Following the recent summit of the BRICS (Brazil, Russia, India, China, and South Africa), where the group agreed to add six new members, I argued that neither it nor the G7 has the credibility or the capacity to tackle global challenges. That leaves the G20 (comprising 19 of the world’s largest economies, plus the EU) as the only grouping with the legitimacy to offer truly global solutions to global problems.

The joint declaration that emerged from last week’s G20 summit in New Delhi provides further confirmation of this. Member states reached a consensus to address a wide range of issues. Despite obvious challenges – such as the considerable differences in how member states operate – they managed to reassert the G20’s relevance after a lengthy period in which its role had been called into question.