The year 2023 marks a significant milestone in the international diplomatic calendar as India prepares to host the G20 Leader’s Summit 2023 for the first time ever. The G20, or Group of Twenty, is a premier forum for global economic cooperation that brings together leaders from the world’s major economies to deliberate and collaborate on pressing global issues. The upcoming G20 New Delhi summit is poised to be an extraordinary event, not only for its host nation but also for the entire South Asian region. Set against the backdrop of the Bharat Mandapam International Exhibition-Convention Centre (IECC) in Pragati Maidan, New Delhi, this summit holds the promise of shaping a brighter and more sustainable future for the world.
Historical Context of G20
The G20 traces its origins back to the 1999 financial crisis when finance ministers and central bank governors from the world’s largest economies convened to discuss ways to stabilize the global financial system. Recognizing the need for a broader dialogue, the G20 Leaders’ Summit was established in 2008 to provide a platform for leaders to collectively address not just financial matters but also a wide range of global challenges. Over the years, the G20 has addressed issues like economic growth, trade, climate change, development, and more, making it a vital platform for international cooperation.
India’s Role as the Host of G20 Leader’s Summit 2023
In 2023, India proudly assumes the role of the host nation for the G20 summit, making it a historic occasion for both the nation and the entire South Asian region. The summit will take place at the Bharat Mandapam International Exhibition-Convention Centre (IECC) located in the iconic Pragati Maidan in New Delhi. This venue, known for its cultural significance and architectural marvel, will provide an ideal backdrop for leaders to engage in meaningful discussions aimed at shaping global policies.
Agenda for the G20 New Delhi Summit
The G20 New Delhi Summit is expected to address a broad spectrum of issues crucial to the global agenda.
The G20 India has put forth six comprehensive agenda priorities that underline the focal areas for dialogue, cooperation, and collective action among the world’s major economies. These priorities, which encompass a wide spectrum of global concerns, reflect India’s commitment to driving impactful change on a global scale.
- Green Development, Climate Finance & LiFE: As the world grapples with the consequences of climate change, this agenda seeks to bolster sustainable development by integrating climate-resilient practices, enhancing climate finance mechanisms, and advancing the concept of LiFE (Livelihoods, Food, Energy, and Environment). It highlights the urgency of addressing climate change while ensuring socio-economic growth and environmental protection.
- Accelerated, Inclusive & Resilient Growth: Economic growth that is not only rapid but also inclusive and resilient is essential to ensure shared prosperity. This agenda emphasizes strategies to foster economic growth that benefits all segments of society, while also building resilience against shocks and disruptions.
- Accelerating Progress on SDGs: The Sustainable Development Goals (SDGs) are a global call to action to end poverty, protect the planet, and ensure prosperity for all. This agenda reflects the commitment to accelerating progress towards achieving these goals, underscoring the importance of coordinated efforts among G20 nations.
- Technological Transformation & Digital Public Infrastructure: In an era of rapid technological advancement, this agenda acknowledges the transformative potential of technology. It aims to explore ways to harness technology for public benefit, foster digital inclusivity, and shape policies that ensure responsible and secure use of digital resources.
- Multilateral Institutions for the 21st Century: With the global landscape evolving at an unprecedented pace, this agenda tackles the imperative of modernizing and enhancing multilateral institutions. It reflects the G20’s recognition of the need for institutions that are agile, effective, and equipped to address emerging challenges.
- Women-led Development: Gender equality is not just a human right but also a key driver of economic growth and social progress. This agenda emphasizes the importance of empowering women in all spheres of life and acknowledges their role in sustainable development.
Gathering of Global Leaders and Organizations
The G20 New Delhi Summit of 2023 is not only a historic event for India and the South Asian region, but also a gathering of world leaders and international organizations that play a pivotal role in shaping global policies and addressing pressing issues. With a diverse array of participants, including leaders from G20 nations, invited guests, and representatives from international organizations, the summit promises to be a platform for robust discussions, cooperative initiatives, and meaningful collaborations.
Global Leaders at the Summit
The G20 New Delhi Summit boasts an impressive lineup of leaders from the world’s major economies, each representing their nation’s interests and contributing to the collective dialogue on global challenges. Among the expected participants are:
- Argentina: Alberto Fernández, President
- Australia: Anthony Albanese, Prime Minister
- Brazil: Luiz Inácio Lula da Silva, President
- Canada: Justin Trudeau, Prime Minister
- China: Xi Jinping, President
- France: Emmanuel Macron, President
- Germany: Olaf Scholz, Chancellor
- India: Narendra Modi, Prime Minister (Host)
- Indonesia: Joko Widodo, President and 2023 Chairperson of ASEAN
- Italy: Giorgia Meloni, Prime Minister and host of the 50th G7 summit
- Japan: Fumio Kishida, Prime Minister and host of the 49th G7 summit
- Mexico: Andrés Manuel López Obrador, President
- South Korea: Yoon Suk-yeol, President
- Russia: Vladimir Putin, President
- Saudi Arabia: Mohammed bin Salman, Crown Prince and Prime Minister
- South Africa: Cyril Ramaphosa, President
- Turkey: Recep Tayyip Erdoğan, President
- United Kingdom: Rishi Sunak, Prime Minister
- United States: Joe Biden, President
- European Union: Ursula von der Leyen, President of the European Commission
- European Union: Charles Michel, President of the European Council
Invited Guests: The summit also extends its reach beyond the G20 nations by inviting distinguished guests who hold significant regional and international roles. The invited guests include leaders from nations and organizations such as:
- Bangladesh: Sheikh Hasina, Prime Minister
- Comoros: Azali Assoumani, President and 2023 Chairperson of the African Union
- Egypt: Abdel Fattah el-Sisi, President and 2023 Chairperson of NEPAD
- Mauritius: Pravind Jugnauth, Prime Minister
- Netherlands: Mark Rutte, Prime Minister
- Nigeria: Bola Tinubu, President
- Oman: Haitham bin Tariq, Sultan
- Singapore: Lee Hsien Loong, Prime Minister
- Spain: Pedro Sánchez, Prime Minister (Permanent guest invitee)
- United Arab Emirates: Mohamed bin Zayed Al Nahyan, President
Participating International Organizations: The G20 New Delhi Summit is enriched by the presence of influential international organizations that contribute expertise and insights to the discussions. These organizations and their representatives include:
- Asian Development Bank: Masatsugu Asakawa, President
- Coalition for Disaster Resilient Infrastructure: Amit Prothi, Director General
- Financial Stability Board: Klaas Knot, Chair
- International Monetary Fund: Kristalina Georgieva, Managing Director
- International Labour Organization: Gilbert Houngbo, Director-General
- International Solar Alliance: Ajay Mathur, Director-General
- Organisation for Economic Co-operation and Development: Mathias Cormann, Secretary General
- United Nations: António Guterres, Secretary-General
- World Bank: Ajay Banga, President
- World Health Organization: Tedros Adhanom Ghebreyesus, Director-General
- World Trade Organization: Ngozi Okonjo-Iweala, Director-General
The G20 New Delhi Summit of 2023 represents a convergence of global leadership, expertise, and perspectives. With participation from G20 leaders, invited guests, and international organizations, the summit holds the promise of addressing a wide range of global challenges and opportunities. As these diverse stakeholders come together under one roof, the world watches with anticipation, hopeful that the outcomes of the summit will pave the way for a more equitable, sustainable, and interconnected future.
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