Prime Minister, Shri Narendra Modi, participated in the 15th G20 Summit convened by Saudi Arabia in virtual format, on 21-22 November, 2020.
- The agenda of the second day of the G 20 summit focused a session on building an inclusive, sustainable and resilient future and a side event on safeguarding the planet.
- Italy will tak over the G20 presidency in 2021. It was decided that the G20 Presidency will be held by Indonesia in 2022, India in 2023 and Brazil in 2024.
G20 Leaders’ Declaration
- At the end of the Summit, a G20 Leaders’ Declaration was issued which called for coordinated global action, solidarity, and multilateral cooperation to overcome the current challenges and realize opportunities of the 21st century for all by empowering people, safeguarding the planet, and shaping new frontiers.
About G-20
- Originated in 1999 at the level of Finance Ministers and Central Bank Governors, the G20 gathered for high-level discussions on macro-financial issues.
- The first G20 Leaders’ Summit took place in Washington D.C. in November 2008. Consequently, the G20 agenda expanded beyond macro-financial issues, to include socio-economic and development issues.
- The Group of Twenty, or the G20, is the premier forum for international economic cooperation.
- The G20 brings together the leaders of both developed and developing countries from every continent.
- Collectively, G20 members represent around 80% of the world’s economic output, two-thirds of global population and three-quarters of international trade.
