Leaders of the world’s largest economies concluded the G20 summit in Rio de Janeiro on Tuesday, issuing a joint declaration aimed at addressing global hunger and international tax reform. Brazilian President Luiz Inácio Lula da Silva, the summit's host, successfully launched a Global Alliance Against Hunger and Poverty, securing commitments from over 80 nations. However, the final communique reflected the complexities of the current geopolitical climate, offering broad calls for peace in Ukraine and Gaza without naming specific aggressors or detailed pathways to resolution. On climate change, the group reaffirmed their commitment to the Paris Agreement goals but reached an impasse on specific financing targets, leaving significant pressure on the ongoing COP29 negotiations in Baku. Observers noted that the summit took place under the shadow of shifting U.S. foreign policy, as world leaders prepare for the transition to a second Trump administration.