African Union has become a permanent member of the G-20 group, a move proposed earlier in June.
This development was made known at the ongoing G-20 Summit in New Delhi, India, on Saturday by the Indian Prime Minister, Narendra Modi.
The African Union was made a permanent member of the G20, comprising the world’s richest and most powerful countries.
The African Union is a continental body of 55 member states and now has the same status as the European Union – the only regional bloc with a full membership. Its previous designation was “invited international organization.”
In his opening remarks at the summit, Modi invited the AU, represented by Chairperson, Azali Assoumani, to sit at the table of G20 leaders as a permanent member.
Subsequently, Modi, via his X handle wrote, “Honoured to welcome the African Union as a permanent member of the G20 Family. This will strengthen the G20 and also strengthen the voice of the Global South.”
Other issues being decided on at the summit include more loans to developing nations by multilateral institutions, reform of international debt architecture, regulations on cryptocurrency, and the impact of geopolitics on food and energy security.
The 38-page draft circulated among members left the “geopolitical situation” paragraph blank — reflecting deep division over the war in Ukraine — but 75 other paragraphs indicated broad agreement on issues such as cryptocurrencies and reforms in multilateral development banks.