PM: Drug-terror nexus global threat

“THIS POSES A serious challenge to public health, social stability, and global security. It is also a major means of financing terrorism,” he said.

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“To effectively address this global threat, India proposes the G20 Initiative on Countering the Drug-Terror Nexus. Under this initiative, we can bring together various instruments related to finance, governance, and security. Only then can the drug-terror economy be weakened,” he said.

Under South Africa’s presidency, he said “commendable work has been done on issues such as skilled migration, tourism, food security, AI, the digital economy, innovation, and women’s empowerment”. “The historic initiatives taken at the New Delhi G20 Summit have been furthered here,’ he said, referencing India’s G20 outcomes - where the African Union was included as a member of the G20 grouping under India’s initiative on representation of the Global South.

“Over the past several decades, the G20 has shaped global finance and global economic growth. However, the parameters of growth that have been worked out so far have left a large population deprived of resources. Furthermore, they have also encouraged the over-exploitation of nature. Africa is a major sufferer of this. Today, as Africa hosts the G20 Summit for the first time, we must reconsider the parameters of development,” he said.