The G20 or Group of 20 is an intergovernmental forum comprising 19 countries and the European Union (EU). It works to address major issues related to the global economy, such as international financial stability, climate change mitigation, and sustainable development. Here’s a quiz to know more about this international organization.
The 2020 summit was to be held in Saudi Arabia, but was instead held virtually on 21–22 November 2020 due to the COVID-19 pandemic under the presidency of Saudi Arabia.
The 18th G20 summit will happen in India in 2023.
G20 was established in 1999 to bring together finance ministers and central bank Governors of developed and developing countries.
The theme of India’s G20 Presidency – “One Earth-One Family-One Future” – is drawn from “Vasudhaiva Kutumbakam” a phrase from the ancient Sanskrit text of the Maha Upanishad.
The 2021 summit was held in Italy. The 2022 summit was held in Bali, Indonesia. India is the current chair and will host the 2023 summit. Brazil will host the 2024 summit.
The G20 was founded in 1999. Since 2008, it has convened at least once a year.
The G-20 2023 logo draws inspiration from the vibrant colours of India’s national flag – saffron, white and 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 G-20 logo is “Bharat”, written in the Devanagari script.
The first summit of the G20 was held in Washington in 2008.
The G20 operates without a permanent secretariat or staff. The group’s chair rotates annually among the members and is selected from a different regional grouping of countries. The incumbent chair establishes a temporary secretariat for the duration of its term, which coordinates the group’s work and organizes its meetings.