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The G20 summit in 2024 will take place from 12-14 July in Brazil. It is most likely to discuss the foregoing matters including finance, sustainable infrastructure and climate change, among other topics.
The G20 generally consists of the 19 countries and the EU. The 19 countries which are included in the summit are Argentina, Australia, Brazil, Canada, China, Germany, France, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, the Russian Federation, Saudi Arabia, South Africa, Turkey, the UK, and the US. Brazil holds the Presidency in 2024.
Hearing so much about G20 these days, you must be wondering so many questions about it, like who are G20 mandates, who are its members, what is the meaning of a group of 20 sherpas., and many more questions like this. Let’s answer all of them in the coming sections of this post.
Also Read: What Happens in G20 Summit?
Why is the G20 Summit Necessary?
Table of Contents
- Its motive is to maintain financial stability through the involvement of countries that are not so rich.
- Also, it helps the countries to hear the opinions of other countries on the same matter.
- Further, it also assists in recognizing other events throughout the year.
Who are the G20 Members?
The members of the Group of 20 summit include Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States, and the European Union. Each year, the presidency invites guest countries.
Who are G20 Sherpas?
Basically, the motive and work are well balanced by the representatives of the G20 countries, which are given a common name as ‘Sherpas’. They work together with the finance ministers and central bank governors.
India recently declared that the ex-NITI Aayog CEO Amitabh Kant would be the G20 Sherpa after Piyush Goyal.
FAQ
Brazil will host the meeting of a group of 20 people for the upcoming summit in 2024.
There are no headquarters of the G20 summit as it is an informal forum to discuss important country matters.
No, it is not mandatory to follow the decisions of the G20 meeting.
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