The G20 leaders attending the 9th heads of state and government summit in Rio de Janeiro, Brazil, have inaugurated a global alliance to tackle hunger and poverty.
The G20 member countries signed the alliance on Monday during the opening session of the summit.
The alliance will also empower a task force to implement practical activities between 2025 and 2030 to accelerate the group’s goals.
Brazilian President Luiz Lula da Silva said the alliance was pre-launched in July and already had the support of more than 80 countries, federal agencies, and civil society organisations.
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Da Silva said the goal of the global alliance is to gather funds and knowledge for the implementation of public policies and social technologies, which have proven effective in reducing global hunger and poverty.
He added that throughout the first half of Brazil’s G20 presidency, discussions were held with member countries and other key partners to present the operation, its pillars, and the general lines of governance.
“It’s not just about doing justice. This is an essential condition for building more prosperous societies and a world of peace,” the Brazilian president said.
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He said international financial institutions and national development banks had also joined the initiative.
“So far, one of the biggest promises has been from the Inter-American Development Bank, which will request authorisation from its boards to allocate 25 billion dollars to loans in Latin America and the Caribbean,” Da Silva said.
“The alliance, which will be autonomous from the rotating presidencies of the G20, will be operated from Brasília, within the Brazilian Cooperation Agency, and from Rome, within the FAO.”
He said the global situation has deteriorated in recent times and assured that the newly formed alliance would make a significant impact in addressing the situation.
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