G20 Schedule in Karnataka

Group of Twenty (G20) – 2022 -2023

Bengaluru, the capital of Karnataka is all set to host the first G20 meeting starting from 13-15 December 2022. The first meeting of the G20 Finance Track under India’s G20 Presidency will take off from one of the finest metropolitan cities in the country known for its high-tech IT industry. The first Finance Track meeting will be led by Finance Minister Smt Nirmala Sitharaman and RBI Governor Shaktikanta Das under India’s G20 Presidency.

Group of Twenty (G20)

G20 is a perfect forum for international policy corporation and global economic discussions.

An intergovernmental forum comprising 19 countries and the European Union makes the Group of Twenty or G20 work to address key issues related to the global economies such as sustainable development, international financial stability, and climate change mitigation. Founded in 1999 in response to several world economic crises, the G20 is composed of most of the world’s largest economies including both industrialized and developing nations. In 2022-23 India will host close to 200 meetings across the country starting from Udaipur with Sherpa followed by a Finance Track meeting in Bengaluru. . India, as G20 Presidency, will also be inviting Bangladesh, Egypt, Mauritius, Netherlands, Nigeria, Oman, Singapore, Spain, and UAE as guest countries apart from the participating countries.

The theme of India G20 ‘One Earth One family One Future’ and the motto ‘Vasudhaiva Kutumbakam’ is closely related to one of the major concerns and agendas of G20 on the concept of LiFE (Lifestyle for Environment).

During the G20 meetings spread over a year, apart from economic issues, social and sustainable development goals will also be discussed. Topics like human-centric approach, technology, and tech-enabled development in sectors like education & agriculture, will also be discussed. The highlight or the focus area will also concentrate on women’s empowerment and representation, efforts to bring women to the fore and leading positions to boost socio-economic development and achievement of Sustainable Development Goals.

G20 in Karnataka

In the state of Karnataka, G20 meetings will be held in Bengaluru, Mysuru and Hampi spread over the year. This will give a chance for the visitors to visit the various historical and heritage attractions of the state. These meetings will also provide an opportunity for visitors to witness India’s economic growth and successes along with rich experience in India’s cultural diversity.

Under the Presidency of India, the G20 meetings will take off with its first meeting in Bengaluru on Finance and Central Bank Deputies from 13-15 December 2022 followed by the first Framework Working group meeting on 16-17 December 2022.

The G20 Finance Track meeting will focus on economic and financial issues and provides an effective forum for global economic discourse and policy coordination. The two days meeting will focus on key issues of relevance for the global economy covering the global economic outlook, the international financial architecture, infrastructure development and financing, sustainable finance, financial sector issues, international taxation, and global health.

The first Bengaluru meeting will start with the discussions at the Finance Deputies level and will be continued in February 2023 with G20 Finance Ministers and Central Bank Governors Meeting. In the Bengaluru meeting the discussions under the Finance Track agenda will focus on reorienting international financial institutions to meet the shared global challenges of the 21st century, financing cities of future, global debt vulnerabilities management, financing climate action and sustainable development goals, advancing financial inclusion and productivity gains, advancing the international taxation agenda and a globally coordinated approach to unbacked crypto assets.