The G20 Summit, an annual gathering of leaders from the world’s most influential nations. That is set to take place in New Delhi on September 9-10, 2023. As well as India concludes its year-long presidency. The summit will culminate with the adoption of the G20 Leaders’ declaration. Solidifying the commitment of participating nations to the priorities established throughout the year. In this article, we will delve into the details of the upcoming G20 Summit. Addition to the theme, the host country, the presidency process, the history of the first summit, and the confirmed attendees.
When and Where is the Summit?
This year’s G20 summit will be held at the newly constructed Bharat Mandapam. An expansive exhibition centre situated too near the iconic India Gate monument in the heart of New Delhi. However mark your calendars for September 9 and 10. As world leaders gather to discuss pressing global issues.
The Theme of G20 Summit 2023: Embracing Unity for a Sustainable Future
The theme for the Summit is “Vasudhaiva Kutumbakam — One Earth, One Family, One Future.” Inspired by the ancient Sanskrit text of the Maha Upanishad. This theme emphasizes the intrinsic value of all life forms. And highlights their interconnectedness on planet Earth and in the broader cosmos. It seeks to foster a sense of unity and global collaboration.
Moreover, the theme sheds light on “LiFE” (Lifestyle for Environment), promoting environmentally sustainable and responsible choices. At both the individual and national levels. It aims to drive global transformations towards a cleaner, greener, and more sustainable future.
Hosting the G20 Summit: India Takes the Center Stage
India assumes the role of host for the Summit, a significant responsibility that comes with shaping the group’s agenda for the year. The selection of the host nation rotates among the members, and India’s tenure holds the promise of making a substantial impact on global governance.
How is the G20 Presidency Decided?
The G20 Summit represents a consortium of 19 individual nations and the European Union, collectively accounting for a large portion of the global economy, trade, and population. Moreover the presidency rotates among five groups of member countries. with each country within a group becoming eligible during its turn.
The process of deciding the presidency involves negotiations among eligible countries within each group. Moreover the chosen nation plays a central role in setting the agenda, hosting meetings, providing logistical support, and extending invitations to guest countries and organizations to participate in processes. Therefore It is an esteemed privilege and a significant responsibility to hold the presidency for a year.
The First G20 Summit: A Response to the Global Financial Crisis
The G20’s journey from obscurity to prominence can be traced back to the global financial crisis of 2008. France, holding the EU presidency at the time, advocated for an emergency summit to address the escalating economic turmoil. The G8, consisting of eight major economies, lacked the collective influence to stabilize the crisis, leading to the emergence of the G20 as a more inclusive and representative forum.
The first G20 Leaders’ Summit, titled the “Summit on Financial Markets and the World Economy,” took place in Washington DC in November 2008. It brought together leaders from the 20 member nations, along with key figures from international organizations such as the IMF, the World Bank, the United Nations, and guest countries like Spain and the Netherlands. Consequently the annual G20 summits have become integral to the global agenda.
G20 Summit 2023: Leaders in Attendance and Notable Absences
The G20 Summit in New Delhi is expected to draw participation from over 40 world leaders, providing a platform for engaging discussions and collaborative initiatives. Above all some leaders have confirmed their attendance, notable absences and unconfirmed attendees leave room for speculation.
The G20 Summit will also witness the participation of guest countries such as the Netherlands, Singapore, Spain, the UAE. Oman, Bangladesh, Egypt, Mauritius, and Nigeria. Their presence also enriches the diversity of perspectives and fosters fruitful discussions.
Conclusion: Shaping Global Governance for a Sustainable Future
As well as the G20 Summit 2023 unfolds, the world awaits the outcomes and commitments made by participating countries. With its theme of unity and sustainability, the summit aims to address pressing issues such as climate change, economic resilience, and global governance.
Therefore the formal discussions and meetings, the Summit offers a platform for leaders to strengthen multilateral engagements, and explore collaborative initiatives. As New Delhi prepares to host this significant event. The world looks forward to witnessing the collective efforts of the leaders towards a more prosperous and sustainable future.
