G20 Summit: PM Narendra Modi has handed over the G20 presidency to Brazilian President Luiz Inácio Lula da Silva. Now, the next Troika will be India, Brazil and South Africa. However, the handing over is symbolic as India is still the president till November 2023. The formal takeover of the presidency will take place in December this year. Presently, India holds the G20 presidency. To assume the presidency, a country needs to be supported by two other nations -- one that held the presidency the previous year and one that will assume the presidency the following year. Together, this is called the "Troika".


Meanwhile, after accepting the gavel as a symbol of passing over the G0 presidency, President Lula also highlighted the three priorities of the group that Brazil will take forward.






"Brazilian presidency of the G 20 has three priorities - First, social inclusion and fight against hunger. Second, energy transition and sustainable development in its three aspects...Third, the reform of global governance institutions. All these priorities are part of the Brazilian presidency motto which says 'Building a fair world and a sustainable planet'. Two task forces will be created - Global Alliance against Hunger and Poverty & the Global Mobilisation against Climate Change," he said.


In an apparent reference to the Russia-Ukraine conflict, Lula said that the G20 should not be divided by 'geopolitical issues', as per AFP.


"Geopolitical issues should not derail G20 discussions," the Brazilian President said as his country assumed the bloc's presidency.


Indonesia held the G20 presidency in 2022, India holds it presently and Brazil will take over for the next year. Thus, Indonesia, India and Brazil are the "Troika" countries right now. In 2025, South Africa will be the G20 president.


Meanwhile, speaking at the 'One Future' session, President Lula called everyone to address the issue of inequality of income, access to healthcare, education, and food among other pressing matters.






"...We are living in a world where wealth is more concentrated in which millions of human beings still go hungry, where sustainable development is always threatened, in which government institutions still reflect the reality of middle of the last century. We will only be able to face all these problems if we address the issue of inequality - inequality of income, of access to healthcare, education, food, gender and race and also of representation is at the origin of these anomalies," he said.


 


Troika Countries



It is a grouping of the current, immediate past and future presidents of the G20. The G20 country holding the presidency works together with its predecessor and successor to ensure continuity of the agenda. Presently, India holds the G20 presidency. Indonesia held the G20 presidency in 2022 and Brazil will take over from India.


Thus, Indonesia, India and Brazil are the "Troika" countries right now. For the first time, the 'Troika' comprises only developing nations.