India’s G20 Presidency – The Financial Transcript

Among the many individuals are the European Union and a number of other of the world’s main economies. The G20 is made up of Argentina, Australia, Brazil, Canada, China, the EU, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the UK, and america. In line with a MEA India paper, these international locations at the moment “account for greater than 80% of world GDP, 75% of world commerce, and 60% of world inhabitants.”

In line with the Council on Overseas Relations (CFR), the important thing targets of the G20 embody coverage dialogue and collaboration on international financial and monetary challenges. Nonetheless, over time, the assembly’s aims have expanded to incorporate international terrorism, well being, and sustainable improvement.

The G20 management rotates yearly, with the President nation figuring out the agenda of the annual summit. Non-members such because the Worldwide Financial Fund (IMF), World Financial institution, United Nations (UN), and World Commerce Group (WTO), amongst others, attend G20 conferences frequently. The Troika, which incorporates previous, current, and future presidents — this yr, Indonesia, India, and Brazil — is in control of planning.