G20 leaders declaration: Basics Explained

Leaders of the Group of 20 (G20) major economies have issued a declaration, after a two-day summit in Indonesia.

the majority of members strongly condemned the war in Ukraine, but noted there were other views.

International law must be upheld, the communique said, also condemning the threat of the use of nuclear weapons. It welcomed the Black Sea grain initiative as the war has prevented much-needed grain heading to world markets.

G20 leaders also agreed to pursue efforts to limit the rise in global temperatures to 1.5 degrees C ,including speeding up efforts to “phase down” the unabated use of coal.

The summit was held  in Indonesia in 2022, India will host in  2023 and in Brazil in 2024.

LEARNING FROM HOME/ WITHOUT CLASSES/ BASICS

G-20

Founded in 1999 to give developing countries a more powerful voice in the global economy, the summit brings together industrialised and emerging economies.

The group makes up 85 per cent of the world’s GDP and two-thirds of its population. When it was first started, only finance ministers and central bank governors met at G20 summits. But a meeting was held between heads of state after the Lehman Brothers crash in 2008, which led to a global recession. There has been a yearly meeting between G20 country leaders since.

G20 member countries include the US, UK, Germany, India, Australia, Japan, Russia, Argentina, Brazil, Canada, China, France, Indonesia, Italy, South Korea, Mexico, Saudi Arabia, South Africa and Turkey and EU.

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