The 17th G20 summit began on Tuesday in the Indonesian island of Bali. In this, issues related to world economic reform, world health system and climate change were at the center. According to the report of the news agency Xinhua, during the two-day summit, other issues including digital transformation and food and energy security will be discussed under the theme Recover Together, Recover Stronger. Addressing the opening ceremony of the summit, Indonesian President Joko Widodo said he hoped the summit could prove to be a catalyst for inclusive global economic recovery.
The President stressed that being responsible means respecting international law and the purposes and principles of the United Nations Charter. Widodo said, we should not divide the world into pieces. Significantly, the summit is taking place at a time when the world is facing challenges like economic reforms, Covid-19 pandemic, inflation etc. The International Monetary Fund in October projected the global economy to grow by 3.2 percent this year and 2.7 percent in 2023.
The international community expects the summit to promote multilateralism, openness, inclusiveness and cooperation. The G20, established in 1999, is a central forum for international cooperation on financial and economic issues. It includes 19 countries Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, UK, US and European Union.