under the UN
Convention on the Law of the Sea (UNCLOS) on the conservation and sustainable
use of marine Biological diversity of areas Beyond National Jurisdiction (BBNJ) and
call on all countries for its early entry into force and implementation.

iii.

Support the Commission for the Conservation of Antarctic Marine Living Resources
(CCAMLR), within the Antarctic Treaty system, to establish a representative system
of Marine Protected Areas (MPAs) in the CCAMLR Convention area based on the
best available scientific evidence.

iv.

Reiterate our commitment to ending illegal, unreported, and unregulated (IUU)
fishing, as well as destructive fishing methods in accordance with international law.

v.

Support the role of Ocean 20 Dialogue in making progress to achieve this agenda.

Ending Plastic Pollution
44. We are determined to end plastic pollution. In this context, we welcome the resolution
UNEP/EA.5/Res.14 which established an Intergovernmental Negotiating Committee
(INC) to develop an international legally binding instrument on plastic pollution,
including the marine environment, with the ambition of completing its work by the end
of 2024. We will also build on the G20 Marine Litter Action Plan as elucidated in the
Osaka Blue Ocean Vision.
Financing Cities of Tomorrow
45. We emphasise the need for enhanced mobilisation of finances and efficient use of
existing resources in our efforts to make the cities of tomorrow inclusive, resilient, and
sustainable. To this effect, we endorse the G20 Principles for Financing Cities of
Tomorrow, which are voluntary and non-binding in nature and the G20/OECD Report
on Financing Cities of Tomorrow, which provides a financing strategy as well as
presents a compendium of innovative urban planning and financing models. We
encourage stakeholders, including the Development Financial Institutions and the
MDBs, to explore the potential of drawing upon these principles in their planning and
financing of urban infrastructure wherever applicable and share experiences from early
pilot cases. We note the progress in outlining the enablers of inclusive cities. We also
note the customisable G20/ADB Framework on Capacity Building of Urban
Administration to guide local governments in assessing and enhancing their overall
institutional capacity for the effective delivery of public services. We note the ongoing
pilot application of the voluntary and non-binding Quality Infrastructure Investment (QII)
Indicators and look forward to further discussion on their application considering
country circumstances.
Reducing Disaster Risk and Building Resilient Infrastructure
46. This year, the G20 Presidency has catalysed efforts on disaster risk reduction in the
G20 through institutionalization of the Disaster Risk Reduction (DRR) Working Group
as noted by UNGA res. 77/289. We reaffirm the Sendai Framework for Disaster Risk

18

Zero Draft

Reduction (SFDRR) and recognize the need for accelerating its full implementation. To
this end, we:
i.

Urge for accelerating progress on Early Warning and Early Action through
strengthening national and local capacities, innovative financing tools, private sector
investment, and knowledge sharing.

ii.

Continue to support augmentation of capabilities of all countries, including emerging
economies, in particular developing countries, LDCs and SIDS, for promoting
disaster and climate resilience of infrastructure systems. We welcome the Global
Platform for DRR and take note of initiatives such as the Coalition for Disaster
Resilient Infrastructure (CDRI) in furtherance of such collaboration and sharing.

iii.

Promote mutual learning of recovery experiences applying all the principles of
Sendai Framework.

D. Multilateral Institutions for the 21st Century
Reinvigorating Multilateralism
47. The global order has undergone dramatic changes since the Second World War due to
economic growth and prosperity, decolonization, demographic dividends, technological
achievements, emergence of new economic powers and deeper international
cooperation. The United Nations must be responsive to the entire membership, faithful
to its founding purposes and principles of its Charter and adapted to carrying out its
mandate. In this context, we recall the Declaration on the Commemoration of the 75th
anniversary of the United Nations (UNGA 75/1) which reaffirmed that our challenges
are inter-connected and can only be addressed through reinvigorated multilateralism,
reforms and international cooperation. The need for revitalized multilateralism to
adequately address contemporary global challenges of the 21st Century, and to make
global governance more representative, effective, transparent and accountable, has
been voiced at multiple fora. In this context, a more inclusive and reinvigorated
multilateralism and reform aimed at implementing the 2030 agenda is essential.
Reforming International Financial Institutions
48. The 21st century also requires an international development finance system that is fit
for purpose, including for the scale of need and depth of the shocks facing developing
countries, in particular the poorest and most vulnerable. We are working to deliver
better, bigger and more effective MDBs by enhancing operating models, improving
responsiveness and accessibility, and substantially increasing financing capacity to
maximise development impact. Stronger MDBs will be important to our efforts to
mobilize financing from all sources for a quantum jump from billions to trillions of dollars
for development. We underscore the need for enhancing representation and voice of
developing countries in decision-making in global international economic and financial
institutions in order to deliver more effective, credible, accountable and legitimate
institutions. The international finance system must deliver significantly more financing
to help developing countries and EMEs to fight poverty, tackle global challenges and
maximise development impact.

19

Zero Draft

49. We remain committed to pursuing ambitious efforts to evolve and strengthen MDBs to
address the global challenges of the 21st century with a continued focus on addressing
the development needs of low- and middle-income countries.
50. We endorse the G20 Roadmap for Implementing the Recommendations of the G20
Independent Review of MDBs Capital Adequacy Frameworks (CAFs) and call for its
ambitious implementation, within MDBs’ own governance frameworks while
safeguarding their long-term financial sustainability, robust credit ratings and preferred
creditor status. We also call for a regular review of the progress of implementation on
a rolling basis including through engaging with MDBs, subject experts and
shareholders. We commend the MDBs for their progress in implementing the CAF
recommendations, especially with respect to adapting definitions of risk appetite and
financial innovation. We appreciate the ongoing collaboration among MDBs on the
timely release of Global Emerging Markets (GEMs) data and the launch of GEMs 2.0
as a stand-alone entity by early 2024. Going forward, we also encourage MDBs to
collaborate in areas such as hybrid capital, callable capital, and guarantees. We
appreciate the enhanced dialogue between the MDBs, Credit Rating Agencies and
shareholders and encourage continued transparency in the exchange of information
and rating methodologies. We take note that initial CAF measures, including those
under implementation and consideration, could potentially yield additional lending
headroom of approximately USD 200 billion over the next decade, as estimated in the
G20 CAF Roadmap. While these are encouraging first steps, we will need to give an
additional push for continued and further impetus on CAF implementation.
51. Furthermore, we call on the MDBs to undertake comprehensive efforts to evolve their
vision, incentive structures, operational approaches and financial capacities so that
they are better equipped to maximize their impact in addressing a wide range of global
challenges while being consistent with their mandate and commitment to accelerate
progress towards Sustainable Development Goals (SDGs). We welcome the World
Bank’s progress on their Evolution Roadmap and look forward to further steps by the
IMF/WBG Annual Meetings in Marrakesh and beyond. Recognising the urgent need to
strengthen and evolve the MDB ecosystem for the 21st century, we appreciate the
efforts of the G20 Independent Expert Group on Strengthening MDBs in preparing
Volume 1 of the Report and look forward to its examination in conjunction with Volume
2 expected in October 2023. We take note of Volume 1’s recommendations and the
MDBs may choose to discuss these recommendations as relevant and appropriate,
within their governance frameworks, in due course, with a view to enhancing the
effectiveness of MDBs. We support the upcoming G20 High-Level Seminar, on the
sidelines of the Fourth G20 FMCBG in October 2023 on strengthening the financial
capacity of MDBs. Scaling up investment to meet development needs and global
challenges requires a big push on investments and, in this context, we ask the IMF and
the World Bank, in coordination with other relevant international institutions, to support
efforts at enhancing domestic resource mobilisation in EMDEs. We call on the MDBs
to also leverage private capital through innovative financing models and new
partnerships to maximise their development impact. Recognizing other multilateral
efforts, we take note of the Summit for a New Global Financing Pact.
52. Recognizing the imperative of achieving the SDGs, we will collectively mobilize more

20

Zero Draft

headroom and concessional finance to boost the World Bank’s capacity to support low
and middle-income countries that need help in addressing global challenges, with a
clear framework for the allocation of scarce concessional resources, and to provide
strong support for the poorest countries. Therefore, we are exploring options that will
deliver a powerful boost to IBRD headroom, reduce the cost of investments addressing
global challenges, and increase the capacity of the IDA crisis response window. We
also look forward to an ambitious IDA21 replenishment to increase IDA financing
capacity. We acknowledge the concluding report on the 2020 Shareholding Review of
the International Bank for Reconstruction and Development (IBRD) and look forward to
the 2025 Shareholding Review.
53. We reiterate our commitment to a strong, quota-based, and adequately resourced IMF
at the centre of the global financial safety net. We remain committed to revisiting the
adequacy of quotas and will continue the process of IMF governance reform under the
16th General Review of Quotas (GRQ), including a new quota formula as a guide, and
ensure the primary role of quotas in IMF resources, to be concluded by December 15,
2023. In this context, we support at least maintaining the IMF’s current resource
envelope. We welcome the landmark achievement of the global ambition of USD 100
billion of voluntary contributions (in SDRs or equivalent) and USD 2.6 billion of grants
in pledges for countries most in need and call for the swift delivery of pending pledges.
We welcome the progress achieved under the Resilience and Sustainability Trust
(RST) and Poverty Reduction and Growth Trust (PRGT). We call for further voluntary
subsidy and loan pledges to the PRGT and will continue to monitor the effectiveness of
RST supported programs. We look forward to the preliminary analysis by the IMF of the
range of options to put the PRGT on a sustainable footing with a view to meeting the
growing needs of low-income countries in the coming years. The G20 reiterates its
continued support to Africa, including through the G20 Compact with Africa. We look
forward to further progress on the exploration of viable options for voluntary channelling
of SDRs through MDBs, while respecting relevant legal frameworks and the need to
preserve the reserve asset character and status of SDR. We look forward to review of
precautionary arrangements and take note of the discussions held on the IMF
surcharge policy.
Managing Global Debt Vulnerabilities
54. We re-emphasise the importance of addressing debt vulnerabilities in low and middleincome countries in an effective, comprehensive and systematic manner. We continue
to stand by all the commitments made in the Common Framework for Debt Treatments
beyond the DSSI, including those in the second and final paragraphs, as agreed on
November 13, 2020, and step up the implementation of the Common Framework in a
predictable, timely, orderly and coordinated manner. To this end, we call for continued
discussion on policy-related issues linked to the implementation of the Common
Framework for making appropriate recommendations. We welcome the recent
agreement between the Government of Zambia and the official creditor committee on
debt treatment and look forward to a swift resolution. We welcome the formation of the
official creditor committee for Ghana and look forward to an agreement on a debt
treatment as soon as possible. We also call for a swift conclusion of the debt treatment
for Ethiopia. Beyond the Common Framework, we welcome all efforts for timely
resolution of the debt situation of Sri Lanka, including the formation of the official

21

Zero Draft

creditor committee, and we call for the resolution as soon as possible. We encourage
the efforts of the Global Sovereign Debt Roundtable (GSDR) participants to strengthen
communication and foster a common understanding among key stakeholders, both
within and outside the Common Framework, for facilitating effective debt treatments.
We welcome joint efforts by all stakeholders, including private creditors, to continue
working towards enhancing debt transparency. We note the results of the voluntary
stocktaking exercise of data sharing with International Financial Institutions. We
welcome the efforts of private sector lenders who have already contributed data to the
joint Institute of International Finance (IIF)/OECD Data Repository Portal and continue
to encourage others to also contribute on a voluntary basis.

E. Technological Transformation and Digital Public Infrastructure
55. Technology can enable rapid transformations for bridging the existing digital divides
and accelerate progress for inclusive and sustainable development. Digital public
infrastructure (DPI), as an evolving concept and as a set of shared digital systems, built
and leveraged by both the public and private sectors, based on secure and resilient
infrastructure, and can be built on open standards and specifications, as well as
opensource software can enable delivery of services at societal-scale. In our voluntary
efforts to make digital public infrastructure interoperable, we recognize the importance
of data free flow with trust and cross-border data flows while respecting applicable legal
frameworks. We also reaffirm the role of Data for Development.
Building Digital Public Infrastructure
56. We recognize that safe, secure, trusted, accountable and inclusive digital public
infrastructure, respectful of human rights, personal data, privacy and intellectual
property rights can foster resilience, and enable service delivery and innovation. To this
end, we:
i.

Welcome the G20 Framework for Systems of Digital Public Infrastructure, a
voluntary and suggested framework for the development, deployment and
governance of DPI.

ii.

Welcome India’s plan to build and maintain a Global Digital Public Infrastructure
Repository (GDPIR), a virtual repository of DPI, voluntarily shared by G20 members
and beyond.

iii.

Take note of the Indian Presidency’s proposal of the One Future Alliance (OFA), a
voluntary initiative aimed to build capacity, and provide technical assistance and
adequate funding support for implementing DPI in LMICs.

Building Safety, Security, Resilience and Trust in the Digital Economy
57. An enabling, inclusive, open, fair, non-discriminatory and secure digital economy is
increasingly important for all countries and stakeholders while respecting applicable
legal frameworks. We will share our approaches and good practices to build a safe,
secure and resilient digital economy. To this extent, we:

22

Zero Draft

i.

Welcome the non-binding G20 High-level Principles to Support Businesses in
Building Safety, Security, Resilience, and Trust in the Digital Economy.

ii.

Welcome the G20 Toolkit on Cyber Education and Cyber Awareness of Children
and Youth.

Crypto-assets: Policy and Regulation
58. We continue to closely monitor the risks of the fast-paced developments in the cryptoasset ecosystem. We endorse the Financial Stability Board’s (FSB’s) high-level
recommendations for the regulation, supervision and oversight of crypto-assets
activities and markets and of global stablecoin arrangements. We ask the FSB and
SSBs to promote the effective and timely implementation of these recommendations in
a consistent manner globally to avoid regulatory arbitrage. We welcome the shared
FSB and SSBs workplan for crypto assets. We welcome the IMF-FSB Synthesis Paper,
including a Roadmap, that will support a coordinated and comprehensive policy and
regulatory framework taking into account the full range of risks and risks specific to the
emerging market and developing economies (EMDEs) and ongoing global
implementation of FATF standards to address money laundering and terrorism
financing risks. Our Finance Ministers and Central Bank Governors will discuss taking
forward the Roadmap at their meeting in October 2023. We also welcome the BIS
Report on The Crypto Ecosystem: Key Elements and Risks.
Central Bank Digital Currency
59. We welcome discussions on the potential macro-financial implications arising from the
introduction and adoption of Central Bank Digital Currencies (CBDCs), notably on
cross-border payments as well as on the international monetary and financial system.
We welcome the BIS Innovation Hub (BISIH) Report on Lessons Learnt on CBDCs and
look forward to the IMF Report on Potential macro-financial implications of widespread
adoption of CBDCs to advance the discussion on this issue.
Fostering Digital Ecosystems
60. We resolve to deploy all available digital tools and technologies and spare no effort in
fostering safe and resilient digital ecosystems, and ensuring that every citizen on our
planet is financially included. To support this, we:
i.

Commit to promote responsible, sustainable and inclusive use of digital technology
by farmers and an ecosystem of Agri-Tech start-ups and MSMEs.

ii.

Welcome the establishment of the Global Initiative on Digital Health (GIDH) within
a WHO-managed framework to build a comprehensive digital health ecosystem in
compliance with respective data protection regulations.

iii.

Will leverage digital technologies for the protection and promotion of culture and
cultural heritage and adopt digital frameworks for the development of cultural and
creative sectors and industries.

23

Zero Draft

Harnessing Artificial Intelligence (AI) Responsibly for Good and for All
61. The rapid progress of AI promises prosperity and expansion of the global digital
economy. It is our endeavour to leverage AI for the public good by solving challenges
in a responsible, inclusive and human-centric manner, while protecting people’s rights
and safety. To ensure responsible AI development, deployment and use, the protection
of human rights, transparency and explainability, fairness, accountability, regulation,
safety, appropriate human oversight, ethics, biases, privacy, and data protection must
be addressed. To unlock the full potential of AI, equitably share its benefits and mitigate
risks, we will work together to promote international cooperation and further discussions
on international governance for AI. To this end, we:
i.

Reaffirm our commitment to G20 AI Principles (2019) and endeavour to share
information on approaches to using AI to support solutions in the digital economy.

ii.

Will pursue a pro-innovation regulatory/governance approach that maximizes the
benefits and takes into account the risks associated with the use of AI.

iii.

Will promote responsible AI for achieving SDGs.

F. International Taxation
62. We reaffirm our commitment to continue cooperation towards a globally fair,
sustainable and modern international tax system appropriate to the needs of the 21st
century. We remain committed to the swift implementation of the two-pillar international
tax package. Significant progress has been made on Pillar One including the delivery
of a text of a Multilateral Convention (MLC), and work on Amount B (framework for
simplified and streamlined application of the arm’s length principle to in-country
baseline marketing and distribution activities) as well as the completion of the work on
the development of the Subject to Tax Rule (STTR) under Pillar Two. We call on the
Inclusive Framework to resolve swiftly the few pending issues relating to the MLC with
a view to preparing the MLC for signature in the second half of 2023 and completing
the work on Amount B by the end of 2023. We welcome the steps taken by various
countries to implement the Global Anti-Base Erosion (GloBE) Rules as a common
approach. We recognise the need for coordinated efforts towards capacity building to
implement the two-pillar international tax package effectively and, in particular,
welcome a plan for additional support and technical assistance for developing
countries. We note the 2023 update of the G20/OECD Roadmap on Developing
Countries and International Taxation. We call for the swift implementation of the CryptoAsset Reporting Framework (“CARF”) and amendments to the CRS. We ask the Global
Forum on Transparency and Exchange of Information for Tax Purposes (“Global
Forum”) to identify an appropriate and coordinated timeline to commence exchanges
by relevant jurisdictions, noting the aspiration of a significant number of these
jurisdictions to start CARF exchanges by 2027 and to report to our future meetings on
the progress of its work. We note the OECD Report on Enhancing International Tax
Transparency on Real Estate and the Global Forum Report on Facilitating the Use of
Tax-Treaty-Exchanged Information for Non-Tax Purposes.

24

Zero Draft

G. Gender Equality and Empowering All Women and Girls
63. The G20 reaffirms that gender equality is of fundamental importance, and that investing
in the empowerment of all women and girls, has a multiplier effect in implementing the
2030 Agenda.
Enhancing Economic and Social Empowerment
64. We encourage women-led development and remain committed to enhancing women’s
full, equal, effective, and meaningful participation as decision makers for addressing
global challenges inclusively and in contributing as active participants in all spheres of
society, across all sectors and at all levels of the economy, which is not only crucial for
achieving gender equality, but also for contributing to global GDP growth. To this end,
we:
i.

Reaffirm our commitment to achieving the Brisbane Goal to reduce the gap in labour
force participation and implementing the G20 Roadmap Towards and Beyond the
Brisbane Goal ‘25 by 25’ and ask the ILO and OECD to report progress annually.

ii.

Ensure equal access to affordable, inclusive, equitable, safe and quality education
from early childhood through higher education to lifelong learning and support the
greater enrolment, participation and leadership of all women and girls, including
those with disabilities, in STEM fields and in emerging digital technologies.

iii.

Take steps to promote the full and meaningful participation of women in a
transitioning world of work by enabling inclusive access to employment
opportunities, with a focus on closing the gender pay gap and ensuring women’s
equal access to decent work and quality jobs.

iv.

Promote investment in the availability and accessibility of social protection, and to
affordable care infrastructure to address the unequal distribution in paid and unpaid
care and domestic work and to promote the continued participation of women in
education and employment.

v.

Commit to eliminate gender-based violence including sexual violence, harassment,
discrimination and abuse against women and girls both online and offline, and
ensure safe workplaces in this regard.

vi.

Promote women’s inclusion into the formal financial system by strengthening their
access to economic resources, particularly through digital finance and microfinance.

vii.

Eliminate gender stereotypes and biases, and change norms, attitudes and
behaviours that perpetuate gender inequality.

Bridging the Gender Digital Divide
65. We commit to halve the digital gender gap by 2030. To this end, we will:
i.

Address gender norms and barriers to accessibility, affordability, adoption, and
usage of digital technologies.

25

Zero Draft

ii.

Promote regulatory policy frameworks that enable all women and girls to actively
participate in the formulation and implementation of national digital strategies,
including enhancing digital literacy and skills.

iii.

Identify and eliminate all potential risks that women and girls encounter from
increased digitalization, including all forms of online and offline abuse, by
encouraging the adoption of safety-by-design approaches in digital tools and
technologies.

iv.

Promote and implement gender-responsive policies to create an enabling, inclusive,
and non-discriminatory digital economy for women-led and -owned businesses,
including MSMEs.

v.

Encourage and support initiatives by identifying, funding, and accelerating proven
solutions, thereby improving women’s livelihoods and income security.

vi.

Welcome initiatives to support women empowerment in the digital economy.

Driving Gender Inclusive Climate Action
66. Acknowledging the disproportionate impact of climate change, biodiversity loss,
desertification and pollution on all women and girls, accelerating climate action must
have gender equality at its core. To this end, we will:
i.

Support and increase women’s participation, partnership, decision-making and
leadership in climate change mitigation and adaptation, and disaster risk reduction
strategies and policy frameworks on environmental issues.

ii.

Support gender-responsive and environment-resilient solutions, including water,
sanitation and hygiene (WASH) solutions, to build resilience to the impact of climate
change and environmental degradation.

Securing Women’s Food Security, Nutrition, and Well-Being
67. Women’s food security and nutrition is the cornerstone of individual and community
development as it lays the foundation for women’s health, as well as that of her children,
family and general well-being of the community. To this end, we will:
i.

Encourage investments in inclusive, sustainable and resilient agriculture and food
systems. Support accessible, affordable, safe and nutritious food and healthy diets
in school meal programmes. Promote innovation for inclusive agri-value chains
and systems by and for women farmers.

ii.

Support gender-responsive and age-sensitive nutrition and food system
interventions by leveraging innovative financing instruments and social protection
systems in ending hunger and malnutrition.

26

Zero Draft

Creation of a Working Group on the Empowerment of Women
68. We agree to create a new Working Group on Empowerment of Women to support the
G20 Women’s Ministerial and look forward to the convening of its first meeting during
the Brazilian G20 Presidency.

H. Financial Sector Issues
69. We continue to strongly support the work of the FSB and SSBs to address
vulnerabilities and enhance the resilience of non-bank financial intermediation (NBFI)
from a systemic perspective while monitoring evolving developments in NBFI. We
welcome the FSB’s consultation report on revisions to the FSB 2017 recommendations
on addressing liquidity mismatch in open-ended funds and the FSB report on the
financial stability implications of leverage in NBFI, and we support work to promote
implementation of the FSB money market fund proposals. We welcome the FSB’s
recommendations to achieve greater convergence in cyber incident reporting, updates
to the Cyber Lexicon and Concept Note for a Format for Incident Reporting Exchange
(FIRE). We look forward to the FSB’s further work on FIRE and ask the FSB to develop
an action plan with appropriate timelines. We welcome the FSB’s consultation Report
on Enhancing Third-party Risk Management and Oversight. We expect the toolkit to
support efforts in enhancing the operational resilience of financial institutions,
addressing the challenges arising from their growing reliance on critical third-party
service providers, including BigTechs and FinTechs, as well as reducing fragmentation
in regulatory and supervisory approaches across jurisdictions and in different areas of
the financial services sector.
70. We reaffirm our commitment to the effective implementation of the prioritised actions
for the next phase of the G20 Roadmap for Enhancing Cross-border Payments to
achieve global targets for faster, cheaper, more transparent and inclusive cross-border
payments by 2027 and welcome the initiatives undertaken by SSBs and international
organisations in this direction. We welcome the successful conclusion of the G20
TechSprint 2023, a joint initiative with the BIS Innovation Hub, which will promote
innovative solutions aimed at improving cross-border payments.
71. We welcome the annual progress report on the FSB’s Roadmap for Addressing
Financial Risks from Climate Change. We endorse the revised G20/OECD Principles
of Corporate Governance with the aim to strengthen policy and regulatory frameworks
for corporate governance that support sustainability and access to finance from capital
markets, which in turn can contribute to the resilience of the broader economy. We
reiterate our commitment to promote sustainable capital flows. To this effect, we take
note of the OECD’s Report, “Towards Orderly Green Transition – Investment
Requirements and Managing Risks to Capital Flows”.

I. Countering Terrorism and Money laundering
72. We condemn terrorism in all its forms and manifestations, including those on the basis
of xenophobia, racism and other forms of intolerance, or in the name of religion or belief,
recognizing the commitment of all religions to peace. It constitutes one of the most
serious threats to international peace and security.

27

Zero Draft

73. We strongly condemn all terrorist acts against critical infrastructure, including critical
energy facilities, and against other vulnerable targets. All acts of terrorism are criminal
and unjustifiable, regardless of their motivation, wherever, whenever and by
whomsoever committed. Effective counterterrorism measures, support for the victims
of terrorism and the protection of human rights are not conflicting goals, but
complementary and mutually reinforcing. A holistic approach on the basis of
international law can effectively counter terrorism. Efforts to increase the effectiveness
of international cooperation should be strengthened to deny terrorist groups safe haven,
freedom of operations, movement and recruitment, as well as financial, material or
political support.
74. We also express concern about illicit trafficking and diversion of small arms and light
weapons. International cooperation among States is critical to combat these
phenomena, including export, import controls, and tracing.
75. We commit to supporting the increasing resource needs of the Financial Action Task
Force (FATF) and FATF Style Regional Bodies and encourage others to do the same,
including for the next round of mutual evaluations. We remain committed to the timely
and global implementation of the revised FATF Standards on the transparency of
beneficial ownership of legal persons and legal arrangements to make it more difficult
for criminals to hide and launder ill-gotten gains. We welcome the ongoing work of the
FATF to enhance global efforts to recover criminal proceeds, in particular, the progress
made by the FATF towards revising its standards on asset recovery and reinforcing
global asset recovery networks. We reiterate the importance of countries developing
and implementing effective regulatory and supervisory frameworks to mitigate risks
associated with virtual assets in line with FATF Standards, especially for terrorism
financing, money laundering, and proliferation financing risks. In this regard, we support
the FATF's initiative to accelerate the global implementation of its standards, including
the “travel rule”, and its work on risks of emerging technologies and innovations,
including decentralised finance (DeFi) arrangements and peer-to-peer transactions.

J. Creating a More Inclusive World
76. We welcome the African Union as a permanent member of the G20 and strongly believe
that inclusion of the African Union into the G20 will significantly contribute to addressing
the global challenges of our time. We commend the efforts of all G20 members which
paved the way for accession of the African Union as a permanent member during
India’s Presidency of the G20. Africa plays an important role in the global economy. We
commit to strengthen our ties with and support the African Union realise the aspirations
under Agenda 2063. We also reiterate strong support to Africa, including through the
G20 Compact with Africa and G20 Initiative on supporting industrialization in Africa and
LDCs. We are supportive of further discussing the deepening of cooperation between
the G20 and other regional partners.
77. We reaffirm our commitment to support migrants, including migrant workers and
refugees in our efforts towards a more inclusive world, in line with national policies,
legislations and circumstances, ensuring full respect for the human rights and their
fundamental freedoms regardless of their migration status. We also recognize the
importance of preventing irregular migration flows and the smuggling of migrants, as

28

Zero Draft

part of a comprehensive approach for safe, orderly and regular migration while
responding to humanitarian needs and the root causes of displacement. We support
strengthening cooperation between countries of origin, transit and destination. We will
continue the dialogue on migration and forced displacement during future Presidencies.
78. We note the UNGA Resolution A/RES/77/318, particularly its commitment to promote
respect for religious and cultural diversity, dialogue and tolerance. We also emphasize
that freedom of religion or belief, freedom of opinion or expression, the right to peaceful
assembly, and the right to freedom of association are interdependent, inter-related and
mutually reinforcing and stress the role that these rights can play in the fight against all
forms of intolerance and discrimination based on religion or belief. In this regard, we
strongly deplore all acts of religious hatred against persons, as well as those of a
symbolic nature without prejudice to domestic legal frameworks, including against
religious symbols and holy books.
79. We will continue to integrate the perspectives of the developing countries into the G20
agendas and appreciate the G20 members’ initiatives in this regard.

Conclusion
80. We thank India for successfully hosting the 18th G20 Summit in New Delhi, for its warm
welcome to delegates, and for its valuable contributions to the strengthening of the G20.
We appreciate the successful conclusion of various G20 Working Groups and
Ministerial meetings and welcome their outcomes as annexed. We also congratulate
India on the successful landing on the moon on 23 August 2023.
81. We reiterate our commitment to the G20 as the premier forum for global economic
cooperation and its continued operation in the spirit of multilateralism, on the basis of
consensus, with all members participating on an equal footing in all its events including
Summits. We look forward to meeting again in Brazil in 2024 and in South Africa in
2025, as well as in the United States in 2026 at the beginning of the next cycle. We
welcome Saudi Arabia’s ambition to advance its turn for hosting the G20 Presidency in
the next cycle. We also look forward to the Paris Olympic and Paralympic Games in
2024 as a symbol of peace, dialogue amongst nations and inclusivity, with participation
of all.
82. We thank international organizations for their participation and support. We thank the
Engagement Groups of B20, S20, SAI20, Startup20, T20, U20, W20, Y20, C20, P20
and L20 and the Initiatives, namely, EMPOWER, Research Initiative, Space Economy
Leaders Meeting (SELM), Chief Science Advisers’ Roundtable (CSAR) and the G20
Cybersecurity Conference for their valuable recommendations.
83. Recalling our collective actions to stem earlier global crises, we are determined to steer
the world out of its current challenges and build a safer, stronger, more resilient,
inclusive and healthier future for our people and the planet.

29

Zero Draft

List of Documents Annexed to the G20 New Delhi Leaders’ Declaration, 2023
Ministerial Meetings and Working Group Documents:
1. G20 Agriculture Ministers’ Meeting Outcome Document and Chair’s Summary (16-17
June 2023, Hyderabad)
i. G20 Deccan High Level Principles on Food Security and Nutrition 2023
ii. Stocktaking of G20 Initiatives in Agriculture - Presidency’s Summary Statement
2. G20 Anti-Corruption Ministers’ Meeting Outcome Document and Chair’s Summary (12
August 2023, Kolkata)
i. G20 High-Level Principles on Strengthening Law Enforcement related International
Cooperation and Information Sharing for Combatting Corruption
ii. G20 High-Level Principles on Strengthening Asset Recovery Mechanisms for
Combatting Corruption
iii. G20 High-Level Principles on Promoting Integrity and Effectiveness of Public Bodies
and Authorities Responsible for Preventing and Combatting Corruption
iv. Accountability Report 2023 on Mutual Legal Assistance (MLA)
v. Compendium of Good Practices in Enhancing the Role of Auditing in Tackling
Corruption
3. G20 Culture Ministers’ Meeting Outcome Document and Chair’s Summary - Kashi
Culture Pathway (26 August 2023, Varanasi)
i. G20 Culture Working Group Terms of Reference
4. G20 Development Ministers’ Meeting Outcome Document and Chair’s Summary (12
June 2023, Varanasi)
5. G20 2023 Action Plan on Accelerating Progress on the SDGs (12 June 2023, Varanasi)
i. G20 High Level Principles on Harnessing Data for Development (D4D) to Accelerate
Progress on the SDGs
ii. Implementing Sustainable, Inclusive and Just Transitions Globally, while leaving no
one behind
iii. G20 Action Plan on Sustainable Development through Gender Equality on
Sustainable Development through Gender Equality and Empowerment of Women
6. G20 High Level Principles on Lifestyles for Sustainable Development (12 June 2023,
Varanasi)
7. G20 Digital Economy Ministers’ Meeting Outcome Document and Chair’s Summary (19
August 2023, Bengaluru)
i. G20 Framework for systems of Digital Public Infrastructure
ii. G20 High Level Principles to Support Business in Building Safety, Security,
Resilience, and Trust in the Digital Economy
iii. G20 Toolkit on Cyber Education and Cyber Awareness of Children and Youth
iv. G20 Toolkit for Designing and Introducing Digital Upskilling and Reskilling Programs
v. G20 Roadmap to Facilitate the Cross-Country Comparison of Digital Skills
8. G20 Disaster Risk Reduction Working Group Meeting Outcome Document and Chair’s
Summary (24- 25 July 2023, Chennai)

30

Zero Draft

9. G20 Environment & Climate Ministers’ Meeting Outcome Document and Chair’s
Summary (28 July 2023, Chennai)
i. Chennai High Level Principles for a Sustainable and Resilient Blue/Ocean-Based
Economy
ii. Presidency’s Gandhinagar Implementation Roadmap (GIR) And Gandhinagar
Information Platform (GIP) For strengthening the G20 Global Land Initiative.
iii. Compendium of Best Practices on Restoration of Mining Affected Areas.
iv. Compendium of Best Practices on Restoration of Forest Fire Affected Areas
v. Best Practices for Water Management
vi. Technical Study on Accelerating the Transition to a Sustainable and Resilient Blue
Economy
vii. G20 Report on Actions Against Marine Plastic Litter – Fifth Information Sharing
Based on G20 Implementation Framework
viii. Knowledge Exchange on Circular Economy in Steel Sector
ix. Knowledge Exchange on Extended Producer Responsibility for Circular Economy
x. Knowledge Exchange on Circular Bioeconomy
xi. Resource Efficiency and Circular Economy Industry Coalition (RECEIC)
10. G20 Education Ministers’ Meeting Outcome Document and Chair’s Summary (22 June
2023, Pune)
i.
G20 EdWG Report: Education Policies and Programmes in G20 Countries
ii.
G20 EdWG Compendium: Education Policies and Programmes in G20 Countries
11. G20 Energy Transitions Ministers’ Meeting Outcome Document and Chair’s Summary
(22 July 2023, Goa)
i. G20 High-Level Voluntary Principles on Hydrogen
ii. Voluntary High-Level Principles for Collaboration on Critical Minerals for Energy
Transitions
iii. Voluntary Action Plan on Doubling the Global Rate of Energy Efficiency
Improvement by 2030
iv. Voluntary Action Plan for Lowering the Cost of Finance for Energy Transitions
v. Voluntary Action Plan for Promoting Renewable Energy to Accelerate Universal
Energy Access.
12. G20 Foreign Ministers’ Meeting Chair’s Summary and Outcome Document (1-2 March
2023, New Delhi)
13. First G20 Finance Ministers and Central Bank Governors Meeting Chair’s Summary and
Outcome Document (24 - 25 February 2023, Bengaluru)
i. IMF G20 Note on the Macro financial Implications of Crypto Assets
ii. FSB Chair's Letter to G20 Finance Ministers and Central Bank Governors, February
2023.
iii. FSB Report on the Financial Stability Risks of Decentralised Finance
iv. FSB Report on the Financial Stability Aspects of Commodities Markets
v. FSB report: G20 Roadmap for Enhancing Cross-border Payments - Priority actions
for achieving the G20 targets
vi. OECD Secretary-General's Tax Letter to G20 Finance Ministers and Central Bank
Governors, February 2023.

31

Zero Draft

vii.

OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank
Governors

14. Third G20 Finance Ministers and Central Bank Governors Meeting Outcome Document
and Chair’s Summary (17-18 July 2023, Gandhinagar)
i. G20 Report on Macroeconomic Impacts of Food and Energy Insecurity and their
implications for the global economy
ii. G20 Report on Macroeconomic risks stemming from climate change and transition
pathways
iii. G20 Roadmap for implementing the recommendations of the G20 Independent
Review of MDBs Capital Adequacy Frameworks (CAFs)
iv. Volume 1 of the G20 Expert Group on Strengthening MDBs
v. IMF Report on potential macro-financial implications of widespread adoption of
CBDCs
vi. BIS Innovation Hub (BISIH) Report on “Lessons learnt on CBDCs”
vii. OECD’s report on “Towards Orderly Green Transition – Investment Requirements
and Managing Risks to Capital Flows
viii. G20 note on the total global ambition of USD 100bn of voluntary contributions for
countries most in need
ix. G20 Principles for Financing Cities of Tomorrow: inclusive, resilient and sustainable
x. G20/OECD Report on Financing Cities of Tomorrow
xi. G20/ADB Framework on Capacity Building of Urban Administration
xii. G20 Sustainable Finance Working Group Deliverables, 2023
xiii. Framework on Economic Vulnerabilities and Risks (FEVR) and the initial Report for
economic vulnerabilities and risks arising from pandemics
xiv. Report on Best Practices from Finance Health Institutional Arrangements during
Covid-19
xv. Report on Mapping Pandemic Response Financing Options and Gaps developed
by the WHO and World Bank
xvi. G20/OECD Roadmap on Developing Countries and International Taxation Update
2023
xvii. OECD Report on ‘Enhancing International Tax Transparency on Real Estate’
xviii. Global Forum Report on ‘Facilitating the Use of Tax-Treaty-Exchanged Information
for Non-Tax Purposes’
xix. Global Forum Update on the implementation of the 2021 Strategy on Unleashing
the Potential of Automatic Exchange of Information for Developing Countries
xx. FSB Chair's Letters to G20 Finance Ministers and Central Bank Governors, April
and July 2023
xxi. FSB’s global regulatory framework for crypto-asset activities: Umbrella public note
to accompany final framework
xxii. FSB’s high-level recommendations for the regulation, supervision, and oversight of
crypto-asset activities and markets
xxiii. FSB’s high-level recommendations for the regulation, supervision, and oversight of
global stablecoin arrangements
xxiv. BIS Report on “The crypto ecosystem: key elements and risks”
xxv. FSB Consultation Report on addressing liquidity mismatch in open-ended fundsRevisions to the FSB 2017 policy recommendations
xxvi. FSB Consultative document on Enhancing Third-Party Risk Management and
Oversight: A toolkit for financial institutions and financial authorities

32

Zero Draft

xxvii.
xxviii.
xxix.
xxx.
xxxi.
xxxii.
xxxiii.
xxxiv.
xxxv.
xxxvi.
xxxvii.
xxxviii.
xxxix.
xl.
xli.
xlii.
xliii.

FSB Roadmap for Addressing Financial Risks from Climate Change: 2023 Progress
Report
FSB Recommendations to Achieve Greater Convergence in Cyber Incident
Reporting: Final Report
FSB Concept Note on Format for Incident Reporting Exchange (FIRE) - A possible
way forward
Revised G20/OECD Principles of Corporate Governance
IMF-FSB Synthesis Paper: Policies for Crypto-Assets
FSB progress report on enhancing the resilience of NBFI
FSB report on the financial stability implications of leverage in NBFI
G20 Policy Recommendations for Advancing Financial Inclusion and Productivity
Gains through Digital Public Infrastructure
2023 Update to Leaders on Progress towards the G20 Remittance Target
Regulatory Toolkit for Enhanced Digital Financial Inclusion of Micro, Small and
Medium Enterprises (MSMEs)
G20 2023 Financial Inclusion Action Plan
2023 Updated GPFI Terms of Reference
2023 GPFI Progress Report to G20 Leaders
G20 Financial Inclusion Action Plan Progress Report 2021-23
FATF Report- Countering Ransomware Financing Report (March 2023)
Targeted Update on the Implementation of the FATF Standards for Virtual Assets
(June 2023)
FATF Report on Guidance on Beneficial Ownership Transparency for Legal Persons
(March 2023)

15. G20 Health Ministers’ Meeting Outcome Document and Chair’s Summary (18-19 August
2023, Gandhinagar)
16. G20 Labour & Employment Ministers’ Outcome Document and Chair’s Summary (21
July 2023, Indore)
i. List of reports prepared by International Organizations
17. G20 Policy Priorities on Strategies to Address Skill Gaps Globally (21 July 2023, Indore)
18. G20 Policy Priorities on Adequate and Sustainable Social Protection and Decent Work
for Gig and Platform Workers (21 July 2023, Indore)
19. G20 Policy Options for Sustainable Financing of Social Protection (21 July 2023, Indore)
20. G20 Meeting of Agricultural Chief Scientists (MACS) Chair’s Summary and Outcome
Document (17-19 April 2023, Varanasi)
i. G20 Millet and other Ancient Grains International Research Initiative (MAHARISHI)
21. G20 Tourism Ministers’ Meeting Outcome Document and Chairs’ Summary (21 June
2023, Goa)
i. G20 Goa Roadmap for Tourism as a Vehicle for Achieving the Sustainable
Development Goals
22. G20 Trade & Investment Ministers’ Meeting Outcome Document and Chairs’ Summary
(25 August 2023, Jaipur)

33

Zero Draft

i.
ii.
iii.

G20 Generic Framework for Mapping GVCs
Jaipur Call for Action for enhancing MSMEs’ Access to Information
High Level Principles on Digitalization of Trade Documents

23. G20 Ministerial Conference on Women Empowerment - Chair’s Statement (2-4 August
2023, Gandhinagar)
24. G20 Chief Science Advisers Round Table – Outcome Document and Chairs’ Summary
(28 August 2023, Gandhinagar)
25. G20 Research Ministerial Meeting - Outcome Document and Chairs’ Summary (5 July
2023, Mumbai)

34