G20 : Recover Together, Recover Stronger

For the first time, Indonesia holds the Presidency of the Group of 20 (G20), a cooperation forum for 20 of the world’s major economies. The period of the Indonesian Presidency lasts for one year, from December 1, 2021 to November 30, 2022. The handover of the chairmanship, or handover, took place at the G20 Summit in Rome, Italy, on October 31, 2021 from PM Mario Draghi (President of Italy) to President Joko Widodo .

The G20 is an international forum that focuses on policy coordination in the economic and development fields. The G20 represents the world’s economic and political power, with its membership comprising 80% of the world’s GDP, 75% of global exports and 60% of the global population. G20 members consist of 19 countries and 1 region, namely: Argentina, Australia, Brazil, Canada, People’s Republic of China (PRC), France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia , South Africa, Turkey, United Kingdom, United States and European Union.

Founded in 1999, the G20 was born as a response to the world economic crisis in 1997-1998. The goal is to ensure the world emerges from the crisis and creates a strong and sustainable global economic growth. Initially, the G20 was a meeting of the Ministers of Finance and Central Bank Governors, and has now grown to include discussions in various development fields. Since 2008, the G20 has also begun to present Heads of State at summit meetings.

Now, the world is again in a period of multidimensional crisis due to the COVID-19 pandemic. The G20 as a collection of the world’s major economies, which have political and economic power, have the capacity to drive recovery.

For this reason, as the G20 Presidency, Indonesia carries the spirit of recovery together with the theme “Recover Together, Recover Stronger”. out or world recovery solutions.

Based on the principle of inclusivity, the Indonesian Presidency also invites guest countries and international organizations (invitees) to participate. On various occasions, President Joko Widodo emphasized that this inclusiveness is the priority of Indonesia’s leadership at the G20, to realize “leave no one behind”.

His vision is a G20 Presidency that benefits all parties, including developing countries, small island countries, and vulnerable groups, and not only in the interests of the G20 members themselves.

For this reason, Indonesia also pays great attention to developing countries in Asia, Africa, Latin America, including small island countries in the Pacific and Caribbean. In addition to reflecting the spirit of inclusiveness, this also provides a wider representation to the G20.