The G20 summit held last weekend in India has become one of the most complicated meetings in the group's history. Economic difficulties and interruptions in grain supply, the consequences of climate change and the transition to "green" energy, as well as the Ukrainian conflict, were characterized by their tension.

The G20 was originally established in 1999 as an economic grouping of finance ministers. It has no permanent secretariat and no one to check how things are delivered. Because it is a multilateral grouping, change is slow and incremental.
First of all, let's look at the conclusions of the summit and how they will affect the current political and economic processes.
One of the highlights of the G20 Delhi summit is the establishment of the India-Middle East-Europe Economic Corridor (IMEC). The memorandum of understanding signed by Germany, EU, India, Italy, UAE, Saudi Arabia, USA and France envisages the construction of extensive railways, port infrastructure, pipelines and cable network. It is currently seen as a rival to China's One Belt, One Road project.

China also decided to call the summit to be held in Brazil next year as G21 as an alternative to India's plan. With this step, the Asian Tiger, which is the largest economic power in Africa, will increase its political and economic flexibility.

Unlike last year, this time there was a softening in the position of the group members regarding the Ukraine conflict. Thus, the G20 countries refused to sharply condemn Russia's activities in Ukraine in the final document. Instead, the statement emphasized "the existence of different views and assessments of the situation." This was undoubtedly marked by Lavrov as a diplomatic success.

Also, during the meeting, Karabakh and Baku-Iravan relations were brought up. In particular, the current situation in our region was discussed at the meeting of the President of Turkey, Recep Tayyip Erdogan, and the head of the EU Council, Charles Michel.

If we consider the overall results, this year's G20 summit was the year of internal reforms. Certain political and economic processes have served the general interests of the world, not within the framework of the interests of certain countries.
It seems that the modern G20 reflects a completely new form of cooperation between the "Global North" and the "Global South". After that, the "Big 20" will become the meeting ground between these two groups.

Akbar Novruz