E - VISA INFO

Friday 15 April 2022 16:30 WITA

The G20 Presidency of Indonesia– History, Main Focus, the Bali Summit 2022

The G20 Presidency of Indonesia unfolds from December 1, 2021, to November 30, 2022, after a handover from the Italian G20 presidency, Prime Minister Mario Draghi on October 31, 2021, to Joko Widodo in Rome, Italy. Did you know that the countries involved in G20 are representatives of 60% of the total global population, 80% of the global GDP, and 75% of global exports?

Evisa Bali is going to explain everything about the Indonesian G20 presidency you need to know in this post.

What is G20?

G20 stands for Group of Twenty. It is an international forum joined by 19 countries and the European Union (EU). These countries work together to coordinate regarding the world economy, from overcoming crises to creating economic growth and balance. The members of the G20 are part of countries with the largest economies and political powers such as Argentina, Australia, Brazil, Canada, the 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 the European Union.

The solutions obtained from this forum will not only benefit the countries involved in G20 but also developing countries and vulnerable states. Indonesian presidency in this world forum will invite ten international organizations like IMF, WHO, WTO, UN, to name a few, and nine other countries such as Spain, Chair of the African Union, Chair of the African Union Development Agency-NEPAD (AU-NEPAD), Chair of the Association of Southeast Asian Nations (ASEAN), Netherlands, Singapore, United Arab Emirates, Chair of The Caribbean Community (CARICOM), and Chair of the Pacific Island Forum (PIF). This is in line with a statement delivered by the President of Indonesia, Joko Widodo that there was no state unaccounted for.

The Birth of G20

G20 was founded in 1999 as an answer to the critical point during the global economic crisis that hit in the years 1997 – 1999. The goal is to establish policies that could encourage international financial stability. First, it was an assembly of Finance Ministers with Central Bank Governors. In 2008. Head of States began to attend the summit. Prior to the summit,

Logo, Priority Issues in the G20 Presidency of Indonesia

The theme in the G20 Presidency of Indonesia is “Recover Together, Recover Stronger,” in the spirit of restoring the global economy because of the COVID-19 pandemic. This is demonstrated in the current G20 logo depicting a mountain, the inspiration was taken from the gunungan in a shadow puppet. The background is adorned with red and white colors presenting Indonesia. The mountain symbolizes hopes and positive changes and Indonesia which is part of the global solution. To deliver what is implied in the theme, there are three priority sectors that are put into attention:

Global Health Architecture

When COVID-19 wreaked havoc and paralyzed the world in 2019, one thing that was apparent was the disparity of health facilities. By improving the global health architecture, we can respond better to any health crisis in the unforeseeable future.

Digital Transformation

Slowly but surely, our economic situation is crawling for the better. People are getting the importance of changing conventional business mindset to digital in order to survive. The G20 Presidency of Indonesia works hard to spread digital literacy which affects the rising demand for digital experts.

Sustainable Energy Transition

The G20 Presidency of Indonesia also focuses on climate change issues which are a longstanding affliction that determine the lives of millions of people. With a more advanced future, ensuring that our earth is a safe place to live by promoting sustainable energy means critical.

The launch of the summit conference was held on December 7-8, 2021 in Jakarta. There will be over 180 projects that have been scheduled in the G20 Presidency of Indonesia including the highlight, the Bali Summit anticipated on November 15-16, 2022.

The G20 Presidency of Indonesia – Is This a Proof that We Are Soon Transforming to an Advanced Nation?

Amen! With Bali being trusted as a host for the G20 Presidency of Indonesia, we hope it will restore the backbone of the tourism industry in Indonesia. Bali Visa Consultant Evisa Indonesia is your one-way solution from Kitas, visa Bali, visa extension Bali, business license in Indonesia, and many more!