The G20, or Group of Twenty, is an worldwide discussion board comprising 19 nations and the European Union. Its individuals constitute round eighty in keeping with cent of the world`s monetary output and two-thirds of its population. The G20 became set up in 1999 with the intention of selling worldwide monetary balance and sustainable monetary growth.
The G20 holds annual summits in which leaders from member nations acquire to speak about worldwide monetary problems and make choices on guidelines and moves to be taken. The host united states for the summit rotates the various member nations every yr. India presently holds presidency of the G20.
The G20 member nations are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi, Arabia, South Africa, South Korea, Turkey, United Kingdom, and the United States.
In addition to an annual summit, the G20 additionally holds conferences during the yr at diverse levels, inclusive of finance ministers and valuable financial institution governors, sherpas (representatives of the leaders), and operating organizations on unique topics.
What is Sherpa Track?
The Sherpa Track is a G20 system in which high-stage authorities officials, referred to as Sherpas, from every member united states paintings collectively to put together for the G20 summit. During India`s presidency, thirteen Working Groups and a pair of Initiatives will meet to speak about priorities and offer hints for the summit. The Sherpa Track objectives to tell leaders` discussions and choices on the summit. The Sherpa Track makes a speciality of numerous essential problems, consisting of agriculture, anti-corruption, culture, virtual economy, catastrophe threat reduction, development, education, employment, surroundings and weather sustainability, strength transitions, health, alternate and investment.
What is Financial Track?
The G20 Finance Track addresses worldwide macroeconomic subjects via conferences related to finance ministers, valuable financial institution governors, their deputies, and diverse operating organizations. The Finance Track makes a speciality of numerous essential problems, consisting of Framework Working Group (FWG), International Financial Architecture (IFA), Infrastructure Working Group (IWG), Sustainable Finance Working Group (SFWG), Global Partnership for Financial Inclusion (GPFI), Joint Finance and Health Task Force, International Taxation agenda, Financial Sector problems.
Based at the G20 calendar, there are numerous occasions scheduled for March 2023. Take a look:
Sherpa Track
- From March 15th – 17th, 2023 – second education working group meeting will take place in Amritsar
- From 27th – 29th, 2023 – 2nd Environment and Climate working group meeting will take place in Gandhinagar
- From 28th – 30th, 2023 – 1st Trade & Investment working group meeting will take place in Mumbai
Finance Track
- March 20th, 2023 – 2nd Joint Finance-Health Task Force Meeting will be virtual
- From March 21st- 23rd, 2023 – 2nd Sustainable Finance Working Group Meeting will take place in Udaipur
- From March 24th- 25th, 2023 – 2nd Framework Working Group Meeting will take place in Chennai
- From March 28th- 29th, 2023 – 2nd Infrastructure Working Group Meeting will take place in Visakhapatnam
The April 2023 events are as follows:
Sherpa Track
- From March 30th- 01st April, 2023 – 21st Disaster Management Working Group Meeting will take place in Gandhinagar
- From April 01st-04th, 2023 – 2nd Tourism Working Group Meeting will take place in Siliguri/Darjeeling
- From April 02nd-04th, 2023 – 2nd Energy Working Group Meeting will take place in Gandhinagar
- From April 03rd-05th, 2023 – 2nd Employment Working Group Meeting will take place in Guwahati
- From April 06th-09th, 2023 – 2nd Development Working Group Meeting will take place in Kumarakom
- From April 17th-19th, 2023 – 2nd Digital Economy Working Group Meeting will take place in Hyderabad
- From April 17th-19th, 2023 – 2nd Health Working Group Meeting will take place in Goa
- From April 17th-19th, 2023 – Meeting of Agricultural chief Scientists will take place in Varanasi
- From April 24th-27th, 2023 – 3rd Education Working Group Meeting will take place in Bhubaneswar
Finance Track
- From April 12th- 13th, 2023 – 2nd Finance Ministers and Central Bank Governors Meeting will take place in Washington DC
Overall, these meetings and working group sessions aim to facilitate international cooperation and promote policies that support sustainable and inclusive economic growth.