World leaders have converged in Rio de Janeiro for the annual G20 summit, with the agenda dominated by global poverty, climate change financing, and the ongoing conflicts in Ukraine and the Middle East. Host President Luiz Inácio Lula da Silva officially launched a 'Global Alliance Against Hunger and Poverty,' aiming to accelerate efforts to eradicate malnutrition by 2030. However, diplomatic observers note that reaching a consensus on a joint communique remains challenging due to differing stances on trade policies and security issues. Discussions are also expected to address the implications of shifting U.S. foreign policy following the recent presidential election. While Brazil seeks to focus the forum on the needs of the Global South, traditional power dynamics and regional instabilities continue to shape the high-stakes negotiations.