G-20 Summit 2018

GROUP OF 20 (G-20): –

  • The Group of Twenty (G-20) Finance Ministers and Central Bank Governors was established in 1999 to bring together systemically important industrialized and developing economies to discuss key issues in the global economy.
  • The inaugural meeting of the G-20 took place in Berlin, on December 15-16, 1999, hosted by German and Canadian finance ministers. The G-20 is made up of the finance ministers and central bank governors of 19 countries viz. Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, Republic of Korea, Turkey, United Kingdom and USA.
  • The European Union, who is represented by the rotating Council presidency and the European Central Bank, is the 20th member of the G-20. To ensure global economic fora and institutions work together, the Managing Director of the International Monetary Fund (IMF) and the President of the World Bank, plus the chairs of the International Monetary and Financial Committee and Development Committee of the IMF and World Bank, also participate in G-20 meetings on an ex-officio basis.

 

G-20 Summits:-

S. No.YearCityCountry
1.14-15 November, 2008Washington DCUS
2.2 April, 2009LondonUK
3.24-25 September, 2009PittsburghUS
4.26-27 June, 2010TorontoCanada
5.11-12 November, 2010SeoulSouth Korea
6.3-4, November 2011CannesFrance
7.18-19 June, 2012Los CabosMexico
8.5-6 September, 2013St. PetersburgRussia
9.15-16, November 2014BrisbaneAustralia
10.15-16, November 2015Erik, AntalyaTurkey
11.4-5 September, 2016HangzhouChina
12.7-8 July, 2017HamburgGermany
13.30 November, 01 Dec,  2018Buenos AiresArgentina
14.28-29 June, 2019*OsakaJapan
15.2020*RiyadhSaudi Arabia

 

*:- Purposed.

 

G-20 Summit 2018:- The G-20 2018 summit being held on 30 November and 1 December 2018 in the city of Buenos Aires, Argentina. It is the 13th meeting of Group of Twenty (G20). It is the 1st G20 summit to be hosted in South America.

 

G-20 and India: – India presented a nine-point agenda to G20 member nations calling for strong and active cooperation among them to comprehensively deal with fugitive economic offenders.

The agenda was presented by Prime Minister Narendra Modi in the second session of the G20 Summit on international trade, international financial and tax systems.

“Cooperation in legal processes such as effective freezing of the proceeds of crime, early return of the offenders and efficient repatriation of the proceeds of crime should be enhanced and streamlined,” the agenda read.

India also called for joint efforts by G-20 countries to form a mechanism that denies entry and safe havens to fugitive economic offenders.

 

For Exam Purpose:-

Where ?

G-20 Summit 2018 held in (Buenos Aires) Argentina.

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