Bali: The leaders of the Group of 20 (G20) reaffirmed on Wednesday their commitment to cooperation to address serious global economic challenges.
In a declaration adopted at the end of the 17th G20 Summit, the G20 leaders said that collectively they carry responsibilities, and their cooperation is necessary for global economic recovery, tackling global challenges and laying the foundation for strong, sustainable, balanced, and inclusive growth.
It is essential to uphold international law and the multilateral system that safeguards peace and stability, they said, stressing that peaceful resolution of conflicts, efforts to address crises as well as diplomacy and dialogue are vital.
The G20 leaders said they are committed to supporting developing countries, particularly the least developed and small island developing states, in responding to the global challenges and achieving the Sustainable Development Goals.
The leaders said they would coordinate to achieve a robust, inclusive and resilient global recovery and sustainable development that delivers jobs and growth.
They reaffirmed their steadfast commitments to tackling climate change by strengthening 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.
The G20 leaders acknowledged the urgent need to strengthen policies and mobilize financing to address climate change, biodiversity loss, and environmental degradation including significantly increasing support for developing countries.
–The Daily Mail-CGTN news exchange item
