G20 Summit 2023 Schedule: Date, Theme, Location, Countries List, Leaders, Wiki & Highlights

The G20 Summit 2023 is an important meeting of leaders from around the world. During the G20 Summit 2023, representatives from 19 countries and the European Union will come together to discuss and make decisions about how to handle global financial matters.

G20 Summit 2023 Latest Updates

For the G20 leader’s summit scheduled is be held in New Delhi, all the Schools, Banks, and Offices are closed from September 8 to 10. The school authorities are instructed to conduct online classes, and the offices are advised to work from home.

The gates of some metro stations in Delhi will remain closed from September 8 to 10 due to security reasons. The traffic will be completely shut off at Moti Bagh, Bhikaji Cama Place, Munirka, RK Puram, IIT, and Sadar Bazar Cantonment metro stations. Passengers can neither enter nor exit these metro stations.

As per the latest updates, various leaders from all around the world, including Joe Biden and Rishi Sunak, came to India to attend the G20 Summit. The guest list for the G20 Summit includes the names of some prominent leaders from all around the world.

G20 Summit 2023 Date & Venue

On September 9–10, 2023, the Pragati Maidan in New Delhi will host the 18th meeting of the G20 Leaders of State and Government. All of the G20 meetings and gatherings of ministers, senior government officials, and members of civil society organizations that took place throughout the year will culminate in the summit.

A G20 Leaders’ Declaration outlining the commitment of the Leaders to the priorities discussed and decided during the corresponding ministerial and working group meetings will be approved after the New Delhi Summit.

What is G20?

On September 26, 1999, A G20 group of 19 countries and the EU (European Union) was established. The reason they came together was to talk about important money matters that affect the whole world. These countries in the G20 were really big and powerful, making up almost two-thirds of all the people on Earth, doing about 75% of the world’s trade, and producing around 85% of the money we use globally.

The Group of Twenty (G20) is the perfect backdrop for business cooperation on a global scale. On all significant international economic issues, it plays a significant part in forming and strengthening global architecture and governance.

G20 Presidency Rotation

The presidency of G20 rotates among the member nations. India is the president of the G20 Summit 2023 & 2022. India took the G20 presidency from Indonesia on December 1, 2022, and the presidency will remain in India until November 30, 2023.

G20 Presidency After India

Three countries are responsible for successfully running the G20 agenda: the past president, the current president, and the future president. After Indonesia, India is the current president of the G20, which will pass to Brazil. Remember- Indonesia–>India–>Brazil

What is the Purpose of the G20

The G20 initially focused largely on broad macroeconomic issues, but it has since expanded its agenda to, inter alia, include trade, sustainable development, health, agriculture, energy, the environment, climate change, and anti-corruption.

• To promote financial regulations that reduce risks and prevent future financial crises.
• To establish a new global financial architecture. 
• Policy coordination among its members to achieve global economic stability and sustainable growth.

G20 Summit 2023 Schedule

Here’s the complete schedule for all the G20 meetings that are planned to be held during India’s presidency of G2O.

Member Countries List of G20

The G20 comprises 19 countries Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the UK, USA, and the European Union (EU).

G20 2023 Logo & Theme Meaning

The logo of G20 draws its inspiration from India’s national flag. Same as our tricolor, the logo of G20 also is a mixture of saffron, white, green, and blue. It juxtaposes planet Earth with the lotus, India’s national flower that reflects growth amid challenges.

The Earth reflects India’s pro-planet approach to life, one in perfect harmony with nature. Below the G20 logo is “Bharat”, written in the Devanagari script.

“Vasudhaiva Kutumbakam,” or “One Earth, One Family, One Future,” is the motto of India’s G20 Leadership. The overall message of the subject is that all life—human, animal, plant, and microorganism—is valuable and interconnected both on Earth and throughout the cosmos.

Why the G20 Presidency is Important for India

During India’s G20 presidency, it has plans to host around 200 meetings. India is the G20 president, which gives it some authority and power. One of them could be India, which can invite some of the countries that are not part of the G20 group.

Inviting the countries that are not part of the G20 will promote friendship between the countries and help improve relations between the G20 countries and the countries that are invited.

This year, India has sent special invitations to countries like Bangladesh, Mauritius, Singapore, Egypt, the Netherlands, Nigeria, Oman, and Spain.

G20 History

Before the G20, there was a group called the G7 (Group of 7), which still exists. It is an informal group of 7 Western countries, namely the United States, Britain, Canada, France, Germany, Italy, and Japan. Also, representatives from the European Union attended.

Earlier, Russia used to be a member of the G7, but in 2014, Russia was suspended because it annexed Crimea from Ukraine.

So the inspiration for G20 is G7. However the group of G7 only included developed countries or countries from the Western front. These countries only understood their economies and benefits. However, we live in a globalized world, and a problem that arises in one part of the world affects the rest of the world as well.

In 1997, South East Asia experienced a financial crisis that began in Thailand but spread throughout the Asian continent. Then, in 1999, the G20 came into existence as a forum for finance ministers and central bank governors to discuss global economic and financial issues.

How Does G20 Work

The G20 Presidency steers the G20 agenda for one year and hosts the Summit. The G20 consists of two parallel tracks: the Finance Track and the Sherpa Track. Finance Ministers and Central Bank Governors lead the Finance Track, while Sherpas lead the Sherpa Track.

Financial Track: The Financial Track is led by the Finance Ministers and Central Bank Governors of the member countries. The main focus of Financial Track is on points like:

• Financial regulatory reforms

• Tax information exchange
• Global economic growth
• Financial inclusion
• Fossil Fuel Subsidies
• Remittances across the world
• Green Finance
• Anti-terrorism Financing

Sherpa Track: Sherpa Track is coordinated by Sherpas of member countries, who are personal emissaries of the leaders. The Sherpa Track oversees inputs from 13 working groups and two initiatives. The Sherpa Track focuses on pointers like:

• Employment
• Agriculture and food security
• Anti-corruption measures
• Climate change
• Improvement in the healthcare sector
• United Nations’ sustainable development goals

G20 2023 Official Website – https://www.g20.org/en/

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