The Group of Twenty (G20) will assemble for the eighteenth time in New Delhi, India, on September 9 and 10, 2023. It is being hosted in the Bharat Mandapam International Exhibition-Convention Centre (IECC) at Pragati Maidan, New Delhi. South Asia and India are hosting a G20 summit for the first time.
India held the G20 chairmanship in 2022. As a result, our nation is well-positioned to host the summit’s expected massive assembly in New Delhi.
G20 or the Group of 20 is an intergovernmental organization. It works to address major issues at a global level ranging from global economy, climate change, economic progress of developing nations, etc. It is composed of finance ministers of most of the world’s largest economies. It was founded in 1999 as a response to various severe issues, the world economic crisis being the main out of all of them. The first summit was held in 2008. Since then it has been convened almost every year to address and discuss upon future course of action in dealing with the world as well as national issues.
The Group of Twenty (G20) is made up of the United States, the United Kingdom, Russia, India, China, Saudi Arabia, Mexico, Japan, Argentina, Australia, South Korea, Brazil, Canada, Turkey, France, Germany, Indonesia, Italy, South Africa, and the European Union.
Overall, the GDP of the individuals who live in these countries accounts for around 85 percent of global GDP. Furthermore, these members account for about two-thirds of the world’s population and more than 75% of global trade.
Attendees at the 18th G20 meeting.
Many of the world’s most powerful and well-known personalities are expected to attend this summit. The summit this week is expected to attract a record number of delegates, making it the biggest in the organization’s history. Many heads of state have already arrived in New Delhi for the G20 summit, with more on their way.
The vice president of the United States, Joe Biden, is slated to “attend the G20 Leaders’ Summit from September 7-10 in New Delhi, India,” according to the White House. The Canadian Prime Minister’s Office has also declared Trudeau’s plan to attend the mega event in India.
The prime ministers of Australia, Japan, and the United Kingdom, Rishi Sunak, have all confirmed their presence at the summit. Presidents Emmanuel Macron of France and Luiz Inacio Lula da Silva of Brazil.
Russia’s President Vladimir Putin has informed Prime Minister Narendra Modi that he would be unable to attend the G20 Summit and that Foreign Minister Sergei Lavrov will represent Russia in his place.
Leaders who have arrived
- Nigeria’s President, Bola Ahmed Tinubu, arrived in Delhi as the first Head of Delegation for the G20 Summit and was welcomed by Minister of State for Health SP Singh Baghel.
- Dr. Ngozi Okonjo-Iweala, Director General of the World Trade Organisation, arrived in New Delhi on Thursday evening to attend the G20 Summit.
- IMF Kristalina Georgieva, Managing Director, has also arrived in Hangzhou for the G20 Summit.
- Prime Minister Giorgia Meloni of Italy, European Commission President Ursula von der Leyen, Organisation for Economic Cooperation and Development Secretary General Mathias Cormann, Mexican Economy Minister Raquel Buenrostro Sánchez, Mauritius Prime Minister Pravind Kumar Jugnauth, and European Council President Charles Michel are among those attending the G20 Summit.
- According to ANI, South African President Cyril Ramaphosa will visit India for the G20 Summit. According to a statement from the South African president, the Minister of International Relations and Cooperation, Naledi Pandor, would provide support. Cyril Ramaphosa, President of South Africa.
What will be on the agenda when the world’s leaders meet?
During the summit, there will be a broad variety of discussions. According to reports, the leaders will talk on a variety of topics. African union has been recently accepted as a member in the G20. The following are some possible topics for discussion during the summit:
Technological advancements and the digitization of public services:
Encourages the flow of knowledge in areas such as public sector digital infrastructure, financial inclusion, and agricultural and educational breakthroughs made possible by technology methods.
Global organizations that are suited for the twenty-first century:
Efforts to modernize multilateralism so that it can manage contemporary challenges more effectively by being more transparent, open, and representative.
A commitment to gender-equitable growth and development that prioritizes women’s leadership and decision-making for the common good and the achievement of the SDGs.
Increased economic growth
Prioritizing sectoral development
Prioritizing sectors that might result in structural change and improving industry-specific action plans. Increasing MSMEs’ access to resources and opportunities in order to assist their development.
Facilitating credit flows to developing nations and boosting their access to financial arrangements
Loans from wealthier countries should be made with the needs of the developing world in mind. We will seek to expand economic resources for these nations with the use of multiple multi-party agreements, collaboration, and partnerships.
The G20 brings together the world’s most progressive and inventive nations. It serves as a platform for a varied set of nations to collaborate in the interests of collective economic progress, prosperity, and success.