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G20 Sumbit: Who is the member of G20? And why has the G20 been announced?

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The G20 Summit in Delhi, scheduled for September 8 to 10, 2023, will indeed bring significant traffic restrictions and changes to commuting plans for residents and visitors to the national capital. Here are some key points to keep in mind if you plan to be in Delhi during this period

G20 Sumbit: Who is the member of G20? And why has the G20 been announced?

Who is 20 members

 Argentina Australia Brazil Canada China France Germany India Indonesia Italy Japan Mexico South Korea Russia Saudi Arabia South Africa Turkey United Kingdom United States European Union

Why does the G20 matter?

Together, the nations of the G20 account for around 80 percent of global economic output, nearly 75 percent of global exports, and about 60 percent of the world’s population. These figures have remained relatively stable while the corresponding rates for Group of Seven (G7) nations, a smaller group of advanced democracies, have shrunk, as larger emerging markets take up a relatively greater share of the world’s economy.

Traffic Restrictions Delhi :

The restrictions will be most stringent on the final two days of the summit, September 9 and 10, when heads of states and ministers of the G20 nations are expected to arrive. Access to certain areas, particularly the New Delhi district (Lutyens’ Zone), will be limited to residents and essential service providers who can prove their identity.

Controlled and Regulated Zones:

The restrictions are divided into Controlled Zones 1 and 2, with Controlled Zone 1 covering the New Delhi district and Controlled Zone 2 encompassing areas near the summit venue, such as roads leading to ITO, the vicinity of the Red Fort, and the main train stations. The Ring Road areas are considered Regulated Zones.

G20 Sumbit: Who is the member of G20? And why has the G20 been announced?

Transport Alternatives:

During this period, bus services will be restricted, so people are advised to use the Metro for commuting. However, some Metro stations might have limited services, as police have requested certain stations to be closed temporarily.

Essential Services:

Essential service providers, including media professionals, doctors, and those transporting food and essential goods, are likely to be allowed entry. Passes may also be issued, but details are yet to be finalized.

Taxis and Auto-Rickshaws:

Taxis and auto-rickshaws will only be allowed in Controlled Zone 1 if they are carrying residents or tourists with confirmed hotel bookings in that area.

Airport Travel:

Travel to the airport is expected to be affected, so travelers are advised to plan ahead and show proper identification documents for entry into the New Delhi area.

Alternate Routes:

Alternate routes and modes of transport will be facilitated for the general public, and medical emergency vehicles will have hassle-free movement.

Special Arrangements:

Special arrangements have been made for vehicles traveling to and from the airport, including routes to Terminal 1 and Terminal 3.

  • Helpline: An ambulance service helpline number (6828400604) will be in operation during this period.

Government Orders:

The government has also issued orders to shut markets, offices, schools, and businesses during September 8-10, especially in the high-profile hotel areas within Controlled Zone 1.

Please keep these restrictions and recommendations in mind if you plan to be in Delhi during the G20 Summit in September 2023. Make sure to stay updated with any further developments or changes in the traffic plan as the event approaches.

G20 Sumbit: Who is the member of G20? And why has the G20 been announced?

he Group of Twenty – G20

The Group of Twenty, or G20, is the premier forum for international cooperation on the
most important aspects of the international economic and financial agenda. It brings
together the world’s major advanced and emerging economies.
The G20 comprises Argentina, Australia, Brazil, Canada, China, EU, France, Germany,
India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea,
Turkey, UK and USA. The G20 Countries together represent around 90% of global
GDP, 80% of global trade, and two thirds of the world’s population.
The objectives of the G20 are:
a) Policy coordination between its members in order to achieve global economic
stability, sustainable growth;
b) To promote financial regulations that reduce risks and prevent future financial crises;
c) To create a new international financial architecture.
Origin and Evolution
The G20 was created in response to both to the financial crises that arose in a number
of emerging economies in the 1990s and to a growing recognition that some of these
countries were not adequately represented in global economic discussion and
In December 1999, the Finance Ministers and Central Bank Governors of advanced and
emerging countries of systemic importance met for the first time in Berlin, Germany, for
an informal dialogue on key issues for global economic stability. Since then, Finance
Ministers and Central Bank Governors have met annually. India hosted a meeting of
G20 finance ministers and central bank governors in 2002. G20 was raised to the
Summit level in 2008 to address the global financial and economic crisis of 2008.
Organizational Structure of G20
The G-20 operates without a permanent secretariat or staff. The chair rotates annually
among the members and is selected from a different regional grouping of countries. The
chair is part of a revolving three-member management group of past, present and future
chairs referred to as the Troika. The current chair of the G-20 is Mexico; the next Chair
will be Russia.
The preparatory process for the G20 Summit is conducted through the established
Sherpa and Finance tracks that prepare and follow up on the issues and commitments
adopted at the Summits. The Sherpas’ Track focuses on non-economic and financial
issues, such as development, anti-corruption and food security, while addressing
internal aspects such as procedural rules of the G20 process. The Sherpas carry out
important planning, negotiation and implementation tasks continuously.
The Finance Track focuses on economic and financial issues. The Sherpa and Finance
tracks both rely on the technical and substantive work of a series of expert working
groups. Additionally, the thematic agenda is developed through the organization of
several Ministerial Meetings, such as the Joint Meeting of Finance and Development
Ministers, and the Labour, Agriculture and Tourism Ministerial meetings.
G20 Leaders Summits.
Seven G20 Summits have been held so far. The First Summit was hosted by the US
President in Washington in November 2008 to develop a coordinated response to the
global financial crisis. At the First Summit, the Leaders discussed the causes of the
global economic and financial crisis and agreed to implement an Action Plan around
three main objectives, namely, (i) Restoring global growth, (ii) Strengthening the
international financial system and (iii) Reforming international financial institutions.
The Second Summit in London in April 2009 came up with a stimulus package of
US$ 1.1 trillion to restore credit and growth and strong regulatory provisions, expansion
of Financial Stability Forum (renamed as ‘Financial Stability Board’ or FSB) and Basel
Committee on Banking Supervision (BCBS), reiteration of commitment against
protectionist trends (including trade, investment and services) and commitment to
reform of International Financial Institutions.
The Third Summit in Pittsburgh in September 2009 designated the G20 as the
‘premier forum’ for international economic cooperation. The main outcomes of the
Pittsburgh Summit included to foster a ‘Framework for Strong, Sustainable and
Balanced Growth’ in the 21st century through sound macroeconomic policies that
prevent cycles of boom and bust through a Mutual Assessment Process (MAP) or ‘peer
review’ which is co-chaired by India, a decision to reform the IFIs by shifting IMF’s quota
share to dynamic Emerging Markets and Developing Countries (EMDCs) of at least 5%
from over-represented countries to under-represented countries, adoption of a dynamic
formula for the World Bank to generate an increase of at least 3% voting power for
developing and transition countries that are under-represented; and ensuring that World
Bank and Regional Development Banks (RDBs) have sufficient resources to address
global challenges.
The Fourth Summit in Toronto in June 2010 under the theme ‘Recovery and New
Beginnings’ focused on the ‘Framework for Strong, Sustainable and Balanced Growth’
and completion of Phase-I work comprising MAP (or ‘peer review’) by groupings of
countries. Advanced economies have committed to fiscal consolidation, i.e. halving of
fiscal deficit by 2013 and stabilizing debt by 2016 as part of internal re-balancing. An
agreement was also reached on differentiated approach to consolidating growth and
recovery versus exit strategies and fiscal consolidation, i.e. ‘growth-friendly fiscal
consolidation’. ‘Development’ was introduced for the first time on the G20 agenda to be
addressed through a High-Level Development Working Group (DWG).
The highlight of the Fifth Summit in Seoul in November 2010 under the theme
‘Shared Growth Beyond Crisis’ was the launching of the G20 Development Agenda
embodied in the Multi-Year Action Plans (MYAP) under the nine development pillars,
viz., Infrastructure (including a High-level Panel on infrastructure financing), Human
Resources Development, Trade, Private Investment and Job Creation, Food Security,
Growth with Resilience, Domestic Resource Mobilization, Knowledge Sharing and
Financial Inclusion
The Sixth G20 Summit in Cannes in November 2011 reviewed the global economic
situation in the backdrop of the Eurozone/Greek crisis. Its major outcomes included
regulation of commodity derivatives markets, including Action Plan on Food Price
Volatility and Agriculture and increase in transparency of energy markets and an
expression of support for recommendations of High Level Panel and MDBs Action Plan
on development. The outcome of the Cannes Summit resulted in the ‘Communique’ and
‘Declaration’ titled ‘Building our Common Future: Renewed Collective Action for the
Benefit of All’ along with the ‘Cannes Action Plan for Growth and Jobs’.
The Seventh G20 Summit was held in Los Cabos, Mexcio on 18-19 June 2012
under the Mexican Presidency. Mexico had identified the following as its priorities:
i. To promote economic stabilization and structural reforms as foundations
for growth and employment;
ii. Strengthening the financial system and fostering financial inclusion to
promote economic growth;
iii. Improving the international financial architecture in an interconnected
iv. Enhancing food security and addressing commodity price volatility; and
v. To promote sustainable development, green growth and the fight
against climate change.
The G20 has, since the Pittsburgh framework and the Seoul Development Consensus,
recognized that development and global economic issues cannot be tackled separately.
Development is crucial for global economic growth, poverty reduction and employment
creation. Development Working Group was set up in 2010 under the Sherpas’ Track to
complement the G20’s economic and financial agenda through multi-sectoral efforts to
assist developing countries in areas of importance for the welfare of their societies.
Taking forward the development agenda under the G20 DWG, Mexico had chosen
Infrastructure, Food Security and Inclusive Green Growth as its development priorities.
In addition to Spain, permanent guest of all G20 Summits, Mexico had also invited
Benin (as AU Chair), Cambodia (as the current ASEAN hair), Chile, Colombia and
Ethiopia to attend the Summit. Among the International Organizations, IMF, WB (both
permanent invitees), the UN, ILO, WTO, FAO, FSB and OECD attended the Summit.
The Summit came out with the Leaders’ Declaration and The Los Cabos Growth and
Jobs Action Plan.
The Leaders’ committed to work with developing countries, particularly low-income
countries, and to support them in implementing the nationally driven policies and
priorities which are needed to fulfil internationally agreed development goals,
particularly the Millennium Development Goals (MDGs) and reaffirmed their standstill
commitment until the end of 2014 with regard to measures affecting trade and
investment and pledged to roll back any new protectionist measure that may have
arisen, including new export restrictions and WTO-inconsistent measures to stimulate
Mexico also hosted a number of other meetings at different levels in a diverse range of
areas such as Agriculture, Labour & Employment, Economy & Trade, Energy &
Commodity Markets, Tourism, Anti-corruption, Disaster Risk Management, Business 20,
Think 20, Civil Society & NGOs and Youth 20.
The Indian delegation was led by Prime Minister, Dr. Manmohan Singh. Prime Minister,
in his intervention, stated that India was focusing heavily on investment and have set
ambitious targets to keep infrastructure investment on track and also put in place a
problem resolution mechanism to overcome implementation bottlenecks.
PM added that “it can be argued that austerity now will lay the basis for sustained
growth later. But there is also an alternative view that with growth impulses as seriously
weakened as they are today, synchronized austerity across many countries may not be
the right medicine. Financial markets normally favour austerity, but even they are
beginning to recognize that austerity with no growth will not produce a return to
sustainable debt position”. PM opined that austerity in the debt-ridden members of the
Eurozone can work only if surplus members are willing to expand to offset contraction
elsewhere in the currency area.
India on its part announced contribution of $ 10 billion to mop up IMF’s additional
firewall system. And the overall commitment by G20 members exceeded $ 450 billion in
addition to the quota increase under the 2010 Reform. These resources would be
available for the whole membership of the IMF, and not earmarked for any particular
India and G-20
India’s participation in the G20 process stems from the realization that as a major
developing economy India has a vital stake in the stability of the international economic
and financial system.
India has been actively involved in the G20 preparatory process both at the Sherpas
Track and the Financial Track since its inception. The Prime Minister participated in all
seven G20 summits. India’s agenda at the G20 Summits is driven by the need to bring
in greater inclusivity in the financial system, to avoiding protectionist tendencies and
above all for ensuring that growth prospects of developing countries do not suffer. India
has strived to ensure that the focus of the global community remains on the need to
ensure adequate flow of finances to emerging economies to meet their developmental
India has welcomed the inclusion of development as an agenda item of G20 process at
the Seoul Summit and supported the Seoul Development Consensus and the
associated Multi-Year Action plans. Prime Minster called for the recycling of surplus
savings into investments in developing countries to not only address immediate demand
imbalances but also developmental imbalances.
India has worked to maintain the dynamism and credibility of G20 deliberations for
establishing a framework for strong, sustainable and balanced growth, strengthening
international financial regulatory systems, reforming Bretton Woods’s institutions,
facilitating trade finance, pushing forward the Doha agenda. India, as a co-chair of
Framework Working Group on Strong, Sustainable and Balanced Growth, tried to
refocus the energies of the group towards growth, jobs, fiscal consolidation, rebalancing
demand from the public sector to the private, and to risks arising from internal
imbalances within the Eurozone. India remains committed to the G20 process for
achieving a stable, inclusive and representative global economic and financial system.
Russia would take over the Presidency of the G20 with effect from 1 December 2012
followed by Australia in 2014 and Turkey in 2015. The next G20 Summit is scheduled
to be held in Russia in 2013.

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