Cuadernos de Política Exterior Argentina (Nueva Época), 139, Junio 2024, Pág. 220
ISSN 0326-7806 (edición impresa) - ISSN 1852-7213 (edición en línea)
contemporary G20 priorities. This makes IBSA Troika for the G20 all the more relevant. In
reinforcing this strategic alignment, the February 2024 meeting of the Foreign Affairs
Ministers of IBSA, held on the side-lines of the G20 sessions, highlighted the urgent need to
strengthen the IBSA Dialogue Forum.
[7]
This effort underscores the commitment to enhance
synchronization with the G20 framework, ensuring that IBSA's distinctive goals and
strategies are fully integrated and influential within the broader global governance landscape.
Development as a Key Pivot to IBSA’s engagement with G20
IBSA, as a G20 troika, can focus on key sectors where the three countries have natural
complementarities: finance, digitalization, health, food security, energy transitions, trade, and
multilateral reforms—areas of immediate importance and agreement, previously addressed
during India’s presidency. In a world already ravaged by the pandemic, global growth
remains subdued, highlighting deep economic disparities. War disruptions in energy and food
markets exacerbate global poverty and hunger, with 783 million people facing chronic hunger
and the global poverty rate increasing from 7.8% to 9.1%.
[8]
The urgent need for social
inclusion and solutions to food insecurity is clear.
India and Brazil, are leaders among the Global South countries in healthcare and agriculture.
They are well-positioned to lead on Universal Health Coverage initiatives, exemplified by
India's Ayushman Bharat—the world's largest health assurance scheme and Brazil's Bolsa
Família—the largest conditional cash transfer program globally. Their leadership in climate-
smart agriculture, sustainable food production systems, and biofuels positions them to combat
the global food crisis effectively and advance SDG 2. Furthering these efforts, Brazil has
established a dedicated task force to launch the Global Alliance Against Hunger and Poverty,
an initiative inspired by its successful 'Brazil Without Hunger' program, aiming to extend its