India has formally handed over the G20 presidency to Brazil at the closing ceremony of the annual summit held in New Delhi this weekend.

Indian Prime Minister Narendra Modi completed the transition by handing over the ceremonial gavel of the presidency to Brazil President Luiz Inacio Lula da Silva.

India had the presidency of the G20 since Dec. 1, when it took over from Indonesia, and will continue to hold the position until Nov. 30.

During the two-day summit, the bloc adopted a consensus declaration that made commitments on several issues, including food and energy security, climate change, and global debt vulnerabilities.