India will now host the Group of 20 Summit in 2023, a year later than previously decided, group leaders announced on Sunday.
“We thank Saudi Arabia for hosting a successful Riyadh Summit and its contribution to the G20 process. We look forward to our next meetings in Italy in 2021, Indonesia in 2022, India in 2023 and Brazil in 2024, ”said a statement by the leaders of the G20 Summit in Riyadh, issued at the end of the two-day conference of the top 20 economies. of the world. .
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Prime Minister Narendra Modi, among two dozen other leaders, participated in the summit.
The sources said that India hopes to advance the G20 agenda in 2023 after the presidencies of Italy and Indonesia.
On India, which will now host the summit in 2023 instead of 2022, a source said: “The order of rotation of the presidency is decided between the member states on the basis of consultation and mutual convenience.”
The focus of this year’s summit, which was held mostly virtually, was the Covid-19 pandemic.
In the statement, G20 leaders pledged to address the vulnerabilities revealed by this crisis, take the necessary steps to recover stronger, and work to ensure future generations are safer than we have been.
The leaders said they are taking immediate and exceptional steps to address the Covid-19 pandemic and its intertwined health, social and economic impacts.
“We, the leaders of the G20, meeting for the second time under the Saudi Presidency, are united in our belief that coordinated global action, solidarity and multilateral cooperation are more necessary today than ever to overcome current challenges and seize opportunities. XXI century. for all empowering people, safeguarding the planet and shaping new frontiers, ”says the statement.
“We are committed to leading the world in shaping a strong, sustainable, balanced and inclusive post-Covid-19 era,” they said in the statement.
Leaders also provide support for anti-money laundering (AML) / terrorist financing (CFT) policy responses detailed in the Financial Action Task Force (FATF) document on Covid-19.
They reaffirmed their support for the FATF, as the global regulatory body to prevent and combat money laundering, terrorist financing and proliferation financing.
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