G-20 Summit

#GS 02 International Relations

For Prelims

G-20

• G20 is a global strategic platform that aims to bring together the world’s biggest industrialised and emerging economies.
• It has the critical role of ensuring global economic growth and prosperity now and in the future.
• The G20 countries together account for more than 60% of the world’s population, 75% of international trade, and 80% of global GDP.
• The forum began in 1999 as a meeting of finance ministers and central bank governors, and has since grown into a yearly summit of heads of states.
• Each country in the G20 is represented by its Sherpa, who plans, guides, implements, etc. on behalf of the leader of their respective country.
• India Holds the presidency of G 20 from December 1, 2022 to November 30, 2023.
• The presidency of the G20 rotates every year among its members.
• The country that holds the presidency working together with its predecessor and successor to ensure the continuity of the agenda in a grouping known as Troika.
• Currently Indonesia, India, and Brazil are the Troika countries.

Members of G 20

From Asia

• China, India, Indonesia, Japan, Republic of Korea, Saudi Arabia.

From Africa

• South Africa

From Europe

• France, Germany, Italy, Russia, Turkey, the United Kingdom, European Union.

From North America

• Canada, Mexico, United States.

From South America

• Argentina, Brazil.

From Oceania

• Australia

Source “2023 is a significant year, Delhi Police must stay alert for G-20 summit: Shah“