Overview
- India, serving as chair, issued a 63‑paragraph Outcome Document and a Chair’s statement on Friday after two days of talks, as divisions over the West Asia crisis blocked a joint declaration.
- The document restated support for a Palestinian state on 1967 lines with East Jerusalem as capital and urged a ceasefire and full aid access in Gaza, with footnoted reservations on Gaza’s status and Red Sea maritime security showing unresolved splits.
- Ministers backed faster expansion of the New Development Bank and pressed it to raise more resources, fund in local currencies, diversify funding, and support projects that cut inequality and build infrastructure.
- At parallel sessions, Russia’s Mikhail Mishustin said the NDB can become a global “bank of innovation,” and Sergey Lavrov proposed an investment platform, including digital‑asset tools, to help head off a new debt crisis with the NDB adapting its strategy.
- The Tribune reported plans for another ministers’ meeting on the UNGA sidelines later this year, as the bloc also supported stronger cross‑border payment systems that could lessen reliance on Western‑run networks.