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Modi, Abe, Merkel, Rousseff Together: G4 to Meet on UN Sidelines ( Source- The Diplomat / Author- Ankit Panda)

G-4 Summit ( Image source- Flickr / Credits- MEA Official gallery) Source- The Diplomat Author- Ankit Panda What do Brazil, Germany, India, and Japan have in common? Though geographically disparate, each of these states seeks permanent membership on the United Nations Security Council and has the economic and political heft to make its bid not entirely unrealistic. Additionally, each member of this so-called G4 group of states supports each other’s bid for a permanent seat on the Security Council. This week, on the sidelines of the 70th United Nations General Assembly, Indian Prime Minister Narendra Modi will convene the group for the first time in more than ten years at the Waldorf-Astoria Hotel in New York City. German Chancellor Angela Merkel, Japanese Prime Minister Shinzo Abe, and Brazilian President Dilma Rousseff will be in attendance. Security Council reform has been a tricky topic for the United Nations. Though most member states agree that the UNSC is anachr

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China's 'Silk Road' Initiative Is at Risk of Failure ( Source- The Diplomat / Author- Moritz Rudolf)

China- Kazakhstan border ( Image source- Wikimedia Commons / Author- Yaohua 2000) Source- The Diplomat Author- Moritz Rudolf The Silk Road Initiative is the major project for Chinese President Xi Jinping. On every state visit and within every diplomatic forum, he has promoted his idea of “One Belt, One Road” (OBOR). Beijing wants to create China-centered infrastructure networks in order to expand its own economic and political influence in Eurasia. But the time when the country was able to make economically unprofitable investments on the basis of political motives is long gone. Beijing had intended to invest more than $900 billion in infrastructure expansion in Eurasia. However, the money is now needed to stabilize its stagnating economy and nervous financial markets. China‘s currency reserves decreased drastically in August. Due to financing difficulties a number of infrastructure projects have come to a standstill. For example, the gas pipeline known as “Power