New Delhi: In a significant development, PM Narendra Modi has officially transferred the G20 presidency responsibilities to Brazilian President Luiz Inácio Lula da Silva. This transition marks the emergence of the next Troika, consisting of India, Brazil, and South Africa. However, it's crucial to note that this handover is primarily symbolic, as India will continue to hold the presidency until November 2023. The formal transfer of responsibilities is slated for December of this year. At the moment, India wields the G20 presidency, a position that requires the support of two other nations: one that held the presidency in the previous year and another set to assume it in the following year. Together, these nations constitute what is known as the "Troika."

Upon receiving the symbolic gavel that signifies the transition of G20 presidency, President Lula outlined the three primary priorities that Brazil will champion during its tenure. He stated, "The Brazilian presidency of the G20 has three overarching priorities: First, the promotion of social inclusion and the fight against hunger. Second, a commitment to energy transition and sustainable development in all its facets. And third, advocating for the reform of global governance institutions. All these priorities align with the Brazilian presidency's overarching motto: 'Building a fair world and a sustainable planet.' To achieve these goals, two task forces will be established: the Global Alliance against Hunger and Poverty and the Global Mobilization against Climate Change."

To provide context, Indonesia held the G20 presidency in 2022, followed by India's current tenure, and Brazil's upcoming presidency for the next year. As of now, the "Troika" is composed of Indonesia, India, and Brazil, with South Africa poised to assume the G20 presidency in 2025. During the 'One Future' session, President Lula underscored the urgent need to address various forms of inequality, including income disparity, limited access to healthcare and education, and food security, among other pressing concerns. He emphasized, "We find ourselves in a world where wealth is concentrated in the hands of a few, while millions still go hungry, and sustainable development remains under constant threat. Our government institutions often reflect outdated paradigms. To confront these challenges, we must tackle the root cause: inequality. This includes addressing disparities in income, access to healthcare and education, food security, gender, race, and representation, all of which are at the heart of these persistent imbalances."

The concept of the "Troika" in G20 leadership involves a collaborative effort between the current president, the immediate past president, and the future president. This collaborative arrangement ensures the continuity of the G20's agenda. Presently, the Troika comprises developing nations—Indonesia, India, and Brazil—marking a unique alignment in the G20's leadership landscape.

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