Made by:
Aikanshi Kochar
class 7
Overview
The G20 is an annual forum consisting of 19
countries and the EU, focusing on global economic
and financial issues. It aims to promote
cooperation, discuss policy, and address
challenges for economic stability, sustainable
development, and international collaboration.
Agenda 202
3
Green Development, Climate Finance &
Life
Accelerated, Inclusive & Resilient
Growth
Agenda Priorities Accelerating progress on SDGs
The G20 India has outlined six agenda priorities for
Technological Transformation & Digital
the year 2023, setting the stage for crucial
Public Infrastructure
discussions within the G20 dialogue.
Accelerated, Inclusive & Resilient
Growth
Accelerating progress on SDGs
About G20
The Group of Twenty (G20) serves as the primary
platform for fostering international economic
cooperation, wielding significant influence in shaping
and fortifying the global framework and governance
concerning critical international economic matters.
India, in its capacity as the current G20
Presidency, holds this esteemed position from
December 1, 2022, to November 30, 2023, with a
mandate to guide and facilitate discussions on key
global economic issues during its tenure.
Presidency
India assumed the presidency of the G20 on
December 1, 2022, following a formal handover
ceremony where the G20 Presidency gavel
transitioned from Indonesian President Joko
Widodo to Prime Minister Modi at the
conclusion of the Bali summit. Indonesia held the
G20 presidency in 2022. The G20 New Delhi Summit, scheduled
for the third quarter of 2023, will be
presided over by the Prime Minister of
India, Narendra Modi.
Where Will G20 Be
Held In India?
The 2023 G20 New Delhi summit, also known as the
18th meeting of the G20 (Group of Twenty), is on the
horizon and will convene at the Bharat Mandapam
International Exhibition-Convention Centre (IECC)
located within Pragati Maidan, New Delhi, in the year
2023.
Timeline Of G20
1999
The G20 is established in response to the Asian financial crisis, with finance
ministers and central bank governors from 19 countries and the European Union
participating.
2008
The G20 plays a crucial role in responding to the global financial crisis. The first
G20 Leaders' Summit is held in response to the crisis, where leaders commit to
coordinated efforts to stabilize the global economy.
2009
The London Summit results in the G20 leaders committing to a significant economic
stimulus package to address the global financial crisis and establish new financial
regulations.
2010
The G20 plays a crucial role in responding to the global financial crisis. The first
G20 Leaders' Summit is held in response to the crisis, where leaders commit to
coordinated efforts to stabilize the global economy.
2011
France hosts the G20 and prioritizes issues like international financial
regulation and food security.
2012
Mexico hosts the G20, focusing on issues such as job creation, growth, and
development.
2013
The G20 is established in response to the Asian financial crisis, with
finance ministers and central bank governors from 19 countries and
the European Union participating.
2014
Australia hosts the G20 and emphasizes economic resilience, infrastructure
development, and taxation issues.
2015
Turkey holds the G20 Presidency and addresses issues like trade, refugees, and
climate change.
2016
China hosts the G20, with a focus on structural reforms, innovation, and sustainable
development.
2017
Germany holds the G20 Presidency, addressing issues such as climate change,
global health, and digitalization.
2018
Argentina hosts the G20, focusing on issues like trade tensions, financial stability,
and sustainable development.
2019
Japan hosts the G20 and highlights issues such as the digital economy, trade
disputes, and climate change.
2020
Saudi Arabia hosts the G20, with a strong emphasis on addressing the global challenges
posed by the COVID-19 pandemic, including economic recovery and vaccine distribution.
2021
The G20 is established in response to the Asian financial crisis, with finance
ministers and central bank governors from 19 countries and the European Union
participating.
How G20 Works
The G20 Presidency directs the G20's annual agenda and hosts the
Summit. It operates through two key tracks: the Finance Track, led by
Finance Ministers and Central Bank Governors, and the Sherpa Track,
guided by personal emissaries of the Leaders. Working groups within
these tracks involve representatives from member ministries,
invited/guest nations, and international organizations, meeting regularly
during the Presidency term. Sherpas manage year-round negotiations,
shaping the Summit's agenda. Engagement Groups connect civil society,
parliamentarians, think tanks, women, youth, labor, businesses, and
researchers. The G20 operates without a permanent secretariat and is
supported by the Troika—past, present, and future Presidencies, e.g.,
Indonesia, India, and Brazil during India's Presidency.
G20 Members
The Group of Twenty (G20) consists of 19 individual countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea,
Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, and the United States, in addition to the European Union. Together, G20 member nations collectively
account for approximately 85% of the world's total Gross Domestic Product (GDP), over 75% of global trade, and represent about two-thirds of the global population.
Argentina Australia Argentina Canada China France
Germany India Indonesia Italy Italy Mexico
G20 Members
Republic of Russia Saudi South Türkiye United
Korea Arabia Africa Kingdom
United States of European Union
America
Invitees
Bangladesh Egypt Mauritius Netherlands Nigeria
Oman Singapore Spain UAE
Expected Participating Leaders
Central bank
Member Leader Finance portfolio Portfolio minister Central bank
governor
Argentina Alberto Fernández Minister of Economy Sergio Massa Central Bank of the Argentine Republic Miguel Ángel Pesce
Australia Anthony Albanese Treasurer Jim Chalmers Reserve Bank of Australia Philip Lowe
Brazil Luiz Inácio Lula da Silva Minister of Finance Fernando Haddad Central Bank of Brazil Roberto Campos Neto
Canada Justin Trudeau Minister of Finance Chrystia Freeland Bank of Canada Tiff Macklem
Xi Jinping
China Minister of Finance Liu Kun People's Bank of China Pan Gongsheng
Li Qiang
France Emmanuel Macron Minister of the Economy Bruno Le Maire Bank of France François Villeroy de Galhau
Germany Olaf Scholz Minister of Finance Christian Lindner Deutsche Bundesbank Joachim Nagel
India Narendra Modi Minister of Finance Nirmala Sitharaman Reserve Bank of India Shaktikanta Das
Indonesia Joko Widodo Minister of Finance Sri Mulyani Bank Indonesia Perry Warjiyo
Italy Giorgia Meloni Minister of Economy and Finance Giancarlo Giorgetti Bank of Italy Ignazio Visco
Japan Fumio Kishida Minister of Finance Shunichi Suzuki Bank of Japan Kazuo Ueda
Mexico Andrés Manuel López Obrador Secretary of Finance and Public Credit Rogelio Ramírez de la O Bank of Mexico Victoria Rodríguez Ceja
Russian Federation Vladimir Putin Minister of Finance Anton Siluanov Bank of Russia Elvira Nabiullina
Saudi Arabia Salman bin Abdulaziz Al Saud Minister of Finance Mohammed Al-Jadaan Saudi Central Bank Fahad Almubarak
South Africa Cyril Ramaphosa Minister of Finance Enoch Godongwana South African Reserve Bank Lesetja Kganyago
South Korea Yoon Suk-yeol Minister of Economy and Finance Choo Kyung-ho Bank of Korea Rhee Chang-yong
Turkey Recep Tayyip Erdoğan Minister of Treasury and Finance Mehmet Şimşek Central Bank of the Republic of Turkey Hafize Gaye Erkan
United Kingdom Rishi Sunak Chancellor of the Exchequer Jeremy Hunt Bank of England Andrew Bailey
United States Joe Biden Secretary of the Treasury Janet Yellen Federal Reserve Jerome Powell
Charles Michel and
European Union Commissioner for Economy Paolo Gentiloni European Central Bank Christine Lagarde
Ursula von der Leyen
01. When Did The G20 Come Into Being? Why?
The Soviet Union's fall in 1991 ended the Cold
War. Emerging economies like Brazil, China, and
India highlighted the need for global governance
reform. The G20, initially the G22, formed in
1999 as an informal forum for Finance Ministers
and Central Bank Governors to address global
economic issues.
02. How Is The G20 Presidency
Determined?
The G20 presidency is rotated among its members who (except the EU) are divided into 5 groups.
Group 1 Group 2 Group 3 Group 4 Group 5
Australia India Argentina France China
Canada Russia Brazil Germany Indonesia
Saudi Arabia South Africa Mexico Italy Japan
USA Türkiye UK South Korea
Conclusion
the G20, comprising major economies and the European Union,
serves as a critical forum for addressing global economic
challenges and fostering international cooperation. Its Finance
and Sherpa Tracks, along with Engagement Groups, facilitate
discussions on a wide range of issues, from finance and trade
to socio-economic concerns. Guest countries, international
organizations, and regional organizations broaden its reach and
impact. The G20's role in shaping global governance and
addressing pressing global issues underscores its significance
in today's interconnected world.
