India is hosting the G 20 Summit 2023 in New Delhi. The G20 Summit is a yearly meeting where leaders from the world’s biggest economies gather to discuss critical global issues. It started in 1999 and brings together leaders from 19 countries and the European Union. They discuss and try to solve big problems that affect the whole world.
Purposes of G20 Summit
Making the World’s Economy Stronger
The G20 Summit is a meeting of the 20 biggest economies of the world. It aims to help the global economy stay stable and grow in a sustainable way. The G20 countries make up about 85% of the world’s money, so they have a lot of power to solve economic problems. Leaders at the G20 Summit talk about things like money policies, trade deals, and rules for banks. These talks are crucial for preventing big money crises and making sure everyone has a chance to do well
Dealing with Climate Change
The G20 Summit is a forum for world leaders to discuss climate change and agree on plans to address it. The summit has been instrumental in the development of the Paris Agreement and has set goals to reduce pollution and make cleaner energy.
Global Health and How We Handle Pandemics
The G20 Summit helps countries cooperate during pandemics by coordinating their responses and reminding them to be prepared for future health emergencies. The summit has helped countries to coordinate their responses to the COVID-19 pandemic, including vaccine distribution, healthcare infrastructure, and economic support for affected nations
Trade and New Ideas
The G20 Summit is a forum where world leaders can discuss and agree on plans to promote fair and open trade. The summit has helped to reduce trade barriers and promote the flow of goods and services between countries. The summit has also helped to promote the development of new technologies and ideas that can benefit the global economy.
Sharing Ideas and Getting Along
The G 20 Summit is a forum where world leaders can discuss and agree on plans to address global challenges. The summit also provides an opportunity for leaders to get to know each other better and build relationships. This can lead to working together on other important problems, not just those related to money.
G 20 Summit 2023 New Delhi India
The 18th G 20 Summit 2023 in New Delhi marks the conclusion of a year-long series of G20 discussions and gatherings involving leaders, high-ranking officials, and representatives from various countries. These discussions covered significant topics. At the summit’s conclusion, the leaders will endorse a declaration signifying their commitment to address the key issues discussed throughout the year.
Logo & Theme of G 20 Summit 2023
India’s G20 logo has colors like its flag and shows the Earth and a lotus, which means growth. The theme, “One Earth · One Family · One Future,” says we should care for all life and make eco-friendly choices. India wants fair and good growth for the world and is starting a 25-year plan to become a better and more inclusive society.
Member Countries of G20 Summit
The members of the G20 summit are the United States of America, the United Kingdom, China, Russia, Mexico, India, Argentina, Indonesia, Italy, Brazil, Canada, France, Germany, Japan, the Republic of Korea, Saudi Arabia, Turkey, South Africa, Australia, and The European Union.
Special Invitees of G 20 Summit 2023
Invited guests were Bangladesh Prime Minister Sheikh Hasina, Egypt President Abdel Fattah el-Sisi, Mauritius Prime Minister Pravind Jugnauth, Netherlands Prime Minister Mark Rutte, Nigeria President Bola Tinubu, Oman Deputy Prime Minister Asa’ad bin Tariq, Singapore Prime Minister Lee Hsien Loong, Spain Nadia Deputy Prime Minister Calviño, United Arab Emirates President Mohamed bin Zayed Al Nahyan,
G 20 Summit Hosting Plan
In 2023 India the largest democracy in the world hosted the G-20 summit and in 2024 Brazil will host the G-20. In 2025 South Africa will host the Summit and then in 2026, the United States of America is going to host the G-20 Summit.
President Biden’s Achievements at the G20 Summit in New Delhi
As per the fact sheet issued by the White House regarding the G 20 Summit 2023. At the G20 Summit in New Delhi, President Biden continued his efforts to restore the United States’ global leadership, strengthen relationships with other countries, and promote an economic agenda that benefits American families and families worldwide. Here are the key highlights of what was accomplished:
Delivering for Developing Countries:
Commitment to implement the G 20 Summit 2023 Action Plan to Accelerate the Sustainable Development Goals (SDGs). Support for global development priorities, including inclusive growth, infrastructure, education, health, and food security. Mobilization of significant additional financing for development from various sources, including public and private, domestic, and international.
Strengthening Multilateral Development Banks:
Efforts to reshape multilateral development banks to address modern challenges.
Pledge to unlock over $25 billion in World Bank Group concessional financing.
Collective mobilization of more resources to enhance the World Bank’s capacity to assist low- and middle-income countries.
Supporting Economically Troubled Countries
Calls for meaningful debt relief for low- and middle-income countries facing economic crises.
Commitment to resolving ongoing debt distress cases. Encouragement for the private sector and multilateral development banks to offer climate-resilient debt clauses.
Infrastructure and Economic Corridors:
Announcement of the India-Middle East-Europe Economic Corridor to enhance global connectivity and trade. Encouragement for public-private partnerships to secure 21st-century energy supply chains, digital connectivity, electricity access, food security, and health systems.
Peace in Ukraine
Efforts to achieve a just peace in Ukraine based on sovereignty and territorial integrity. Emphasis on refraining from the threat or use of force for territorial acquisition. Recognition of the human suffering and economic impacts of the war against Ukraine.
Commitment to mitigate acute food crises and build more resilient food systems.
Pledges to keep food supply chains open, adopt climate-smart agricultural practices, invest in infrastructure, and promote agricultural research and innovation.
Global Health Challenges:
Investment in health equity, vaccine distribution, and access to quality health services.
Strengthening health systems and institutions. Addressing the overdose crisis and synthetic drugs as a G 20 summit 2023 priority.
Commitment to triple global renewable energy capacity by 2030. Acknowledgment of the need to peak global emissions by 2025 and reduce greenhouse gas emissions. Encouragement for countries to incorporate economy-wide targets for greenhouse gas reduction in their Nationally Determined Contributions.
Global Biofuels Alliance
Launch of the Global Biofuels Alliance to expand markets for sustainable biofuels.
Inclusive Digital Transformation
- Commitment to responsible AI development.
- Pledge to halve the digital gender gap by 2030.
- Efforts to improve access to digital services and promote sustainable, inclusive growth.
President Biden’s participation in the G 20 Summit 2023 underscored his commitment to addressing global challenges and working with international partners to create a more equitable and sustainable future for all.