Bali is preparing for the launch of the "G20" leaders' summit tomorrow

The island of Bali in Indonesia is preparing for the launch of the activities of the G20 leaders’ summit tomorrow, with the participation of 19 countries, representatives of the European Union and guest countries, including the UAE, at the Kempinski Hotel in Nusa, where the island was decorated with flags, banners, flowers and mangroves.      

Hosting the G20 summit in Bali is a great opportunity for Indonesia to generate momentum to revive the tourism and creative economy sectors.

Indonesia calls on the world to work together to recover from the epidemic and build the world in a sustainable way.

Indonesia, the host country for the summit, plays a major role in setting the agenda and organizing the leaders' summit, as it assumed the presidency of the G20 last November at the conclusion of the G20 summit in Italy, which is the first time that Indonesia has hosted the summit since its establishment in 1999.

The G20 Summit, which will be held over the course of 15 and 16 days, addresses agriculture, combating corruption, digital economy, sustainable energy, investment, employment, health, environment, development, as well as trade, digital payment systems, sustainable finance, financial inclusion, and international taxation.

Today's activities, Monday, November 14, in the G20 witnessed interactive discussions on progress in sustainable growth, equitable financing for transition and sustainable energy in Asia, benefiting from financing sustainable sukuk, the world after the Corona pandemic, harnessing innovations for future growth, digital payment and digital transformation.

The G20 list includes: the United States, Russia, China, France, India, the United Kingdom, Italy, Japan, Germany, Canada, Mexico, South Africa, Saudi Arabia, Argentina, Australia, Brazil, Indonesia, South Korea, and Turkey, in addition to Inviting a number of countries as guests of honor, led by the UAE, and a group of international organizations, including the Food and Agriculture Organization (FAO), the International Monetary Fund, the World Bank, the International Labor Organization, the Organization for Economic Cooperation and Development, the World Health Organization, and the World Trade Organization.

The G20 summit will be held in 2023 in India, and in 2024 in Brazil.

The G20 aims to address global issues related to the economy.

The G20 accounts for 80% of global economic output, two-thirds of the world's population and 75% of world trade.

The Group of Twenty was established in 1999 after the occurrence of the economic crisis in Asia. The summit was held at the level of finance ministers and central bank governors. After the global financial crisis, the level of meetings was raised to the participation of state leaders. The first summit in the presence of leaders was launched in Washington in November 2008. The axes and discussions of the group expanded to include Financial and economic issues.

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