G20 Summit 2023: Here's what will be discussed by World Leaders during the mega event
G20 Summit 2023 in Delhi will encompass discussions on a wide range of topics, reflecting the evolving global landscape and India's specific focus areas. The G20, also known as the Group of Twenty, is a forum comprised of 19 individual countries and the European Union. These member nations are major players in the global economy, collectively accounting for 85% of the world's economic output and conducting 75% of global trade.
G20 countries represent approximately two-thirds of the world's total population, reported BBC News. According to Forbes these discussions between global leaders will include: Increasing loans to developing nations: A focus on boosting financial support to developing countries through multilateral institutions. Reforming international debt structures: Efforts to reform the global debt framework, ensuring sustainability and fairness in debt management.
Regulating cryptocurrencies: Addressing the challenges and opportunities presented by cryptocurrencies, including regulatory frameworks. Impact of geopolitical uncertainties: Assessing the effects of geopolitical tensions on global food and energy security. India's specific focus areas for the G20 2023 Summit include: Green development, climate finance and LiFE: Commitment to addressing climate change, with an emphasis on climate finance, technology transfer, and equitable energy transitions.
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