India hands over G20 presidency to Brazil

India has passed on the G20 presidency to Brazil with PM Modi handing over the gavel to President Luiz Inacio Lula da Silva.

Brazil has said that during its presidency in 2024, it will prioritise poverty, sustainable development and the reform of global governance in organisations like the International Monetary Fund and the UN Security Council, BBC reports.

On September 9, Lula also said that President Putin would not be arrested if he attended the summit in Rio de Janeiro next year.

Putin has repeatedly skipped international gatherings and did not attend the summits in Delhi or Bali.

The G20 presidency will be taken over by South Africa in 2025 and the US in 2026.

On Saturday, leaders of India, Brazil, South Africa and the US met on the sidelines of the summit and released a joint statement, saying, “As the G20’s current and next three presidencies, we will build on the historic progress of India’s G20 Presidency to address global challenges.”

The four countries reaffirmed their "shared commitment to the G20 as the premier forum for international economic cooperation".