The G20 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 members represent around 85% of the global GDP, over 75% of the global trade, and about two-thirds of the world population. The Group of Twenty (G20) is an intergovernmental forum comprising 19 countries - Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom and United States and the European Union.
A nation deeply committed to democracy and multilateralism, India's G20 Presidency would be a watershed moment in her history as it seeks to play an important role by finding pragmatic global solutions for the wellbeing of all, and in doing so, manifest the true spirit of 'Vasudhaiva Kutumbakam' or the 'World is One Family'. The delegates will enjoy cultural events that give them a unique India experience, go for a Gateway of India walk and also an excursion to Kanheri Caves on the last day.Īlso read https: ///PressReleasePage.aspx?PRID=188014ĭecemis a red-letter day as India assumed the G20 Presidency from Indonesia and will convene the G20 Leaders' Summit for the first time in the country in 2023. In these meetings, sessions on Data For Development, Role of G-20 in Advancing the 2030 Agenda, Infusing New LiFE into Green Development and Accelerating Progress on the SDGs. The first DWG Meeting during India’s Presidency will be held in Mumbai from December 13 -16, 2022. These include G-20 Roadmap for Stronger Recovery and Resilience in DCs, Least Developed Countries (LDCs) and SIDs, the G- 20 principles to Scale up Blended Finance in DCs, the G-20 Ministerial Vision Statement: Multilateralism for Sustainable Development Goals( SDGs) Decade of Action and the 2022 G-20 Bali Update. The DWG held in the 3rd G-20 at Bali between August 10-12, 2022, concluded with the discussion and finalization of key G-20 agreements. The G-20 possesses the knowledge, expertise, financial resources required to reverse trajectories that have gone off track. The DWG is a platform for G-20 member countries to come together and prioritize multilateralism, share solutions that promote growth, remap development plans and achieve the Sustainable Development Goal’s targets (SDG). The DWG meetings aims to discuss developmental issues in Developing Countries (DC), Least Developed Countries (LD) and Island Countries (Small Island Developing States/SIDS). Hence our theme - 'One Earth, One Family, One Future'” – PM Narendra Modi “India's G20 Presidency will work to promote this universal sense of one-ness.
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