For 2021, Italy has been given chairmanship of the Group of 20, which brings together the world’s 20 most important countries. On paper, they represent 60% of the world’s population and 80% of its Gross Domestic Product (GDP). While the shaky Italian government will somehow perform this task (in the general indifference of the political system), the fact remains that this apparently prestigious position is in fact very deceiving: the G20 is now a very weak institution that brings no kudos to the rotating chairman. Besides, it is actually the institution which bears the greatest part of responsibility for the decline of the UN as the body responsible for global governance, a task that the G20 has very seldom been able to face up to.
As the world’s leading economies direct trillions of dollars towards Covid-19 recovery packages, a significant proportion is going to fossil fuel industries without climate stipulations, according to the 2020 edition of the Climate Transparency Report
– which has assessed the climate performance of G20 countries. http://www.ipsnews.net/2020/11/g20-puts-fossil-green-energy-covid-19-recovery-packages/
Heads of youth movements and student unions are challenging the world’s richest nations to correct an ‘incredibly unequal’ global response to COVID-19, by considering the plight of the world’s most vulnerable children and young people. http://www.ipsnews.net/2020/11/youth-demand-a-fair-share-from-world-leaders-ahead-of-g20-summit/
My recent study on “The G20@10: Time to shift gears” 1
shows that, during the past decade, the main joint, collective action of the G20 has been to issue communiqués and other types of statements.
Rural women play a key role in food production, but face discrimination when it comes to access to land or are subjected to child marriage, the so-called affinity group on gender parity within the G20 concluded during a meeting in the Argentine capital.
As president this year of the Group of 20 (G20) developed and emerging nations, Argentina has now formally begun the task of trying to rebuild a consensus around climate change. It will be an uphill climb, since the position taken by the United States in 2017 led to a noisy failure in the group with regard to the issue.
When the finance ministers of the G7 countries proposed the G20 in the late 1990s, a good sense of realism prevailed. They recognized that addressing issues of global finance required the political support from—and involvement of—emerging market economies.
The G20 meeting of leaders of the world's 20 biggest economies ended a few days ago in Hamburg, Germany with a strong statement of commitment for implementing the Paris Agreement on Climate Change by 19 of the leaders, with the exception of President Trump who has decided to withdraw the US from the Paris Agreement.
The G20 leaders meeting in Hamburg, Germany, on 7-8 July comes almost a decade after the grouping’s elevation to meeting at the heads of state/government level. Previously, the G20 had been an informal forum of finance ministers and central bank governors from advanced and emerging economies created in 1999 following the 1997-1998 Asian financial crisis.
Open data is a pretty simple concept: governments should publish information about what they do to fight corruption– data that can be freely used, modified and shared by anyone for any purpose, according to two major international anti-corruption watchdogs. This is particularly important in the fight against corruption.
Five key G20 countries are failing to meet commitments to publish data that helps tackle corruption, warns a new report by international anti-corruption watchdogs.
Finance ministers and central bank governors of the world’s 20 major economies, accounting for 66 percent of world population, have pledged to “promote an enabling global economic environment for developing countries as they pursue their sustainable development agendas”. http://www.ipsnews.net/2015/09/g20-finance-ministers-committed-to-sustainable-development/
The latest report by the World Trade Organisation (WTO) on G20 trade measures shows a slight deceleration in the application of new trade-restrictive measures by G20 economies, with the average number of such measures applied per month lower than at any time since 2013. http://www.ipsnews.net/2015/06/opinion-slight-deceleration-in-g20-trade-restrictions-but-continued-vigilance-needed/
Turkey assumed the Presidency of the Group of 20 (G20) on Dec. 1, 2014. It will culminate in the Antalya Summit on Nov. 15-16. Our priorities build upon the G20 multi-year agenda, but also reflect particular themes we see as important for 2015. http://www.ipsnews.net/2015/06/opinion-g20-turkish-presidency-keen-to-benefit-the-global-community/
Industrialised countries have agreed to collaborate on a new programme aimed at funnelling significant private-sector investment into global infrastructure projects, particularly in developing countries. http://www.ipsnews.net/2014/11/g20-seeks-to-streamline-private-investment-in-infrastructure/
Just a week after the Intergovernmental Panel on Climate Change (IPCC) gave its starkest warning yet that the vast majority of existing oil, gas and coal reserves need to be kept in the ground, a new report reveals that governments are flagrantly ignoring these warnings and continuing to subsidise exploration for fossil fuels. http://www.ipsnews.net/2014/11/why-are-g20-governments-subsidising-dangerous-climate-change/
When Western powers, led by the United States, decided to throw Russia out of the Group of 8 (G8) industrial nations, it was aimed at punishing and "isolating" President Vladimir Putin for his intervention in Ukraine and "annexation" of Crimea. http://www.ipsnews.net/2014/04/russia-expelled-g8-g20-fast/
The Group of 20 (G20) industrialised and emerging economies on Sunday formally expressed frustration with the ongoing inability of the United States to approve a major reform package that would see governance at the International Monetary Fund (IMF) shift more towards developing countries. http://www.ipsnews.net/2014/02/g20-urges-u-s-action-imf-reforms-april/
The eighth G20 Summit convened in St. Petersburg on Sept. 5-6, 2013 was dominated by the Syrian crisis, deflecting attention from the mandate of the gathering to serve as the premier forum for international economic coordination.
World leaders from G20 are meeting in St Petersburg, Russia, amid sharp differences over possible U.S. military action against Syria in response to what the U.S. administration calls a deadly chemical weapons attack by the Syrian government.
The release of the final communiqué of the Group of 20 (G20) summit in Los Cabos, Mexico, on Tuesday evening has been met with widespread derision from observers across the ideological spectrum.