G20 Summit: US Vice President Joe Biden will attend the G20 Summit, which will be hosted by India from September 7 to 10. During a press briefing, White House National Security Adviser Jake Sullivan presented this information.
On September 9-10, New Delhi will host the G20 Summit. President Biden is to argue for reforms at the International Monetary Fund (IMF) and the World Bank during the summit.
Sullivan emphasized the need of these institutions providing better development assistance and financing choices as an alternative to China's "coercive and unsustainable lending practices."
Sullivan stressed that Biden's focus during the visit will be on revamping international development banks such as the World Bank and the IMF.
The ultimate goal is to ensure that these institutions provide high-quality, cost-effective solutions to the problems that developing countries face.
To achieve this, the US intends to propose suggestions in New Delhi aimed at increasing the World Bank and IMF's loan capacity by around $200 billion.
The White House released a statement outlining the themes to be discussed at the summit.
These include collaborative efforts to tackle global issues such as switching to clean energy, battling climate change, handling the economic and social consequences of Russia's involvement in the Ukraine conflict, and strengthening multilateral development banks' capabilities in the fight against poverty.
President Biden will also compliment Prime Minister Narendra Modi on his leadership of the G20 and reaffirm the United States' commitment to the G20 as a top platform for international economic cooperation.
Several arrangements have been taken in New Delhi in preparation for the summit. The city's private and government offices will be closed from September 8 to 10.
Banks, commercial organizations, and markets in the New Delhi district will also be closed during this time. Schools and universities will also be closed for the meeting.
The city is attempting to maintain smooth traffic flow by considering the shutdown of some metro stations, particularly those in vulnerable regions, for security concerns.
The G20 Summit in India is projected to include 29 heads of state, European Union delegates, invited guest countries, and officials from 14 international organizations.
Foreign dignitaries will visit various sites, including the new Pragati Maidan convention center, Rajghat, IARI Pusa, and NGMA (Jaipur House).
Several hotels have been allocated to house heads of state, government delegates, and representatives from international organizations.
As part of these plans, Special Commissioner of Police (Traffic) SS Yadav stated that communication with the transport department and the Delhi Metro is underway.
During the summit, certain routes for Delhi Transport Corporation buses would be restricted, and the closure of certain metro stations is also being discussed.
The capital city is preparing for this historic occasion, with officials conducting comprehensive preparations and inspections to assure its success.