All About G20 and the Impacts on Indonesia

Indonesia invites the whole world to participate in recovering the economy and sustainable development in G20 while carrying the theme “Recover Together, Recover Stronger”. On the other hand, there are still many people who don’t know what G20 is and its contribution to Indonesia, so let’s look at the following explanation.

What’s the G20?

The G20 Summit stands for Group of Twenty Summit which is a meeting of 20 member countries that are members of an international cooperation forum and attended by all Heads of Government/G20 member countries. Formed in 1999 at the initiation of G7 members, the G20 embraces developed and developing countries to overcome crises together. The goal of the G20 itself is to achieve strong, balanced, sustainable and inclusive global growth.

G20 consists of the most industrialized and developing countries in the world. The organization formed after the monetary crisis in East Asia represents more than 60% of the world’s population, 75% of global trade and 80% of world GDP.

The G20 members:

South Africa, United States, Saudi Arabia, Argentina, Australia, Brazil, India, Indonesia, United Kingdom, Italy, Japan, Germany, Canada, Mexico, Republic of Korea, Russia, France, China, Turkey, European Union.

This is a list of 17 heads of state who attend G20 Summit in Bali:

1. President of the Republic of Indonesia, President Joko Widodo
2. President of the United States, President Joe Biden
3. President of China, President Xi Jinping
4. President of South Korea, President Yoon Suk Yeol
5. Prime Minister of Canada, Justin Trudeau
6. Prime Minister of British, Rishi Sunak
7. Prime Minister of Italy, Giorgia Meloni
8. Crown Prince of Saudi Arabia, Mohammed bin Salman (MbS)
9. President of Turkey, President Recep Tayyip Erdogan
10. President of Argentina, President Alberto Fernandez
11. Prime Minister of Australia, Anthony Albanese
12. Prime Minister of India, Narendra Modi
13. President of South Africa, President Cyril Ramaphosa
14. Prime Minister of Japan, Fumio Kishida
15. Chancellor of Germany, Olaf Scholz
16. President of France, Emmanuel Macron
17. President of the European Commission, Ursula von der Leyen

Heads of State who’re not present:

The head of the G20 Event Implementation Support Division, Luhut Binsar Pandjaitan, said President Vladimir Putin was unable to attend due to domestic problems that had to be resolved. Even so, Putin will be represented by the Minister of Foreign Affairs, Sergey Lavrov. On Sunday, Lavrov arrived in Bali at around 19.04 WITA.

The President of Brazil, Jair Bolsonaro, is said to be still in a transitional period after the general elections in his country some time ago.

President of Mexico, Andres Manuel López Obrador. said to be absent because he had never left his country. He will be represented by Foreign Minister Marcelo Ebrard.

G20’s Impacts for Indonesia :

a. The G20 presidency in the midst of a pandemic has proven a good perception of Indonesia’s economic resilience to the crisis.

b. This is a form of acknowledgment of Indonesia’s status as one of the countries with the largest economy in the world, which can also represent other developing countries.

c. This presidential momentum only occurs once every generation (+ once every 20 years) and must be utilized as well as possible to add value to Indonesia’s recovery. Both in terms of economic activity as well as domestic and international public confidence.

d. Indonesia can arrange the discussion agenda at the G20 to support and have a positive impact on the recovery of Indonesia’s economic activity.