Explained, News, Politics
What is the G20 Summit?
Written by Meher Gupta, a grade 6 student.
G20 summit,also known as the Group of 20, is a premium forum for global economic cooperation. The G20 summit was created on the 26th of September in the year 1999…
By I Kid You Not , in Explained News Politics , at June 22, 2020
G20 summit,also known as the Group of 20, is a premium forum for global economic cooperation. The G20 summit was created on the 26th of September in the year 1999, after a series of major international debt crises'. It aims to unite the world leaders around economic, political and health challenges. The heads of states first officially convened in November 2008, when the global financial crisis began, and since then they have met at least once a year.
The headquarters of G20 are in Cancun, Mexico. The founder of this organisation is the Group of Seven (G7) and the current serving chairman is King Salman of Saudi Arabia. The members account for 85 percent of the world economy, 75 percent of global trade, and two-thirds of the world's population, including more than half of the world's poor. G20 leaders meet annually at the G20 Summit. The members comprise of the Governors of the Central Bank and the leaders of the 19 individual countries and the European Union
The members of G20 are: Australia, Argentina, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom, United States, and the European Union.
The G20 summit meeting is hosted by the nation holding the rotating presidency. This year it is being held in Riyadh, the capital city of Saudi Arabia. Saudi Arabia assumed the G20 2020 Presidency on the 1st of December in 2019. The summit will be held on the 21st and 22nd of November 2020. The theme of this year's summit is – " Realising Opportunities of the 21st century for all". The need of the hour is to build a collective response to the lack of opportunities to the under deserved population and to tackle threats like natural disaster and climate change. The collective road map focuses on three aims -Empowering People, Safeguarding the Planet and Shaping New Frontiers.
However, the normal G20 calendar has been changed due to the ongoing Corona Virus pandemic. Several virtual meetings have been held between the members to coordinate the international response to the pandemic and efforts to put the global economy back on track.
Why Is Fighting Taking Place In Delhi ?
One minute read.
More than forty-six have died and over 200 injured in Delhi in fights between Hindus and Muslims
Impact Of Feminism And Black Lives Movement On The Academy Awards
Written by Niyati Kanotra, a grade 12 student.
The feminist movement was started back in the 19th century to challenge the systemic inequalities faced by women on a daily basis…
What Was The 2008 Financial Crisis? Can It Happen Again Due To Covid-19?
It is believed that COVID-19 might trigger a global recession or a severe economic slowdown all over the world. One of the main reasons for slowdown is the fear of this virus itself…
The IMF, its First Female Chief Economist and Covid-19
Written by Shreya Panda, a grade 11 student.
The decisions made by the International Monetary Fund (IMF) affect people around the globe. So what is the IMF and why is it so important?