Success rate of G20 Summits in History

 

G20 nations catered for 85 percent of the world economy, 75 percent of world trade and 66 percent of world population.

G20 Summit Key Points

During the opening session of the two-day G20 Summit, the African Union (AU) was granted permanent membership in the Group of 20, which represents the world’s largest economies. The G20 also adopted the New Delhi Leaders Summit Declaration, emphasizing the importance of peace in today’s world. The declaration called on all nations to uphold international law principles such as territorial integrity and sovereignty, advocating for peaceful conflict resolution through diplomacy and dialogue.

At the G20 Summit, several countries including India, the US, UAE, Saudi Arabia, France, Germany, Italy, and the European Union signed a Memorandum of Understanding (MoU) to establish the India-Middle East-Europe Economic Corridor. President Biden referred to it as a “game-changing” regional investment. This economic corridor, featuring rail and shipping links, aims to boost trade between India, the Middle East, and Europe, effectively creating a modern-day Spice Route that connects regions responsible for a significant portion of the global economy.

Prime Minister Rishi Sunak announced at the G20 Leaders Summit in New Delhi that Britain is committing $2 billion to the Green Climate Fund (GCF) to assist developing countries in addressing climate change challenges. The Green Climate Fund (GCF) is the world’s largest fund of its kind, established under United Nations climate change negotiations to provide financial support to less affluent nations in achieving their carbon emissions reduction goals, developing cleaner energy sources, and adapting to a changing climate.

Russia welcomed the G20 consensus declaration, which avoided direct criticism of Moscow for its involvement in the Ukraine conflict, describing it as a “balanced” outcome. Svetlana Lukash, the Russian G20 sherpa or government negotiator, expressed this sentiment, noting that the declaration was carefully composed. Russia’s invasion of Ukraine in 2022 has resulted in significant casualties, the displacement of millions, and economic disruptions worldwide. Moscow maintains that it is conducting a “special military operation” in Ukraine and denies any allegations of atrocities.

G20 Summit Countries

The G20 group’s 20 members as of 2023 are:

Argentina

Australia

Brazil

Canada

China

France

Germany

India

Indonesia

Italy

South Korea

Japan

Mexico

Russia

Saudi Arabia

South Africa

Turkey

United Kingdom

United States

The European Union

Spain, the UN, the World Bank, the African Union, and ASEAN are just a few of the organizations that have been invited as guests.

The leaders of 19 nations and the European Union are represented in summits of world leaders, and the finance ministers and central bank governors of 19 nations and the European Union are present at meetings at the ministerial level.

G20 Summit

List of G20 Summit

List of L20 Summits (Summits of trade union and labor leaders from the G20 countries):

2008: United States Washington

2009: United Kingdom London

2009: United States Pittsburgh

2010: Canada Toronto

2010: South Korea Seoul

2011: France Paris

2012: Mexico Los Cabos

2013: Russia Moscow

2014: Australia Brisbane

2015: Turkey Antalya

2016: China Beijing

2017: Germany Berlin

2018: Argentina Mendoza

2019: Japan Tokyo

2020: Saudi Arabia Riyadh

2021: Italy Rome

2022: Indonesia Bali

List of B20 Summits (summits of business leaders from the G20 countries):

2012: Mexico Los Cabos

2013: Russia Saint Petersburg

2014: Australia Sydney

2015: Turkey Turkey

2016: China Hangzhou

2017: Germany Berlin

2018: Argentina Buenos Aires

2019: Japan Tokyo

2020: Saudi Arabia Riyadh

2021: Italy Rome

2022: Indonesia Bali, Indonesia

List of C20 Summits (Summits of civil society delegates from the G20 countries):

2014: Australia Melbourne

2015: Turkey Istanbul

2017: Germany Hamburg

2018: Argentina Buenos Aires

2019: Japan Tokyo

2020: Saudi Arabia Riyadh

2021: Italy Rome

2022: Indonesia Bali

List of T20 summits (summits of think tanks from the G20 countries):

2012: Mexico Mexico City

2013: Russia Moscow

2017: Germany Berlin

2018: Argentina Buenos Aires

2019: Japan Tokyo

2020: Saudi Arabia Riyadh

2021: Italy Milan

2022: Indonesia Bali

List of Urban 20 (U20) summits (summits of cities from the G20 countries):

2018: Argentina Buenos Aires

2019: Japan Tokyo

2020: Saudi Arabia Riyadh

2021: Italy Rome

2022: Indonesia Jakarta

List of W20 summit (women’s summit of G20 countries):

2017: Germany Berlin

2018: Argentina Buenos Aires

2019: Japan Tokyo

2020: Saudi Arabia Riyadh

2021: Italy Rome

2022: Indonesia Lake Toba

List of Y20 summits (summits of young leaders, 18 to 30 years old from the G20 countries):

2010: Canada Vancouver

2011: France Paris

2012: Mexico Puebla

2013: Russia Saint Petersburg

2014: Australia Sydney

2015: Turkey Istanbul

2016: China Beijing and Shanghai

2017: Germany Berlin

2018: Argentina Córdoba

2019: Japan Tokyo

2020: Saudi Arabia Riyadh

2021: Italy Milan and Bergamo

2022: Indonesia Jakarta and Bandung

G20 Summit 2023 (India)

The Group of Twenty (G20) will assemble for the eighteenth time in 2023, and the summit is expected to take place at New Delhi’s Pragati Maidan. India assumed the presidency on December 1, 2022, and held it until the summit in the third quarter of 2023. At the conclusion of the Bali summit, the G20 Presidency gavel was handed over from Indonesian President Joko Widodo to Indian Prime Minister Narendra Modi during a small ceremony.

Presidency of G20, SCO, UNSC in 2022: A Historic Opportunity For India

The G20 presidency is a significant responsibility, and the Indian government has enhanced its intellectual, administrative, infrastructural, and social capital, improved bureaucratic decision-making procedures, and created a list of agenda items for the coming year in order to rise to the occasion. These are being thoughtfully created with input from important parties, including corporations, think tanks, universities, civil society, labour unions, and the scientific community.

G20 Summit 2023 (India): Theme

Vasudhaiva Kutumbakam, or “One Earth, One Family, One Future,” is the recently unveiled theme for India’s G20 year. It is based on Sanskrit scriptures and emphasises the interconnectedness of various forms of life, including humans, animals, plants, and microorganisms, as well as their significance both on Earth and in the larger cosmos. The theme makes use of the phrase “Lifestyle for Environment” (LiFE), which illustrates how environmentally sound decisions made at the local, state, and federal levels can result in more informed, transformative actions at the international level and help create a cleaner, greener, and bluer future.

Who organized the G20 Summit 2023 (India)?

The Ministry of External Affairs (MEA) revealed that there are 250 meetings held throughout the nation, 190 of which will be attended by the ministers in charge of the G20 nations’ nodal ministries for things like health, finance, agriculture, energy, and trade. Throughout the year, 100,000 people are anticipated to attend.

G20 Summit 2023 in September, India will host more than 200 events in 50 cities in 2023 that will involve government and civil society members and will culminate in a major conference in New Delhi. The summit is anticipated to draw thirty leaders of state and government from G20 countries and other invited countries.

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FAQs

What is G20 Summit?

The Group of Twenty, or G20, is an intergovernmental organisation made up of the European Union and 19 other nations (EU). It strives to address important global economic concerns like international financial stability, reducing greenhouse gas emissions, and sustainable development. G20.

Which countries are in G20 summit?

Along with the European Union, the Group of 20 (G20) is made up of Argentina, Australia, Brazil, Canada, China, France, Germany, Greece, Italy, Japan, Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom, and the United States.

Where is the headquarter of G20?

Headquarters of G20 are in Cancun, Mexico.

How often is G20 summit held?

An annual rotation mechanism for the G-20 presidency preserves regional balance over time. There is no permanent secretariat for the G 20.

Why the G20 is so important?

The twenty largest economies in the world gather frequently to address the most important issues affecting the global economy in the G20 meeting. Together, the G20 countries represent more than 80% of the global GDP, 75% of international trade.