Think20 and Think7 leaders discuss new global order

The T7 and T20 urge for a resumption of cross-border, cross-sectoral, and interdisciplinary communication and cooperation as they share a perspective of the combined difficulties and risks of macroeconomic and geopolitical fragmentation.

The official think-tank engagement groups of G20 India (T20) and G7 Japan (T 7) together with their counterparts of G 20 Indonesia and G7  Germany( 2022) and the think-tanks involved in the preparation of the G 20 Brazil and G7 Italy (2024) gathered at the Rockefeller Foundation, Bellagio Centre,  to discuss ways to move towards a new global order.

The meeting, titled ‘G20/G7 Retreat - A Matter of Peace,’  jointly organised by the Asian Development Bank Institute (ADBI) and The Rockefeller Foundation, concentrated on T7/T20 dialogue for G7/G20 cooperation, sustainability and the United Nations Agenda 2030 for Sustainable Development.

During the meeting, the T20 and T7 groups identified ten areas of collaboration for the G20/G7 and committed to working together and with their partners to promote strong policy responses in the short and long term. The participants adopted the Bellagio Action Plan 2023–2024 to strengthen future G7–G20 relations and collaboration.

Common objectives included advancing gender equality, addressing wellbeing and changing GDP measurement, developing a shared understanding of human capital development, increasing public investments in international science systems and research infrastructure, and implementation of the proposal for a G7/G20 dashboard introduced at the T7 Summit in Tokyo on April 27–28, 2023.

Highlighting the importance of convergence between G20 and G7, Deepali Khanna, vice president, Asia Regional Office, The Rockefeller Foundation, said, “To address today’s crises with a focus on long-term gains rather than short-term payback, India’s G20 Presidency and Japan’s G7 Presidency are critical levers. With cross-pollinated dialogue and action, the promise at the core of the global economic order can be restored and revitalized. The Rockefeller Foundation is privileged to support this unprecedented format for cooperation between G7 and G20.”

The Rockefeller Foundation is a pioneering foundation founded on interdisciplinary collaborations at the cutting edge of science, technology, and innovation that promote the well-being of individuals, families, and communities.

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