The 17th G20 Summit in Bali

The 17th G20 Summit in Bali: To Focus on Food and Energy Security

The 17th G20 Summit in Bali would take place in the backdrop of food and fuel prices spiking worldwide, the Russia-Ukraine conflict and the renewed threat of nuclear war.

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Significance of the 17th G20 Summit in Bali for UPSC CSE

PM Modi will be attending the 17th G20 Summit in Bali, Indonesia from tomorrow. i.e. 15-11-22.
Just after concluding the 17th G20 Summit in Bali, India will hold the presidency of G20 for one year starting from 1st December, 2022 to November 30, 2023.
The 18th G20 Summit next year will be held in New Delhi on 09 and 10 September, 2023.
The G20 represents almost 85 per cent of the global GDP, about two-thirds of the world population and over 75 per cent of the global trade.
So, issues around G20 summits are going to be very crucial for UPSC CSE preparation.

Backdrop of the 17th G20 Summit in Bali

The 17th G20 Summit in Bali would take place in the backdrop of food and fuel prices spiking worldwide, the Russia-Ukraine conflict and the renewed threat of nuclear war.
There will be one conspicuous absence around the table — Russian President Vladimir Putin.

What is the focus area of the 17th G20 Summit in Bali?

The focus area of the 17th G20 Summit in Bali will be extensively on key issues of global concern.

What is the theme of the G20 Summit in Bali?

- The theme of the G20 Summit in Bali is ‘Recover Together, Recover Stronger’.

Working Sessions of G20 Summit in Bali

- Three working sessions will be held as part of the G20 Summit Agenda.
- These are food and energy security, health, and digital transformation.

The 17th G20 Summit in Bali and Global Challenges

G20 leaders at the 17th G20 Summit in Bali will discuss current global challenges and underscore the importance of closer multilateral cooperation to help overcome these challenges. The world is currently struggling with many important challenges. These include:

Rising environmental challenges
Lack of progress in the SDGs and the pandemic
Uneven post-pandemic economic recovery
Debt vulnerabilities, especially in countries of the global south
The ongoing conflict in Europe, and its knock-on effect, such as food security challenges, and energy crisis and inflation in all countries of the world.