How did India get the G20 Presidency, and who will get it next?
G20 Summit 2023: The Group of Twenty G20 grouping was formed in 1999 to act as a forum for international economic cooperation following the Asian financial crisis.
- Sep 7, 2023,
- Updated Sep 7, 2023 1:17 PM IST
India, that currently holds the Presidency, is preparing for the G20 Summit in full swing. The G20 Summit 2023, to be hosted on September 9-10, will be attended by many world leaders and dignitaries, including US President Joe Biden, French President Emmanuel Macron, UK Prime Minister Rishi Sunak, Canadian Prime Minister Justin Trudeau and more.
As evident, the G20 Presidency is a prestigious honour and responsibility. But how is the Presidency of G20 decided and how did India get the presidency?
To begin with, one must know that the Group of Twenty G20 grouping was formed in 1999 to act as a forum for international economic cooperation following the Asian financial crisis. It was a forum for finance ministers and central bank governors to discuss financial and economic issues.
In this, the role of the Presidency is to bring together the G20 agenda for the development of the global economy, in consultation with other members. India was given the Presidency on December 1, 2022 and India will continue to hold the presidency till November 30, 2023.
India, that currently holds the Presidency, is preparing for the G20 Summit in full swing. The G20 Summit 2023, to be hosted on September 9-10, will be attended by many world leaders and dignitaries, including US President Joe Biden, French President Emmanuel Macron, UK Prime Minister Rishi Sunak, Canadian Prime Minister Justin Trudeau and more.
As evident, the G20 Presidency is a prestigious honour and responsibility. But how is the Presidency of G20 decided and how did India get the presidency?
To begin with, one must know that the Group of Twenty G20 grouping was formed in 1999 to act as a forum for international economic cooperation following the Asian financial crisis. It was a forum for finance ministers and central bank governors to discuss financial and economic issues.
In this, the role of the Presidency is to bring together the G20 agenda for the development of the global economy, in consultation with other members. India was given the Presidency on December 1, 2022 and India will continue to hold the presidency till November 30, 2023.