Johannesburg: Every country is entitled to chart its own development path, as "there is no single model that fits all," Indonesia's Vice President Gibran Rakabuming Raka stated during a session of the G20 leaders' summit in Johannesburg, South Africa.

According to Anadolu Agency, Gibran emphasized that the best method does not exist universally, advocating for cooperation that empowers rather than dictates and uplifts instead of creating dependency. He highlighted the significance of this G20 summit as the first to be held on African soil, calling it a "profound shift" that positions the Global South as a co-driver of global progress rather than a bystander.

Gibran stressed that global growth should be not only robust but also equitable and inclusive, aiming to uplift all nations. He welcomed the G20's focus on sustainable finance and called for greater ambition to address gaps in adaptation, mitigation, and transition in a manner that is just and fair.

The Vice President further outlined the need for more accessible, predictable, and equitable financing, especially for developing nations. He suggested mechanisms such as debt relief, innovative financing, blended finance, and green transition mechanisms to achieve these goals.

Gibran also addressed the rise of emerging technologies, including crypto assets and digital tokens like Bitcoin, acknowledging that they present both opportunities and risks. He proposed that the G20 initiate dialogues on fostering an intelligent economy to navigate these challenges effectively.