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November 20, 2024 06:15
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G20 Summit 2024 is set to be held in Rio de Janeiro, Brazil. Keep on reading to get inside scoops about the G20 Summit 2024 theme and much more.
The 19th G20 Summit 2024, officially known as the Summit Rio 2024, is set to convene on November 18 and 19, 2024, in Rio de Janeiro, Brazil. Brazil took over the rotating presidency of the G20 on December 1, 2023. This pivotal gathering brings together leaders from the world’s major economies to address pressing global challenges and shape international economic policies.
Brazil holds the G20 Summit 2024 presidency, marking its first time hosting the event. Under President Luiz Inácio Lula da Silva’s leadership, Brazil aims to steer discussions toward social inclusion, sustainable development, and the reform of global governance institutions.
| G20 Summit 2024 Overview | |
| Category | Details |
| Event Name | G20 Summit 2024 |
| Theme | “Building a Just World and a Sustainable Planet” |
| Host Country | Brazil |
| Location | Museum of Modern Art (MAM), Rio de Janeiro |
| Dates | November 18–19, 2024 |
| Key Topics |
|
| Brazil’s G20 Sherpa | Ambassador Mauricio Lyrio |
The G20 Summit 2024 which was held in Rio de Janeiro has addressed several pressing global issues, that is culminating in notable outcomes and initiatives:
While the summit aimed to reinvigorate climate action, the final declaration fell short of concrete commitments. Leaders agreed on the need for substantial increases in climate finance from billions to trillions but avoided specifying the contributors or timelines. A pledge for a fair transition from fossil fuels was notably absent.
The war in Ukraine heavily influenced discussions. G20 leaders supported initiatives that have promoted a “comprehensive, just, and durable peace,” without explicitly criticising Russian aggression. Chinese and Brazilian leaders emphasized peace negotiations, with the G20 collectively rejecting the use of force for territorial gains.
The summit recommended comprehensive ceasefires in Gaza and Lebanon. Leaders supported adherence to UN resolutions while promoting humanitarian relief and the safe return of displaced populations. These efforts reflected a delicate balance among G20 members with differing stances on the conflicts.
A significant milestone was the commitment to enhance tax policies targeting the super-rich, championed by Brazilian President Lula da Silva. While respecting tax sovereignty, the G20 recognized the need for anti-tax avoidance measures and global cooperation.
President Lula’s initiative to combat global hunger gained attraction, with 82 nations signing onto a coalition. The alliance aims to implement proven strategies to reduce hunger and extend support to half a billion people by 2030.
These outcomes were highlighted in the G20 Summit 2024 while addressing global challenges, though the absence of more definitive action in areas like climate change and conflict resolution highlighted the complexities of multilateral cooperation.
The motto for the G20 Summit 2024 is “Building a just world and a sustainable planet.” This motto highlights the urgent need for measures that are socially appropriate, environmentally sustainable, and economically useful. In 2024, the G20 focuses on addressing inequality in all its forms which makes it a central theme of the global agenda.
The G20 Presidency sets the agenda for one year and hosts the Summit, with two parallel tracks: the Finance Track and the Sherpa Track. The Finance Track is led by Finance Ministers and Central Bank Governors, while Sherpas, personal emissaries of the Leaders, lead the Sherpa Track. Both tracks have thematic working groups involving representatives from member countries, invited nations, and international organizations.
The Sherpas coordinate negotiations and oversee the G20’s substantive work. Engagement Groups connect civil societies, businesses, and other sectors.
The G20 has no permanent secretariat, with the Presidency supported by the Troika—comprising the previous, current, and incoming Presidencies.
Brazil held the Presidency of the G20 from 1 December 2023 to 30 November 2024. Under the leadership of President Luiz Inácio Lula da Silva, Brazil’s presidency focuses on fostering global, and the reform of international governance systems. The presidency sets the agenda for the summit, ensuring discussions reflect Brazil’s commitment to building a more equitable and sustainable global future.
Before that, India held the G20 presidency from December 1, 2022, to November 30, 2023.
The G20 (Group of Twenty) 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 two regional bodies: the European Union and the African Union (as of 2024).
The G20 members represent around 85% of the global GDP, over 75% of the global trade, and about two-thirds of the world population. \
It was established in 1999, its primary objective is to promote international financial stability and sustainable development by facilitating dialogue among major economies.
The theme for the G20 Summit 2024 is “Building a Just World and a Sustainable Planet.” This theme underscores Brazil’s commitment to addressing global inequalities, promoting environmental sustainability, and reforming international institutions to better reflect the current global landscape.
The Group of Twenty (G20) is an international forum comprising 19 countries and two regional bodies: the European Union and the African Union. Here is the list of G20 countries:
| Sr. No. | Country/Region | Flag |
| 1 | Argentina |  |
| 2 | Australia |  |
| 3 | Brazil |  |
| 4 | Canada |  |
| 5 | China |  |
| 6 | France |  |
| 7 | Germany |  |
| 8 | India |  |
| 9 | Indonesia |  |
| 10 | Italy |  |
| 11 | Japan |  |
| 12 | Mexico |  |
| 13 | Republic of Korea |  |
| 14 | Russia |  |
| 15 | Saudi Arabia |  |
| 16 | South Africa |  |
| 17 | Türkiye |  |
| 18 | United Kingdom |  |
| 19 | United States of America |  |
| 20 | European Union |  |
| 21 | African Union |  |
Brazil has outlined three main priorities for its G20 presidency:
Stay tuned for more updates.
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