What is G20?

The G20 is an international forum that focuses on policy coordination in the economic and development fields. The G20 has a strategic position in determining the future of world economic growth. This is because collectively, the G20 members represent more than 80% of the world economy, 75% of international trade, and 60% of the world's population.

 

Who are the members of G20?

G20 members consist of 19 countries and 1 region, namely: Argentina, Australia, Brazil, Canada, People's Republic of China (PRC), France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, Africa South, Turkey, UK, USA and European Union.

 

G20 Presidency of Indonesia 2022

Indonesia will hold the G20 Presidency for the first time in 2022 as stipulated at the Riyadh Summit 2020 with the handover at the end of the Rome Summit (30-31 October 2021).

 

Theme of G20 Presidency of Indonesia 2022

"Recover Together, Recover Stronger"

Through this theme, Indonesia wants to invite the whole world to work hand in hand, support each other to recover together and grow stronger and more sustainable.

 

Logo of G20 Presidency of Indonesia 2022

This logo illustrates the determination of G20 Presidency of Indonesia to encourage the world's recovery, after two years the world has struggled to deal with the Covid19 pandemic. In this collective recovery process, G20 must be present inclusively, for the benefit of the world.

 

Pillars of G20 Presidency of Indonesia 2022

1. Strengthen the partnership environment.
2. Boost productivity.
3. Increase resilience and stability.
4. Ensure sustainable and inclusive growth.
5. Stronger global collective leadership.

 

Priority Issues for G20 Presidency of Indonesia 2022

G20 Presidency of Indonesia 2022 focuses on three priority sectors that are seen as key to a strong and sustainable recovery, namely:

1. Strengthening the global health architecture

   Reflecting on the ongoing pandemic, the global health architecture will be strengthened. Not only to cope with the current pandemic, but also to prepare the world to have better responsiveness and capacity in dealing with other health crises in the future.

2. Digital transformation

   Digital transformation is one of the main solutions in moving the economy during pandemic and has become a new source of economic growth. To that end, the Indonesian Presidency will focus on increasing digital skills and digital literacy to ensure digital transformation that is inclusive and enjoyed by all countries.

3. Energy transition

   To ensure a sustainable and green future and address climate change in a real way, the Indonesian Presidency is promoting the energy transition towards new and renewable energy by prioritizing energy security, accessibility and affordability.

 

What are the series of meetings of G20 Presidency of Indonesia 2022?

1. Summit

   The summit meeting was attended by all Heads of Government/States of G20 members.

2. Ministerial and Central Bank Governors Meeting

   The meeting attended by Ministers and Central Bank Governors to discuss substance on the Finance Track and meetings attended by Ministers or Ministerial Level Officials to discuss substance at the Sherpa Track.

3. Sherpa Level Meeting

   The meeting focused on broader issues such as political engagement, anti-corruption, development, trade, energy and climate change, gender equality, and others.

4. Deputy Level Meeting

   The meeting that was held with the involvement of deputies from G20 member countries with a discussion on the substance of the Sherpa Track and Finance Track.

5. Working Group Level Meeting

   The meeting held by Ministries/Agencies on the Sherpa Track and Finance Track.

6. Engagement Group Meeting

   The meeting involving representatives of state and/or non-government institutions in the series of G20 Presidency of Indonesia.

7. Side Events Program

   The program that aims to provide a more complete understanding to G20 members regarding the priority agenda of G20 Presidency of Indonesia.

8. Road to G20 Indonesia 2022 Program

   This series of programs aims to promote Indonesia as the holder of the G20 Presidency in 2022.

 

What are the benefits of the G20 Presidency for Indonesia 2022?

1. It is hoped that the G20 Presidency will have a direct impact on the Indonesian economy, through increasing the country's foreign exchange earnings from international delegates who will be present in Indonesia.
2. The G20 presidency is a momentum for Indonesia to gain world credibility or trust, in leading the global recovery by encouraging cooperation and initiating concrete results in the three priority sectors.
3. The G20 presidency is a momentum to show the world that “Indonesia is open for business”. There will be various showcases or events showing the progress of Indonesia's development, and the potential for investment in Indonesia.

 

source:
g20.org
kemenkeu.go.id
kemlu.go.id
bi.go.id
katadata.co.id