Antalya: Seeking global cooperation to fight black money menace, Prime Minister Narendra Modi on Sunday asked G20 nations to freeze and repatriate unaccounted money hoarded overseas.
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Highlighting India’s plan of action on climate change, Prime Minister Modi said there is a need to shift from “carbon credit” to “green credit”. Stating that there were an estimated 60 million people in need of protection worldwide, Modi said the West Asian crisis has directed global attention to this acute humanitarian challenge. “One, in the area of development, G20 must place priority on effective implementation of Sustainable Development Agenda 2030 and ensure adequate funding for it”, Modi said. “G20’s continued call to central banks for careful communication on monetary policy actions will be helpful in keeping financial and currency markets stable”, Modi said.
Multilateral Development Banks should enlarge their capital base to support infrastructure needs of the developing countries. Speaking to leaders of Brics, he called for stopping the flow of arms and explosives to terrorist groups, creating special global legal regime to disrupt terrorist activities and cooperation in preventing the use of cyber networks by terrorist groups. “Together, we can also give shape to G20″, Modi said. And, we tend to be selective in using the instruments that we have, ” he said.
The prime minister, who arrived here late Saturday from London, said India itself has agreed to do its bit for a clean-green world.
South Africa will contribute $5 billion. “The entire humanity must stand together and be one against terrorism”.
India attached highest importance to BRICS. “We are honoured to assume the Chairmanship of BRICS from 1st February, 2016 and build on the great work done by other Members”, he said.
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“The theme of India’s BRICS Chairmanship will be “Building Responsive, Inclusive and Collective Solutions” which, in short, will be “BRICS” It aptly describes the ethos of our group”. We must isolate those who support and sponsor terrorism; and stand with those who share our values of humanism, ” the Prime Minister said. Besides, he also held bilateral meetings on the sidelines, including with Australian Prime Minister Malcolm Turnbull.
