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ORG > G20 > Flashcards

G20 Flashcards

1
Q

Chairman, Presidency

A

Joko Widodo, President of Indonesia
To ensure continuity, the presidency is supported by a “troika” made up of the current, immediate past and next host countries.

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2
Q

Formation, Founder

A

26 September 1999, G7

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3
Q

who are the members

A

groups 1 2 3 4 5 + EU
Each year, a different G20 member country assumes the presidency starting from 1 December until 30 November. This system has been in place since 2010, when South Korea, which is in Group 5, held the G20 chair. This is the point of the grouping, the states within the relevant group need to negotiate among themselves to select the next G20 President.

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4
Q

group 1

A

Australia
Canada
Saudi Arabia
United States

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5
Q

group 2

A

India
Russia
South Africa
Turkey

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6
Q

group 3

A

Argentina
Brazil
Mexico

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7
Q

group 4

A

France
Germany
Italy
United Kingdom

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8
Q

group 5

A 
Group 4	
France
 Germany
 Italy
 United Kingdom
Group 5
 China
 Indonesia
 Japan
 South Korea
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8
Q

group 5

A 
Group 4	
France
 Germany
 Italy
 United Kingdom
Group 5
 China
 Indonesia
 Japan
 South Korea
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9
Q

group 5

A

China
Indonesia
Japan
South Korea

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10
Q

when and when was the g20 summit held in 2021

A

2021 G20 Rome summit was the sixteenth meeting of Group of Twenty, which was held in Rome, the capital city of Italy, on 30–31 October 2021.

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11
Q

who represents each state

A

head of government + finance portfolio + national bank + central bank governor

for EU - President of the European Council- Charles Michel
President of the European Commission-Ursula von der Leyen
Commissioner for Economy-Paolo Gentiloni European Central Bank - Christine Lagard

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12
Q

who is the permanently invited country

A

spain

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13
Q

secretariat

A

none

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14
Q

on what basis were the members decided

A

The G20 is composed of most of the world’s largest economies, including both industrialized and developing nations, and accounts for around 90% of gross world product (GWP), 75–80% of international trade, two-thirds of the global population, and roughly half the world’s land area.

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15
Q

what regional groups are the permanent invitees

A

African Union (AU) President Félix Tshisekedi (DR Congo)

Association of Southeast Asian Nations (ASEAN) Hun Sen, Prime Minister of Cambodia

New Partnership for Africa’s Development (AUDA-NEPAD) Paul Kagame Rwanda President

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16
Q

G-20 Anti-Corruption Working Group:

A

It was set up in June 2010 at the Toronto Summit of G-20. The year 2020 marks its 10th anniversary.

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17
Q

Objective:

A

To prepare “comprehensive recommendations for consideration by leaders on how the G20 could continue to make practical and valuable contributions to international efforts to combat corruption”.

18
Q

In October, __ hosted the first-ever Ministerial Meeting of the G-20 Anti-Corruption Working Group (ACWG) virtually.

A

Saudi Arabia

19
Q

what are some organisations it works with

A

World Bank Group, the Organisation for Economic Cooperation and Development (OECD), the United Nations Office on Drugs and Crime (UNODC), the International Monetary Fund (IMF), the Financial Action Task Force (FATF), etc.

20
Q

The World Bank and the UNODC are also involved in the ACWG through the active participation and contribution of _________ (StAR) to its work, which plays an advisory role on asset recovery, anti-money laundering/counter-terrorism financing, transparency and beneficial ownership, etc.

A

Stolen Asset Recovery Initiative

21
Q

________ added to the anti-corrpution agenda/mandate for the first time is one of the operational priorities of 2021

A

corruption in dports

22
Q

what does siga stand for

A

Sports Integrity Global Alliance’s (SIGA)

23
Q

first g20 summit

A

Washington, D.C. (United States) from 14–15 November 2008.

24
Q

Who started the G20 summit?

A

In 2008, in the midst of the global financial crisis, the US President George W. Bush invited the leaders of the G20 members to coordinate actions in order to respond to the crisis giving the start to the actual G20 Leader’s Summit. Since 2010 the meeting is held annually and the host country change every year.

Until then, the finance ministers met.

25
Q

G20 High-Level Principles on

Tackling Corruption in Sport

A

6 principles

26
Q

which presidencies does the g20 troika consist of

A

incoming, currrent and previous presidencies

27
Q

g20 troika countries

A

india, indonesia and italy

28
Q

2021 rome summit theme

A

People, Planet, Prosperity.

29
Q

2022 bali summit theme

A

“Recover Together, Recover Stronger”.

30-31 october

30
Q

India will assume the G20 Presidency on ____________from Indonesia, and will convene the G20 Leaders’ Summit for the first time in India in 2023.

A

1 December 2022

18th presidency and summit.

31
Q

what issue did india raise during the 2021 summit

A

future of afghan after taliban takeover

32
Q

india will be part of the troika from _____- to ___

A

1 dec 2021 - 30 november 2024

33
Q

g20 is an international _______

A

an international forum/body (not org)

34
Q

after what was the g20 formed as a ministerial meeting between the financial ministers and the central bank governors of states in 1999

A

1997-1999 ASIAN Financial Crisis: This was a ministerial-level forum which emerged after G7 invited both developed and developing economies. The finance ministers and central bank governors began meeting in 1999. The objective was to discuss the international financial system.

35
Q

asian financial crisis

A

The Asian financial crisis started in Thailand with the collapse of the Thai baht in July 1997. What began as a currency crisis soon affected the wider economy and spread quickly to the rest of the region, leading to economic downturns in several countries.
The Asian financial crisis was a period of financial crisis that gripped much of East Asia and Southeast Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1999 was rapid and worries of a meltdown subsided.

36
Q

the _____ crisis was a indicator of the need for economic consensus at the highest political level and as a result the since 2008, a head of government level summit came about. it was an emergency council for presidents and prime ministers.

A

Amid 2008 Financial Crisis the world saw the need for a new consensus building at the highest political level. It was decided that the G20 leaders would begin meeting once annually. They meet at the same time as the International Monetary Fund and The World Bank.

37
Q

what are the challenged faced by the forum

A

No Enforcement mechanism: The G20’s toolkit ranges from simple exchanges of information and best practices to agreeing common, measurable targets, to coordinated action. None of this is achieved without consensus, nor is it enforceable, except for the incentive of peer review and public accountability.

Not legally binding: the decisions are based on discussions and consensus which culminates in the form of declarations. These declarations are not legally binding. It’s just an advisory or consultative group of 20 members.

38
Q

what are the two working channels of the g20

A 
financial channel (sometimes refered to as track)
and sherpa channel
39
Q

who is india’s sherpa

A

Commerce and Industry Minister Piyush Goyal has been appointed as India’s Sherpa for the G20, (08-Sept-2021)

40
Q

when was the current RBI governor the indian sherpa

A

Shaktikanta Das

In office 27 November 2017 – 11 December 2018

41
Q

financial channel

A

comprises all meetings with G20 finance ministers and central bank governors and their second lines and working groups on finance. Meeting several times throughout the year they focus on monetary and fiscal issues, financial regulations, infrastructure investments, inclusion.

42
Q

sherpa channel

A

focuses on broader issues such as political engagement, anti-corruption, development, energy, etc.
Each G20 country is represented by its Sherpa; who plans, guides, implements, etc. on behalf of the leader of their respective country. They advise the head of government and take issues to the working groups.
Each Sherpa meeting consists of the Sherpa and the ministers corresponding to the topic.

43
Q

when did the g20 heads of gov meet twice a year

A

2008-2011

before the heads of gov meet, the financial members meet to set the agenda for the heads.

ORG (12 decks)

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