About The G20
Know more about G20 Indonesia 2022.
Who Are We?
The G20 is a multilateral cooperation forum consisting of 19 major countries and the European Union (EU).
The G20 represents more than 60% of the world's population, 75% of global trade and 80% of the world's GDP. The G20 members consist of South Africa, United States of America, Saudi Arabia, Argentina, Australia, Brazil, India, Indonesia, United Kingdom, Italy, Japan, Germany, Canada, Mexico, Republic of Korea, Russia, France, China, Turkey and the European Union.
Formed in 1999 at the initiation of the G7 members, the G20 embraces developed and developing countries to jointly overcome crises, especially those that hit Asia, Russia, and Latin America. The goal of the G20 is to achieve strong, sustainable, balanced and inclusive global growth. The G20 was originally a meeting of the Ministers of Finance and Central Bank Governors. However, since 2008, the G20 has presented Heads of State in summits and in 2010 discussions were also formed in the development sector. Since then the G20 consists of the Finance Track and the Sherpa Track. Sherpa is taken from the term for guides in Nepal, describing how the G20 Sherpas paved the way to the Summit (Summit).
Here are meeting type of G20.
Summit
This is the climax of the G20 meeting process, namely the head of state/government level meeting..
Ministerial and Deputy Level Meetings
Held in each of the main focus areas of the forum. In the Finance Track, the Ministerial Meetings are attended by the ministers of finance and central bank governors, called the Finance Ministers and Central Bank Governors Meetings (FMCBG). Meanwhile, the meeting of the deputies is called the Finance and Central Bank Deputies Meeting (FCBD).
Working Groups
Composed of experts from G20 countries, the Working Groups tackle specific issues related to the broader G20 agenda, which are then incorporated into ministerial segments and finally the Summit.
G20 Meeting Type
Find out everything you need to know and more about G20 meeting type.
There are 3 types of meetings at the G20, namely Summits/Summits, Ministerial & Deputies Meetings/Ministerial and Deputy Level Meetings, Working Groups. You can see the details in the column beside this.
G20 INDONESIA 2022
Real Role of The G20
One of the G20's greatest successes was its support in overcoming the 2008 global financial crisis. The G20 has also changed the face of global financial governance, by initiating coordinated fiscal and monetary stimulus packages, on a very large scale. The G20 also encourages increasing the borrowing capacity of the IMF, as well as various major development banks. The G20 is credited with helping the world get back on track for growth, as well as pushing for some important reforms in the financial sector.
The G20 has spurred the OECD to encourage the exchange of tax-related information. In 2012, the G20 produced the forerunner of the OECD's Base Erosion and Profit Shifting (BEPS), which was later finalized in 2015. Through BEPS, currently 139 countries and jurisdictions are working together to end tax avoidance.
G20 initiatives in handling the pandemic include deferral of foreign debt payments for low-income countries, injection of Covid-19 handling of > 5 trillion USD (Riyadh Declaration), reduction/abolition of import duties and taxes, reduced duties on vaccines, hand sanitizers, disinfectants, medical devices. and drugs.
In addition, the G20 plays a role in other international issues, including trade, climate and development. In 2016, collective principles related to international investment were applied. The G20 also supported political movements which later culminated in the Paris Agreement on Climate Change in 2015, and The 2030 Agenda for Sustainable Development.
G20 Presidency
Indonesia Holds G20 Presidency.
Unlike most multilateral forums, the G20 does not have a permanent secretariat. The function of the presidency is held by one of the member states, which changes every year. As stipulated at the 2020 Riyadh Summit, Indonesia will assume the G20 presidency in 2022, with the handover taking place at the end of the Rome Summit (30-31 October 2021).
Motto Theme
"Recover Together, Recover Stronger"
G20 Indonesia Presidency Logo Meaning
Introduction
Based on the development of concept that has been previously described, each element in this logo is constructed to illustrate the visions and missions that are hoped to be achieved at the G20 2022 event.
Dalang
The “G” in the “G20” logo is made as if to illustrate the hand of the Dalang holding a wayang. An encapsulation of an active role in the continuity of a story. In this case, it is a symbol of hope for joint efforts in advancing the global economic life that can be well maintained.
Gunungan
Gunungan was chosen to depict the end of a scene. Illustrating our hope to welcome the new chapter to come.
In Wayang, Gunungan is also a symbolism for the balance of the cosmos. A harmony between macro and micro. Just like the expectations for the current global economic balance.
Kawung
Inspired by the Kawung pattern. This pattern is a symbol of the cycle of human life which is full of determination and passion to always be better. Together, we are working hand-in-hand to create an advanced and just economy.
Summary
This logo illustrates our active role in advancing economic life in a new phase. With the hopes for balance and determination to continue to live, grow, and always get better in every stage.