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When Will Be G20 Summit 2022 End in Bali? What Are The Goals To Achieve?

G20 Summit 2022: The G20 Bali Summit 2022 is the Group of Twenty’s (G20) seventeenth meeting, which will take place in Bali, Indonesia in 2022. The presidency of Indonesia began on December 1, 2021, and will end in the fourth quarter of 2022.

At the end of the Rome summit, the G20 Presidency Gavel was passed from Italian Prime Minister Mario Draghi to Indonesian President Joko Widodo in a private ceremony.

In October 2022, the 17th Group of 20 (G20) Heads of State and Government Summit will be held in Bali, Indonesia. The G20 in 2022 will be held under the Indonesian presidency, with the theme “Recover Together, Recover Stronger.”

What is G20 Summit?

G20 Summit 2022

The G20 is a global strategic platform that brings together the world’s biggest industrialized and emerging economies. The G20 has a critical role in ensuring global economic growth and prosperity in the future. The G20 countries collectively account for more than 80% of global GDP, 75% of international trade, and 60% of the world’s population.

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The G20 began in 1999 as a gathering of finance ministers and central bank governors and has since grown into a yearly summit attended by the heads of state and government. In addition, during the year, Sherpa meetings (charged with carrying out talks and achieving consensus among Leaders), working groups, and special events are held.

Members of G20 Summit

The G20 consists of 19 countries as well as the European Union. Argentina, Australia, Brazil, Canada, China, Germany, France, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, and the United States are among the 19 countries.

Each year, the Presidency invites a group of guest countries to participate fully in the G20 summit. Several international and regional organizations also participate, broadening the scope of the meeting.

The G20 summit in Bali, Indonesia in 2022 Planned to Achieve The Following Goals

G20 Summit 2022

The Leaders’ Summit is the culmination of the G20 process and the year-long work of Ministerial Meetings, Working Groups, and Engagement Groups.

Recognizing the impact of the COVID-19 pandemic on all aspects of society and the inability of many countries to respond to the issue.

The Indonesian Presidency will focus on three primary pillars for its G20 2022 Presidency

  • Digital transformation
  • Global health architecture
  • Sustainable energy transition

Indonesia intends to maintain its leadership in ensuring equitable access to COVID-19 vaccinations, supporting sustainable and inclusive economic development through the engagement of micro, small, and medium-sized firms, and the digital economy through these pillars.

Promoting national economic resilience and efforts to recover from the COVID-19 pandemic; promoting Indonesia’s reform and democracy achievements; promoting Indonesia’s leadership and commitment to global issues; promoting culture, tourism, and creative industries; and optimizing other national interests.

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Changes in the White House

Indonesia will hold the presidency in 2023, followed by India in 2022. However, Indonesia requested that the Government of India transfer presidencies due to Indonesia’s leadership of ASEAN, an important regional body, in 2023. As a result of India’s agreement, Indonesia will have the presidency in 2022.

G20 Summit 2022

Russia’s Invasion of Ukraine

Following Russia’s invasion of Ukraine, some countries demanded that Russian President Vladimir Putin be barred from participating in the G20. Poland’s economic development minister, Piotr Nowak, stated in March 2022 that he had offered a plan to remove Russia from discussions with the US, which US President Joe Biden later expressed support for.

Wang Wenbin, a spokesperson for China’s Ministry of Foreign Affairs, dismissed these claims, claiming that no member has the authority to expel another member. The organization should “re-evaluate” Russia’s involvement, according to Canadian Prime Minister Justin Trudeau.

The Indonesian administration is working hard to keep the Russian invasion of Ukraine off the agenda of the gathering. Foreign Minister Retno Marsudi stated that his administration will consider the views and recommendations of other members, but that the summit’s focus would be on the pandemic and economic recovery.

Janet Yellen, the US Secretary of the Treasury, announced in April 2022 that she will not attend any sessions at the Bali Summit that feature Russian participants.

Several finance officials, including Yellen, President of the European Central Bank Christine Lagarde, Canadian Deputy Prime Minister Chrystia Freeland, and Ukrainian Finance Minister Serhiy Marchenko, walked out of the 2nd Finance Ministers and Central Bank Governor Meeting a few weeks later when a Russian delegate began to speak.

Freeland announced at a press conference a few days later that Canada wanted Russia removed from the G20 and that Canadian delegates would not attend discussions with Russia.

The removal of Russia was a major issue of discussion among the delegates at the meetings, she added, albeit there was no unanimous agreement that Russia should be removed. President of Indonesia, Joko Widodo, later invited President of Ukraine, Volodymyr Zelenskyy, to the summit, and Putin confirmed his attendance in a phone call with Widodo.

G20 Agendas of Indonesian Engagement Groups

G20 Indonesia has established ten Engagement Groups to help various independent stakeholders create suggestions and provide non-binding policy recommendations to the G20 Leaders. There will be various agendas at this event, including:

  • Business of Twenty (B20)
  • Science of Twenty (S20)
  • Labor of Twenty (L20)
  • Parliament of Twenty (P20)
  • Civil of Twenty (C20)
  • Think of Twenty (T20)
  • Youth of Twenty (Y20)
  • Woman of Twenty (W20)
  • Urban of Twenty (U20)
  • Supreme Audit Institution of Twenty (SAI20)

How G20 Summit Works Every Year

The G20 presidency rotates every year among its members, with the country in charge working with its predecessor and successor, often known as the Troika, to maintain the agenda’s continuity. The Troika countries are currently Italy, Indonesia, and India.

There is no permanent secretariat for the G20. G20 leaders‘ personal representatives, known as sherpas, along with finance ministers and central bank governors, coordinate the agenda and activities.

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The communiqué, prepared from the chosen proposals and deliverables from ministerial meetings and other workstreams, is the apex of the G20‘s work in each cycle, conveying members’ commitments and vision for the future.

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