New Delhi: On Saturday, Prime Minister Narendra Modi stressed the need for countries of the Global South to come together to tackle global issues like health, food, energy security, the technology gap, and terrorism. In a video address during the opening of the first day of the three-day online summit – the third Voice of the Global South — Modi called for unity and cooperation in the face of global challenges.
Also, to ensure support for these partners in the Global South, Modi stated India will invest an initial $25 million in the new Social Impact Fund. This fund is specifically provided to scale DPI in other countries located in the southern hemisphere. The initiative indicates India’s resolve to bring global talents aboard to learn from them and India to share its progressing technologies and chalk out paths for mutual trade and commerce, development, and the realization of sustainable development goals.
Modi also stated that there are 12 Global South partners with memorandums for the use of the “India Stack,” a package of digital goods or digital identification and payment systems, among other things, that have been signed. Unsurprisingly, such a procedure aims to enhance the convergence of technologies to equip developing countries with a solid ground in the digital world.
The PM spoke about the need for solidarity among countries of the Global South and their learning from each other to cope with existing problems. He pointed out that the summit was being staged at a time of instability for humanity as the world is still struggling with the effects of the COVID-19 pandemic and new challenges to development, including conflicts and wars.
Having emphasized climate change, Modi noted that there are other issues that the world is facing today and that will be increasingly important in the future: health, food, and energy security, threats of terrorism, extremism, and separatism. He also spoke disparagingly about the present structures of global governance and finance — institutions set up in the last century — for their inability to.
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