Prime Minister Narendra Modi will travel to Bali, Indonesia, on Monday to attend the G20 Summit. The summit’s theme, “Recover Together, Recover Stronger,” will bring together the leaders of 20 nations, accounting for approximately two-thirds of the world’s population and about 85% of the global GDP.
At the G20 meeting in Indonesia, the prime minister will meet individually with world leaders and brief them on India’s shifting G20 priorities. This G20 Summit is noteworthy because India will preside over the summit beginning on December 1, 2022, for a year. The transition of the presidency will occur at the Bali summit.
“India’s G20 presidency is coming at a time of crisis and chaos in the world. The world is going through the after-effects of a disruptive once-in-a-century pandemic, conflicts and a lot of economic uncertainty. The symbol of the lotus in the G20 logo is a representation of hope in these times,” PM Modi said at the launch of India’s G20 logo last week.
The G20 is the foremost forum for international economic cooperation, and it is crucial in establishing and enhancing global governance and the architecture of the world economy.
Prime Minister Modi and other G20 leaders will spend much of the summit deliberating on important contemporary topics, such as the state of the world economy, energy, environment, agriculture, health, and digital transformation, among others.
PM Modi will take part in three working sessions for leaders at the Bali Summit, which is scheduled for November 15–16. These include talks on the security of food and energy, as well as workshops on digital transformation and health.
Foreign Secretary Vinay Kwatra said G20 discussions have become more important in the current global economic and political backdrop during a special news briefing on Sunday.
The lack of advancement in the Sustainable Development Goals (SDGs), the pandemic, and other significant problems, he claimed, are adding to the world’s current struggles.
“These include uneven post-pandemic economic recovery, debt vulnerabilities especially in the countries of the global south, ongoing conflict in Europe, and its knock-on effect, such as food security challenges, energy crisis and inflation on all countries of the world,” Kwatra said.
The G20 leaders will talk about these issues and stress how crucial closer multilateral collaboration is to resolving them. India, the upcoming presidency, has always actively interacted with all the G20 nations and participants throughout this year, both in the past and during this administration of Indonesia as well.
“Our position has been of steadfast and strong support to Indonesia, which as the Presidency has shown strong leadership in ensuring that the G20 platform discusses issues of substantive interest to the world.
On November 16, leaders from the G20 Summit will visit Bali’s Taman Hutan Raya, better known as Bahasa Indonesia, a mangrove forest.
“As you know, mangroves are an important refuge of coastal biodiversity and act as bio shields against extreme climatic events and as important carbon sinks. India’s own mangrove cover is significant, with one of the highest biodiversity in the world. We also recently agreed to join the Global Mangrove Alliance, which was launched jointly by Indonesia and UAE,” Kwatra said.
At the Indian community reception on November 15, Prime Minister Modi will also speak to and engage with members of the Indian community and friends of India and Bali.
At the completion of the Bali summit on November 16, the prime minister will fly to India.