15 Jan 2023

2-day Think-20 meeting under G-20 in Bhopal from Jan 16; Learn About Its Objectives & Significance

Bhopal: The two-day Think-20 meeting under G-20 is going to be held on January 16 and 17 at the Kushabhau Thackeray International Convention Center in Bhopal, Madhya Pradesh. Discussions will be held in the meeting on “Environment-friendly lifestyle – Global good governance with moral values and piety” by ministers and subject-experts from the country and abroad. 

Chief Minister Shivraj Singh Chouhan on Saturday evening reviewed preparations for the meeting, which will be attended by 94 representatives from 22 countries, besides intellectuals and officials from India. The main speaker at the inaugural session will be Tetsushi Sonobe, Dean and CEO of the Asian Development Bank Institute, Tokyo. 

Other speakers during the inaugural session will be Indonesia's deputy minister for political affairs, law defence and security Slamet Soedarsono, chief coordinator for India's G20 presidency Harsh Vardhan Shringla and NITI Aayog vice chairperson Suman Bery. 

On the first day, on January 16, CM Shivraj Singh Chouhan will attend the inaugural ceremony. Governor Mangubhai Patel will attend the closing ceremony on January 17. There will be 5 plenary and 10 parallel sessions in the meeting.

G-20: Introduction

The G-20 or Group of Twenty is an intergovernmental forum consisting of 19 countries and the European Union. The group works to address key issues related to the global economy, such as international financial stability, climate change mitigation, and sustainable development.

G-20 members represent about 85 percent of global GDP, more than 75 percent of global trade, and nearly two-thirds of the world population.

Objectives of G-20

The main objectives of G-20 are as follows; i) policy co-ordination among its members to achieve global economic stability, sustainable development; (ii) promoting financial regulations that reduce risks and prevent future financial crises; and (iii) modernisation of the international financial structure.

New Working Group on Disaster Risk Reduction will be set up

A new Working Group on Disaster Risk Reduction will be set-up by the G-20 under the chairmanship of India to encourage collective work, conduct multi-disciplinary research and exchange best practices on disaster risk reduction.

The Group of Twenty (G-20) is the main forum for international economic co-operation. It plays an important role in shaping and strengthening the global architecture and governance on all major global economic issues.

Importance of chairing G-20 for India

India will chair the G-20 from 1 December 2022 to 30 November 2023. On December 1, 2022, India assumed the G-20 chairmanship from Indonesia and will host the first ever G-20 leaders’ summit in the country in 2023. 

India’s G-20 chairmanship is historic in the country’s history, as it seeks to play an important role by finding practical global solutions for the good of all and, in doing so, it projects the true spirit of ‘Vasudhaiva Kutumbakam’' or ‘The world is one family’

T20 - Introduction

Think-20 is one of the G-20 groups that was launched in 2012 during the Mexican Presidency. It acts as an idea bank for the G-20 and provides a platform to make recommendations for thoughtful and informed policy formulation to address global challenges. 

T-20's Bhopal deliberations will provide an opportunity for task force members, subject-experts, policy makers, diplomats and civil society people from international organisations, private sector and institutions to come together and work together.

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