THE GROUP OF 20

GROUP PROJECT

By : Vaishnavi Singh.
Sudipta Singh.
Rishita Sharma.
Wanshika Singh.
CONTENT 1
 2

INTRODUCTION
The group of twenty is an international forum that brings
together the world's 20 industrialised and emerging
countries. It was created in 1999 as an expansion of G-8. It
is a forum for member nations to discuss key economic and
financial issues related to the global economy. The G-20
aims to discuss policy pertaining to the promotion of
international financial stability so as to promote global
economic growth, international trade and financial market.
 3
HISTORY OF G-20
The G20 group of 19 countries and the EU was
established in 1999 as a platform for Finance
Ministers and Central Bank Governors to
discuss international economic and financial
issues. Together, the G20 countries account
for almost two-thirds of the global
population, 75% of global trade, and 85% of
the world's GDP. In the wake of the global
financial and economic crisis of 2007, the G20
was elevated to the level of Heads of
State/Government and was named the
"premier forum for international economic
cooperation.
 MEMBER COUNTRIES 4

The G20 membership comprises a mix of the world's largest advanced and emerging economies, representing about two-thirds of
the world's population, 85 per cent of global gross domestic product and over 75 per cent of global trade.

The members of G20 are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of
Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States and the European Union.
 ORGANISATION 5

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.
 OBJECTIVES
PROMOTE INTERNATIONAL
FINANCIAL STABILITY
By enhancing global financial
By encouraging policies that promote
system resilience, implementing
regulatory reforms to reduce
banking and finance risks, and
fostering cooperation among
member countries' financial
authorities to prevent future
crises and ensure overall
economic stability of member
countries.
FOSTER SUSTAINABLE ECONOMIC
GROWTH
inclusive development, innovation,
and infrastructure investment. It
enhances global. trade and
investment. By focussing on these
area, G20 seeks to improve
productivity, create jobs' reduce
inequalities, and raise living
standards across member countries
and globally
6
ADDRESS GLOBAL
CHALLENGES
By coordinating international
efforts on climate change,
promoting sustainable
environmental practices, and
improving global health
systems. It also supports
sustainable development goals
and poverty reduction,
assisting developing countries
in achieving economic
progress.
KEY ISSUES ADDRESSED AT 9
G-20
 ECONOMIC IMpACT
•Global Economic Stability: G20 summits often address global economic challenges and uncertainties,
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promoting policies that enhance stability and growth.

•Policy Coordination: Member countries coordinate economic policies to mitigate risks and foster
sustainable growth, including fiscal and monetary policies.

•Trade and Investment: Discussions focus on promoting open and fair trade practices,

reducing trade barriers, and encouraging foreign direct investment.

•Financial Regulation: Agreements on international financial regulations and reforms to strengthen

financial systems and prevent future crises.

•Infrastructure Investment: Commitments to infrastructure development, including funding

projects that support economic growth, connectivity, and sustainable development. •Job Creation and
Employment: Initiatives to stimulate job creation, reduce unemployment rates,

and promote inclusive economic growth.

•Digital Economy: Policies to harness the potential of digital technologies for economic development,
including digital infrastructure and cybersecurity measures.
 MAJOR ACHIEVEMENTS 11

Crisis Management and Financial Stability Global Economic Governance

G20 played a crucial role in coordinating the global response to Inclusion of emerging economies in discussions, leading to more
the 2008 financial crisis, and established the Financial Stability inclusive and representative decision-making processes
Board.

Climate Change Initiatives

Trade and Investment
The G20 has advanced international climate action by promoting
at ed inte rnat iona l trad e an d investment commitments to reduce emissions and support the implementation
The G20 has facilit
g po lic ies th at re duce ba rriers , enhance fair of the Paris Agreement, fostering global environmental
by promotin sustainability.
tition, and im prov e glob al ec onomic integration.
compe

COVID 19 Response Infrastructure Investment

The G20 has encouraged global investments in infrastructure

G20 played a pivotal role in coordinating global efforts
projects, enhancing productivity, connectivity, and economic
to manage the health crisis, support economic recovery, growth.
and ensure equitable access to vaccines
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CHALLENGES CRITISISM
⁠✿⁠Reaching Consensus ✿⁠Lack of Inclusivity

✿⁠ Implementation of Agreements ✿⁠Ineffective Implementation

✿Global Economic Inequalities ✿⁠Dominance of Major Economies

✿⁠Climate Action
⁠✿⁠Limited Transparency
✿⁠Health Crises
⁠✿⁠Environmental Concerns
✿⁠Financial Regulations
✿⁠Social Inequality
⁠✿⁠Trade Disputes
✿⁠Slow Response to Crises
⁠✿⁠Digitall Economy
✿⁠Geopoliticall Conflicts
✿⁠Geopolitical Tensions
✿⁠Economicc Focus
✿Public Trust
⁠✿⁠Bureaucracy
 G-20
2023
CASE STUDY 13

DELHI, INDIA
 HIGHLIGHTS
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1. Focus on Sustainable Development India emphasized the importance of sustainable development goals, particularly addressing climate
change and promoting renewable energy.

2.Climate Action: Discussions centred around global cooperation to reduce carbon emissions, set ambitious climate targets, and enhance
resilience to climate impacts.

3.Renewable Energy. Emphasis on investments and policies supporting renewable energy sources as a key solution to mitigate climate
change and achieve energy security.

4.Inclusive Growth: Discussions on inclusive economic growth, with a focus on reducing inequalities and addressing economic disparities

within and between countries. 5.Global Economic Challenges: Addressing challenges posed by the

evolving global economic landscape, including trade tensions, technological disruptions, and the need for economic reforms.

6.Health and Education: Commitment to enhancing global health systems and promoting quality education as foundations for sustainable
development and inclusive growth.
THANK YOU