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G20 Summits • 2024 Rio de Janeiro Summit | Road to the 2024 Rio de Janeiro Summit
G20 Finance Ministers and Central Bank Governors Meetings

President Lula Reinforces Brazil's Priorities by Assuming Leadership of the G20

December 1, 2023

In a video recorded to mark the start of Brazil's rotating mandate as president of the G20, President Luiz Inácio Lula da Silva made it clear that the Country will set the tone for discussions in the bloc that brings together the world's greatest economies.

"To Brazil, taking on the G20 presidency is more than an honor, it's a commitment. We are committed to placing the fight against hunger, extreme poverty and inequality at the center of the international agenda," highlighted Lula in his speech. It is unacceptable that so much money should remain in the hands of so few – and that so many lack enough money to eat what they need to survive," he said.

By addressing the need to confront the climate crisis with determination, he stated that the success of this endeavor depends on financial compensation from countries that have destroyed the environment in the name of progress at any cost. He recalled the urgency of a global energy transition and pointed out that Brazil has all the conditions to produce the green energy the world needs.

"Our third commitment is to engage the G20 in Brazil's effort towards a new global governance," he explained. "Financial organizations that were established almost 80 years ago must not continue operating with the same paradigms, and without taking the 21st century's structural changes into account."

Lula also brought up the need to look at structural issues such as racism and forms of violence against women, seeking equal rights and opportunities.

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Source: Official website of Brazil's 2024 G20 presidency