G20 Summit a success, says Russia's Lavrov

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Russia's Foreign Minister Sergey Lavrov attends the 18th East Asia Summit as part of the 43rd Association of Southeast Asian Nations (Asean) Summit in Jakarta on Sept 7. (Photo by Yasuyoshi CHIBA / POOL / AFP)

NEW DELHI - The G20 leaders' summit in New Delhi is a success for all G20 countries, the group is undergoing internal reform, Russian Foreign Minister Sergey Lavrov said on Sunday.

"The summit is an unconditional success, for the Indian presidency, for all of us. The G20 is undergoing an internal reform. This was reflected in the significant activation of G20 members representing the Global South," Lavrov said during the press conference, reported Sputnik.

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He also noted that the G20 summit in India will provide a positive impetus to the reform of the International Monetary Fund (IMF) and the World Trade Organisation.

"The summit, of course, will give a very serious impetus, a positive impetus to reform both the IMF and the World Trade Organisation," the minister said.

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He added that if quotas and votes are divided fairly within the IMF, the United States will lose its veto power.

Lavrov also praised India's work on the G20 final declaration. - BERNAMA-SPUTNIK

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