17th G20 Summit Begins in Bali, Indonesia

The 2022 G20 Bali summit is the seventeenth meeting of the Group of Twenty (G20), a summit scheduled to take place in Nusa Dua, Bali, Indonesia on 15–16 November 2022.

Indonesia's presidency began on 1 December 2021, leading up to the summit in the fourth quarter of 2022. The presidency handover ceremony was held as an intimate event, in which the G20 Presidency Gavel was transferred from Italian Prime Minister Mario Draghi to Indonesian president Joko Widodo at the close of the Rome summit.

About G20 Summit:

The G20 or Group of Twenty is an intergovernmental forum comprising 19 countries and the European Union (EU). It works to address major issues related to the global economy, such as international financial stability, climate change mitigation, and sustainable development.

The G20 is composed of most of the world's largest economies, including both industrialized and developing nations; it accounts for around 80% of gross world product (GWP),59–77% of international trade, two-thirds of the global population, and 60% of the world's land area.

The G20 was founded in 1999 in response to several world economic crises. Since 2008, it has convened at least once a year, with summits involving each member's head of government or state, finance minister, foreign minister, and other high-ranking officials; the EU is represented by the European Commission and the European Central Bank. Other countries, international organizations, and nongovernmental organizations are invited to attend the summits, some on a permanent basis.

At its 2009 summit, the G20 declared itself the primary venue for international economic and financial cooperation. The group's stature has risen during the subsequent decade, and it is recognized by analysts as exercising considerable global influence; it is also criticized for its limited membership, lack of enforcement powers, and for alleged undermining of existing international institutions. Summits are often met with protests, particularly by anti-globalization groups.