Recently, the 17th annual summit of G-20 under the theme ‘Recover
Together, Recover Stronger’ concluded with Indonesia handing over the G20
presidency to India for the year 2023.
Bali Joint Declaration
Promised to take coordinated action to address food security challenges;
applauded the Black Sea grains initiative.
Condemned the Ukraine war and stressed the need to uphold international
law.
Reaffirmed commitment to close the gap in energy access and eradicate
energy poverty.
Welcomed the establishment of the ‘Pandemic Fund’ Commitment to
strengthen global health governance.
Welcomed Crypto-Asset Reporting Framework; Call for inclusionary, open,
fair, and non-discriminatory digital economy.
About G20
G20 is a strategic multilateral platform aimed to secure global
financial stability.
It consists of 19 countries and the EU; the world's major developed and
emerging economies.
The G20 was formed in 1999 in the backdrop of the financial crisis of
the late 1990s.
It does not have any permanent secretariat.
Its presidency is supported by the Troika – term used for previous,
current and incoming presidency.
