The G20 Rio de Janeiro Declaration aimed at addressing major global challenges and crises and promotes strong, sustainable, and inclusive growth. 

• The theme of G20 Summit 2024 was ‘Building a Just World and a Sustainable Planet'. 

Key Highlights of Declaration 

The Summit focused on 3 priorities:

• Social inclusion & fight against hunger and poverty:
  • Global Alliance against Hunger and Poverty: Launched to eradicate poverty and hunger. (Refer Box)
  • Global Coalition for Local and Regional Production, Innovation and Equitable Access: Launched to promote access to vaccines, diagnostics, and other health technologies for neglected diseases and vulnerable persons.
• Sustainable development, energy transitions & climate action: 
  • It welcomed the establishment of Task Force on a Global Mobilization against Climate Change
    • Established to identify & address structural barriers to foster private capital flows for climate action, particularly for developing countries.
• Reform of Global Governance Institutions:
  • Pledged to reform UN Security Council aligning with realities & demands of 21st century, which is more inclusive, effective, democratic, accountable etc.
  • Endorsed G20 Roadmap towards Better, Bigger, and More Effective Multilateral Development Banks (MDBs).