G20

         Topic : G20

   Author:- MONIDIPA NANDY , STUDENT OF SHYAMBAZAR LAW COLLEGE

 The G20, or Group of 20, is an intergovernmental forum comprising 19 countries and the European Union (EU) . It was founded in 1999 after the Asian financial crisis as a forum for the Finance Ministers and Central Bank Governors to discuss global economic and financial issues. The G20's prominent membership gives it a strong input on global policy despite lacking any formal ability to enforce rules. The G20 initially focused largely on broad macroeconomic issues, but it has since expanded its agenda to include trade, sustainable development, health, agriculture, energy, environment, climate change, and anti-corruption. The G20 Summit is held annually, under the leadership of a rotating Presidency. India holds the Presidency of the G20 from 1 December 2022 to 30 November 2023. The G20 brings together the world's major and systemically important economies, with its members representing 85% of global GDP, 75% of international trade, and two-thirds of the world's population.

   What countries are part of G20:-

 The G20 comprises 19 countries and the European Union (EU) The 19 countries are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, and the United States.

            

History of G20 what is the and how did it come to be:-

 The G20, or Group of 20, is an intergovernmental forum comprising 19 countries and the European Union (EU) . It was founded in 1999 after the Asian financial crisis as a forum for the Finance Ministers and Central Bank Governors to discuss global economic and financial issues. The G20's prominent membership gives it a strong input on global policy despite lacking any formal ability to enforce rules. The G20 initially focused largely on broad macroeconomic issues, but it has since expanded its agenda to include trade, sustainable development, health, agriculture, energy, environment, climate change, and anti-corruption. The G20 Summit is held annually, under the leadership of a rotating Presidency. India holds the Presidency of the G20 from 1 December 2022 to 30 November 2023. The G20 brings together the world's major and systemically important economies, with its members representing 85% of global GDP, 75% of international trade, and two-thirds of the world's population. 

 G20 summit 2023:- 

The 18th G20 Summit, also known as the 2023 G20 New Delhi summit, was held in Bharat Mandapam International Exhibition-Convention Centre, Pragati Maidan, New Delhi on September 9- 10, 2023. It was the first G20 summit held in India and in South Asia. The theme of the summit was "One Earth, One Family, One Future," which focused on the value of human, animal, plant, and microorganisms and their interconnectedness on planet Earth and in the wider universe. The Indian Presidency spotlighted Lifestyle for Environment (LiFE), with an emphasis on environmentally sustainable and responsible choices at both the individual lifestyle and the national development level, with the aim of achieving a cleaner, greener, and bluer future.The G20 leaders agreed to pursue tripling renewable energy capacity globally by 2030 and accepted the need to phase-down unabated coal power.The summit also adopted a G20 Leaders’ Declaration, stating Leaders’ commitment towards the priorities discussed and agreed upon during the respective ministerial and working group meetings. The Working Groups focused on various tracks such as agriculture, anti-corruption, culture, digital economy, disaster risk reduction, development, education, and