India To Host Over 200 G20 Meetings During Presidency

The G20 is a discussion board of the world’s main developed and growing economies. (File)

New Delhi:

India will assume the Presidency of the G20 for one yr from December 1, 2022, to November 30, 2023, and through its Presidency, it’s anticipated to host over 200 G20 conferences throughout the nation.

The G20 Leaders’ Summit on the stage of Heads of State/Government is scheduled to be held on September 9 and 10, 2023 in New Delhi, learn the Ministry of External Affairs press launch.

The G20, or Group of Twenty, is an intergovernmental discussion board of the world’s main developed and growing economies. It contains 19 international locations – Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, UK, USA – and the European Union (EU).

Collectively, the G20 accounts for 85 per cent of world GDP, 75 per cent of worldwide commerce and two-thirds of the world inhabitants, making it the premier discussion board for worldwide financial cooperation.

India is at present a part of the G20 Troika (present, earlier and incoming G20 Presidencies) comprising Indonesia, Italy and India.

During its Presidency, India, Indonesia and Brazil would type the troika. This could be the primary time when the troika would encompass three growing international locations and rising economies, offering them with a better voice, added the discharge.

The G20 at present contains – Finance Track, with 8 workstreams (Global Macroeconomic Policies, Infrastructure Financing, International Financial Architecture, Sustainable Finance, Financial Inclusion, Health Finance, International Taxation, Financial Sector Reforms); Sherpa Track, with 12 workstreams (Anti-corruption, Agriculture, Culture, Development, Digital Economy, Employment, Environment and Climate, Education, Energy Transition, Health, Trade and Investment, Tourism); 10 Engagement Groups of personal sector/civil society/unbiased our bodies (Business 20, Civil 20, Labour 20, Parliament 20, Science 20, Supreme Audit Institutions 20, Think 20, Urban 20, Women 20 and Youth 20).

In addition to G20 Members, there was a practice of the G20 Presidency inviting some Guest international locations and International Organizations (IOs) to its G20 conferences and summits.

Accordingly, along with common International Organizations (UN, IMF, World Bank, WHO, WTO, ILO, FSB and OECD) and Chairs of Regional Organizations (AU, AUDA-NEPAD and ASEAN), India, as G20 President, might be inviting Bangladesh, Egypt, Mauritius, Netherlands, Nigeria, Oman, Singapore, Spain and UAE as Guest international locations, in addition to ISA (International Solar Alliance), CDRI (Coalition for Disaster Resilient Infrastructure) and ADB (Asian Development Bank) as Guest IOs, learn the discharge.

Whilst India’s G20 priorities are within the means of being firmed up, ongoing conversations inter alia revolve round inclusive, equitable and sustainable development; LiFE (Lifestyle For Environment); ladies’s empowerment; digital public infrastructure and tech-enabled growth in areas starting from well being, agriculture and training to commerce, skill-mapping, tradition and tourism; local weather financing; round financial system; international meals safety; power safety; inexperienced hydrogen; catastrophe danger discount and resilience; developmental cooperation; battle in opposition to financial crime; and multilateral reforms.

(Except for the headline, this story has not been edited by NDTV employees and is printed from a syndicated feed.)

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