With the tectonic shifts in global power dominating the G20 Summit, it’s alarming that the meetings’ communique has far reaching substance that aims to combat injustice and maintains a commitment to sustainability and inclusive growth.
The affluent world leaders in Buenos Aires discussed how they would use their influence and power to push an altruistic agenda. The glaring irony was that none of the people meant to be lifted from the margins were invited to the meeting.
Developing nations most negatively affected by the fluctuations of the global economy were still not privy to plotting their own course in global multilateralism. That privilege was left to the larger economies - responsible for inequality.
The inconspicuous aspect of this annual assembly is the emphasis on global financial safety by a transformed, “Well, hopefully someday”, IMF. It is the very same IMF that keeps poor countries in debt and then implements structural adjustment programmes that keep them dependent. The EU even has a permanent chair to indicate whose interests are being focused on in the affairs of the G20.