Leaders of the Group of Seven wealthy democracies are joining their counterparts from other countries during their summit in Japan in an effort to expand the G7’s sway and to include voices from the so-called Global South.
HIROSHIMA, Japan —
Japanese Prime Minister Fumio Kishida has said another aim is to highlight the importance of the Global South developing countries in Asia, Africa and Latin America. As the only Asian G7 member, Japan has a special role to play in that regard, said Yuichi Hosoya, a professor of international politics at Tokyo’s Keio University.
Kishida convened a session of G7 leaders and guests that included executives from Citigroup and other private partners to discuss how to get more done — and offer an alternative to financing from China with investments in a “transparent and fair manner.” Indonesia was host of the G20 last year and Brazil will host the meetings in 2024. All have complicated relations with China and Russia and the G7 is seeking support for its efforts to push Russia to end the war. India has abstained several times from voting on U.N. resolutions against Moscow and has increased its imports of Russian oil, while calling for a diplomatic resolution to the conflict.
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