S Jaishankar Talks About Climate Change, Digital Transformation, and Economic Resilience at Global South Summit
External Affairs Minister S Jaishankar emphasized the importance of economic resilience, climate change action, and digital transformation at the Voice of Global South Summit. He highlighted the need for reliable supply chains, low-cost financing for climate initiatives, and the reform of multilateral organizations.
Economic Resilience
Jaishankar noted that the pandemic, conflicts, and climate events have shown the need for reliable and resilient supply chains. He stressed the importance of diversifying production to make the international economy more predictable.
Climate Change
He called on Global South nations to work together for low-cost financing and critical technologies to address climate change. He mentioned that during India’s G20 Presidency, they focused on Just Energy Transitions.
Revitalizing Multilateralism
Jaishankar stressed the need to reform Multilateral Development Banks through the G20, citing the obsolescence and polarization of current multilateral organizations.
Digital Transformation
He emphasized the importance of democratizing digital transformations and said that India’s experience with Digital Public Infrastructure could benefit Global South partners.
Upcoming UN Summit
Jaishankar mentioned the upcoming UN Summit of the Future in New York as an important platform for Global South nations to raise their issues and work collectively for a better future.
Doubts Revealed
S Jaishankar -: S Jaishankar is India’s External Affairs Minister. He is responsible for managing India’s relationships with other countries.
Climate Change -: Climate change refers to long-term changes in temperature and weather patterns. It is mainly caused by human activities like burning fossil fuels.
Digital Transformation -: Digital transformation means using new digital technologies to change how things are done. This can make processes faster and more efficient.
Economic Resilience -: Economic resilience is the ability of an economy to recover quickly from difficulties. It means being strong and stable even during tough times.
Global South Summit -: The Global South Summit is a meeting of countries from the southern part of the world. They discuss common issues and ways to work together.
Voice of Global South Summit -: The Voice of Global South Summit is a specific event where leaders from Global South countries talk about their needs and challenges.
Supply Chains -: Supply chains are systems that move products from producers to consumers. They include all the steps from making to delivering products.
Low-cost Financing -: Low-cost financing means borrowing money at a low interest rate. It helps fund projects without costing too much.
Multilateral Organizations -: Multilateral organizations are groups formed by multiple countries. They work together on common goals, like the United Nations (UN).
Digital Public Infrastructure -: Digital Public Infrastructure includes online systems and services provided by the government. Examples are digital ID systems and online payment platforms.
UN Summit of the Future -: The UN Summit of the Future is a planned meeting by the United Nations. Leaders will discuss future global challenges and solutions.
