(Finance) – Few results, but steady: the final declaration of G20 in Rio de Janeiro it is the classic glass half full or half empty, depending on the point of view from which you look at it, as is customary on these occasions. Some results has been achieved: from the pledge against the fight against hunger and povertyà, alla taxation of the super richi, without leaving out commitment to the climate and the environment.
The commitment to fighting poverty and inequalities is a victory. “We remain resolute in our commitment to fight hunger, poverty and inequality – reads the statement – to promote sustainable development in its economic, social and environmental dimensions and to reform global governance“, states the G20 declaration in the final considerations, after mentioning food security, the fight against inequalities and corruption, the right to work, and fair taxation.
“With full respect for fiscal sovereignty, we will seek to engage in a cooperative manner to ensure that the ultra-high net worth individuals are taxed effectively”, reads the declaration of the leaders of the G20 in Rio de Janeiro. “Cooperation – it is explained – could include the exchange of good practices, the encouragement of debates on tax principles and the development of anti-avoidance mechanisms, including the fight against potentially harmful tax practices” with the hope “of continuing to discuss these issues in the G20 and other relevant forums.”
The conclusions regarding the ongoing conflicts are more uncertain: “We welcome all relevant and constructive initiatives that support a global, just and lasting peaceupholding all the purposes and principles of the Charter of the United Nations for the promotion of peaceful, friendly and good-neighborly relations among nations, – underlines the final declaration regarding the war Russia Ukraine. Talking about the conflict in Middle Eastinstead, “the Palestinian right to self-determination” is reaffirmed and the G20’s commitment towards a “two-state solutionin which Israel and a Palestinian state live side by side in peace within secure and recognized borders, in line with international law and relevant United Nations resolutions.”
A climate compromise reached. There is a lack of commitment from leaders to allocate resources to support developing countries in addressing climate change, but one recognizes generic “necessity to catalyze and increase investments from all sources and channels to close the financing gap for energy transitions globally, especially in developing countries.”
(Photo: Kittyfly7 | Dreamstime.com)