Nov 17, 2022
Our today's edition of Current Affairs is here. Read to know more about G-20: Bali Summit Concludes. Also, find the topic's relevance to the UPSC CSE syllabus below:
For Prelims: Current Events of National and International Importance.
G-20, Bali Summit, Bali Declaration.
For Mains: General Studies II-International Institutions
Important International Institutions, agencies and fora - their Structure, Mandate. Bilateral, Regional, and Global Groupings and Agreements involving India and/or affecting India’s interests.
The 2-day annual summit of G-20 concluded on 16th Nov 2022 in Bali with a joint statement condemning Russia’s war against Ukraine.
Post Covid-19, G20 summit at Bali was a missed opportunity to end the suffering caused to the global south by the Russia-Ukraine war. Discuss. (10 Marks, 150 Words)
Indian Prime Minister attended the G-20 Bali summit. India also held bilateral meetings with the Indonesian President, Spanish Prime Minister, French President, Singapore Prime Minister, and UK Prime Minister.
Also Read yesterdays edition of current affairs on 19th ASEAN-India Summit , in case you missed reading it.
Related: INDIA - U.S Trade Ties -UPSC Current Affairs
The G-20 was established in 1999 after the economic crisis faced by the Asian Tiger economies of SouthEast Asia.The G20 comprises 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK, the USA and the European Union (EU).
To prevent global economic crisis especially global financial crisis.To ensure global economic cooperation.To set global economic agenda in order to gain prosperity and peace.Related: India and UAE: Comprehensive Economic Partnership Agreement (CEPA) Fig: G-20 NationsUPSC Prelims PYQ 2020
In which of the following groups are all the 4 countries members of G20?
(a)Argentina, Mexico, South Africa, and Turkey.
(b) Australia, Canada, Malaysia, and New Zealand.
(c) Brazil, Iran, Saudi Arabia, and Vietnam.
(d) Indonesia, Japan, Singapore, and South Korea.
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