After an eventful year of the G20 led by Italy, the G20 presidency is set to be taken over by Indonesia in 2022 and then India in 2023—two top nations that define emerging Asia. This ‘duplex of Asian G20 presidencies’ led by Indonesia and India takes on a formidable agenda, one that is likely to shape the world economy for the next decade.
The Italian G20 presidency has hosted nearly 175 events in 2021, including 20 ministerial meetings, two special meetings on health and Afghanistan with G20 leaders, 62 meetings of working groups, 60 Finance Track meetings, and several meetings with engagement groups.
On international finance, Indonesia and India will have to develop a ‘flight plan’ that ensures new initiatives on economic recovery, international tax and climate finance are legislated and executed. Indonesia has experience co-chairing Investment and Infrastructure Working Group while India has been co-chairing the Framework Working Group (since inception) responsible for overall guidance on global macroeconomic policies, global financial imbalances, and global economic growth.
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