President addresses leader’s session of the 2nd Voice of Global South Summit

In a virtual address during the Leader’s Session of the Second Voice of Global South Summit, President Ranil Wickremesinghe expressed gratitude to Prime Minister Narendra Modi for the invitation, acknowledging India’s pivotal role in organizing the event. The summit was inaugurated by Prime Minister Modi and attended by distinguished leaders from various developing countries.

During his address at the First Summit, President Wickremesinghe highlighted common challenges faced by the Global South, particularly economic issues such as debt settlement difficulties and limited accessibility to international financial markets. He underscored the need for external assistance from multilateral institutions and developed economies, with India positioned as a bridge between developing economies and G20 countries to address these challenges.

Looking ahead, President Wickremesinghe highlighted the importance of attracting foreign investment and developing connectivity for long-term growth. The Vision Statement issued with Prime Minister Modi during his visit to India this year focuses on promoting connectivity between the two economies across all sectors and between the people of both countries for mutual benefit.

President Wickremesinghe suggested a special focus on cooperation in digitalization, recognizing India’s leadership in this sphere. He expressed eagerness for advancements in digitalization to contribute to both growth and entrepreneurship, as well as more effective governance. The President concluded by wishing the summit success in its deliberations on these crucial matters.

(PMD)