Future Work Streams
- The Group of Twenty (G20) is the premier forum for international economic cooperation. It plays an important role in shaping and strengthening global architecture and governance on all major international economic issues.
- The G20 initially focused largely on broad macroeconomic issues, but it has since expanded its agenda to inter-alia include trade, climate change, sustainable development, health, agriculture, energy, environment, climate change, and anti-corruption.
G20 Members
- The Group of Twenty (G20) comprises 19 countries (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom and United States) and the European Union. The G20 members represent around 85% of the global GDP, over 75% of the global trade, and about two-thirds of the world population.
Guest Countries
- Bangladesh, Egypt, Mauritius, Netherlands, Nigeria, Oman, Singapore, Spain, UAE.
Guest Multilateral Agencies
- In addition to the regular International Organisations (UN, IMF, WB, WHO, WTO, ILO, FSB and OECD) and Chairs of Regional Organisations (AU, AUDA-NEPAD and ASEAN), three more organisations namely ISA, CDRI and ADB are involved as Guest IOs.
How G20 Works
- The G20 Presidency steers the G20 agenda for one year and hosts the Summit. The G20 consists of following two parallel tracks. Within the two tracks, there are thematically oriented working groups in which representatives from the relevant ministries of the members as well as from invited/guest countries and various international organisations participate.
- The Finance Track
- Finance Ministers and Central Bank Governors lead the Finance Track. Finance Track is led by Finance Ministers and Central Bank Governors of the member countries. The Finance Track is mainly led by the Ministry of Finance. These working groups meet regularly throughout the term of each Presidency.
- The Sherpa Track
- Sherpas lead the Sherpa Track after Finance Track. The G20 process from the Sherpa side is coordinated by the Sherpas of member countries, who are personal emissaries of the Leaders. The Sherpas oversee negotiations over the course of the year, discussing agenda items for the Summit and coordinating the substantive work of the G20.
- Engagement Groups
- In addition, there are Engagement Groups which bring together civil societies, parliamentarians, think tanks, women, youth, labour, businesses and researchers of the G20 countries.
- The Group does not have a permanent secretariat. The Presidency is supported by the Troika – previous, current and incoming Presidency. During India’s Presidency, the troika will comprise Indonesia, India and Brazil, respectively.