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India, the European Union, the United States and Saudi Arabia announced a mega deal to establish the India-Middle East-Europe Economic Corridor (IMEC) at an event on the sidelines of the G20 summit on Saturday. The leaders of India, Italy, France, Germany, the United States, the United Arab Emirates, the European Union and Saudi Arabia signed the memorandum of understanding. While announcing the corridor at the G20 summit, Prime Minister Narendra Modi said that IMEC will usher in a new chapter in global connectivity and sustainable development. He also stated that the corridor would act as a "major medium of economic integration between India, West Asia, and Europe”. The project will be developed under the G7 nations’ Partnership for Global Infrastructure Investment (PGII) initiative. PGII aims to bridge the infrastructure gap in developing countries. The new IMEC project is being seen as a response to China’s Belt and Road initiative. While the cost of the project has not been officially announced, reports indicated that the countries might spend around $20 billion on developing the corridor. The new project will consist of two corridors. The east corridor will connect India with Gulf countries and the northern corridor will connect Arabian Gulf with Europe.  The corridors will consist of a ship-to-rail transit network to facilitate cost-effective transport routes for the countries. The memorandum of understanding read,” It will enable goods and services to transit to, from, and between India, the UAE, Saudi Arabia, Jordan, Israel, and Europe.” The countries also plan to lay down a cable network for electricity and digital connectivity along with pipes for clean hydrogen export. EU President Ursula von der Leyen said that IMEC will be the most direct connection between the countries and it is expected to cut travel time by 40 per cent. 

The G20 summit opened in India's capital New Delhi on Saturday (9 September) with a speech by prime minister Narendra Modi during which he welcomed the African Union as the 21st member of the grouping, whose name will presumably now change to G21. It seems also that it is not the only name that is changing. The country name-plate in front of Modi during his speech did not say India, but Bharat. Commonspace.eu political editor said in a comment that the G20 summit had become a coming of age party for India, as it projects increasing confidence and assertiveness in the international arena. Having recently celebrated the success of having a successful lunar mission, the summit was an opportunity to come down to earth with a bang. The decision of prime minister Modi to speak as the leader of Bharat was a symbolic gesture marking a break between the country and its long and often painful colonial era past. By securing the admittance of the African Union in the G20, India also consolidated its role as one of the leaders of the Global South - a role India actively played in the 1950s and 1960s under prime ministers Nehru and Gandhi, but one which in recent years appeared to take back stage to more immediate urgent issues. For the G20, India has thrown a lavish party. But guests were left under no illusion that this was not also a Modi celebration. The Indian prime minister faces a tough election next year, and appearing as the leader amongst global statesman helps the prime minister's image. A reminder perhaps that in India these things matter, because India is a democracy, and in the end it is the people that have the final word. One reason perhaps why two G20 leaders were conspicuously absent: President Xi of China, and President Putin of Russia. Their absence was noted, although not necessarily missed.

India will underline the need for further diversity, the voice of the Global South as well as a human-centric approach to globalism as the country gears up for the G-20 leader’s meeting on 9 and 10 September in New Delhi under the motto "One Earth, One Family, One Future." India, as a developing country, has placed utmost importance on inclusivity for its G-20 presidency and has within this scope invited several non-G-20 members for the range of meetings held during the country’s term. The 32 countries, in addition to the G-20 members and guest countries, are present in the programs. The G-20 includes the European Union and the major economies of all continents, including the U.S., China, Russia and Germany. The Indian Presidency has drawn out six focus points, namely inclusive and resilient growth, progress on the sustainable development goals (SDGs), green development and life, technological transformation and digital public infrastructure, reforming multilateral institutions as well as women-led development.  India announced that it made a proposal for the African Union to be a permanent member of the G-20. The world’s economic gravity center has shifted dramatically in the past years. According to the Organisation for Economic Co-operation and Development (OECD), the share of emerging markets in global trade increased from 32% to 46% between 200 and 2019, while their share of receiving global foreign direct investment (FDI) rose from 15% to 46% and most of the world’s GDP growth occurs in those emerging markets.  India, the most populous country in the world, for its part, is aiming to become the world’s third-largest economy by 2027. In 2014 it was the 10th largest, while today it ranks fifth.

The summit of BRICS - the group bringing together Brazil, China, India, Russia and South Africa concluded this morning with an invitation to six countries to join as from 1 January 2024. Speaking at a briefing at the end of the summit, the president of host country South Africa, Cyril Ramaphosa, said   "We reiterate our commitment to inclusive multilateralism and upholding international law, including the purposes and principles enshrined in the United Nations Charter. We are concerned about ongoing conflicts in many parts of the world. We stress our commitment to the peaceful resolution of differences and disputes through dialogue and inclusive consultation." Ramaphosa said that BRICS is a diverse group of nations. "It is an equal partnership of countries that have differing views but have a shared vision for a better world." "As the five BRICS countries, we have reached agreement on the guiding principles, standards, criteria and procedures of the BRICS expansion process, which has been under discussion for quite a while.  We have consensus on the first phase of this expansion process, and further phases will follow. We have decided to invite the Argentine Republic, the Arab Republic of Egypt, the Federal Democratic Republic of Ethiopia, the Islamic Republic of Iran, the Kingdom of Saudi Arabia and the United Arab Emirates to become full members of BRICS. The membership will take effect from 1 January 2024."

Senior United States official, the Acting Deputy Secretary of State Victoria Nuland, has held talks with the military leaders of Niger following a coup last month. Speaking to reporters from capital Niamey, Nuland said that, in talks lasting more than two hours, the U.S. had offered its help "if there is a desire on the part of the people who are responsible for this to return to the constitutional order". The U.S. was not "in any way taken up on that offer", she said.

The Saudi Arabian port city of Jeddah is to host a global summit on reaching peace in Ukraine on Saturday (5 August). The summit will be attended by some 40 countries including many countries of the "Global South", as well as China. Russia was not invited to the talks, however, and Moscow has said that they will "monitor" the summit. The discussion and future implementation of Ukraine's Peace Formula, set out by President Volodymyr Zelensky during an address to the G20 in November, will be the subject of the summit in Jeddah.

The Turkish President Recep Tayyip Erdogan has agreed to Sweden's membership of the North Atlantic Treaty Organization (NATO), hours before the military alliance's summit is due to get underway in the Lithuanian capital of Vilnius on Tuesday (11 July). The NATO General Secretary Jens Stoltenberg said on Monday evening (10 July) that President Erdogan would forward Sweden's bid to the Turkish parliament in Ankara and "ensure ratification". He described it as a "historic step" but stressed that a "clear date" for Sweden's formal accession to the organisation could not yet be given as this relies on both the Turkish parliament as well as Prime Minister Viktor Orban of Hungary and the Hungarian parliament. Hungary and Turkey remain the only two NATO members who are not yet to retify Sweden's membership. Hungarian Foreign Minister Peter Szijjarto said on Tuesday that ratification of Sweden's bid is now "only a technical question". Reacting to the news, Swedish Prime Minister Ulf Kristersson said: "I am very happy, it is a good day for Sweden."