Leaders of the world’s largest economies concluded the G20 summit in Rio de Janeiro today, issuing a joint declaration that highlights the urgent need for expanded climate finance and global cooperation. While the group reached a consensus on a 'global pact against hunger and poverty,' the summit was marked by divergent views on the escalating conflicts in Ukraine and the Middle East. Diplomatic sources indicate that while the final communique called for a 'comprehensive' ceasefire in Gaza and Lebanon, the language regarding Russia’s invasion of Ukraine remained carefully neutral to maintain broad agreement. On the sidelines, discussions centered on the potential shift in U.S. foreign policy following the recent presidential election, with many European and South American leaders emphasizing the importance of multilateralism. The summit serves as a critical precursor to the final negotiations at the COP29 climate conference currently underway in Baku.