G20

  • Recently, Italy hosted the G-20 foreign ministers’ meeting to discuss the fight against Covid-19 and how to speed up the recovery of the global economy and boost sustainable development in Africa.
  • Currently, Italy holds the presidency of G-20. The G-20 summit is scheduled to be held in Italy in October, 2021.
  • India is expected to hold the presidency of the G-20 in 2023.

G-20

  • The G20 is an informal group of 19 countries and the European Union, with representatives of the International Monetary Fund and the World Bank.
  • The G20 membership comprises a mix of the world’s largest advanced and emerging economies, representing about two-thirds of the world’s population, 85% of global gross domestic product, 80% of global investment and over 75% of global trade.
  • The members of the G20 are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States and the European Union.
  • It does not have any permanent secretariat or headquarters.

Important points:

  • Criticized China and Russia for engaging in vaccine diplomacy.
  • Vaccine diplomacy is the branch of global health diplomacy in which a nation uses the development or delivery of vaccines to strengthen ties with other nations.
  • Promoting a science-based holistic One Health approach.
  • ‘One Health’ is an approach to designing and implementing programmes, policies, legislation and research in which multiple sectors communicate and work together to achieve better public health outcomes.

SOURCE: THE HINDU,THE ECONOMIC TIMES,MINT

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