From November 15, the G20 will be held in Bali, Indonesia. Already, many leaders have landed in the Indonesian city, including Emmanuel Macron who arrived on Monday morning. Largely absent from the meeting, however: Vladimir Putin, who claimed that his agenda was too tight and who will be represented by his Foreign Minister Sergei Lavrov. This will not prevent China and India from being scrutinized by the West for continuing to refuse to condemn the Russian offensive.
Facilitate economic cooperation
On the program of this G20, therefore, are strong issues that many nations are waiting for. Every year, the “group of twenty”, or the twenty richest countries on the planet, have met since the creation of the intergovernmental forum in 1999. Each nation is represented by its head of state or government, and ministers can also accompany the delegation.
At the discussion table, the members of the G7, the group of seven: France, Germany, Italy, Japan, England, the United States and Canada. They are accompanied by other great powers such as China, India, Brazil or even Russia and South Africa which form the famous “Brics”. Finally, Australia, Argentina, Mexico, Saudi Arabia, Turkey, South Korea and Indonesia complete the forum. In all, 19 countries and the European Union meet. Between them, they represent 80% of the world’s GDP, 75% of international trade and two-thirds of the inhabitants of the planet.
From its creation, the G20 aimed to facilitate dialogue and economic consultation to combat crises. Each year, the group establishes a shared diagnosis of the world economic situation in order to propose a global strategy and coordinate the efforts of each nation and other international organizations such as the IMF or the World Bank, for example. This year, it is Joko Widodo, the Indonesian head of state who is chairing the summit. A first for the Asian country. Next year, it will be India’s turn to chair the summit, 21 years after its last presidency.