G20 Country Indonesia: A Rising Global Economy

The Bali summit was the first G20 meeting since Russia's invasion of Ukraine, and the first full-fledged gathering of leaders since the outbreak of the COVID-19 pandemic.

G20 Country Indonesia President Joko Widodo

Source : Getty

President: Joko Widodo

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Joko Widodo, popularly known as Jokowi, has been serving as the president of Indonesia since 2014. A leader of the Indonesian Democratic Party of Struggle, Widodo earlier served as the mayor of Surakarta from 2005 to 2012, and governor of the country's capital Jakarta from 2012 to 2014.

Indonesia took over the G20 presidency from Italy on December 1, 2021, and last year, the Southeast Asian country hosted the 17th G20 Summit in Nusa Dua, Bali on November 15-16. Indonesia is also a member of ASEAN.  

Notably, the G20 accounts for more than 80% of the world's gross domestic product, 75% of international trade, and 60% of its population, which was founded in 1999 in response to several world economic crises.

The agendas for the Bali Summit were drawn up by the Troika countries — Italy (2021 chair), Indonesia (2022 chair), and India (2023 chair).

It was the first G20 meeting since Russia's invasion of Ukraine, and the first full-fledged gathering of leaders since the outbreak of the COVID-19 pandemic. The theme of the Bali Summit was "Recover Together, Recover Stronger".
 
The meeting between the world leaders centered around the Russia-Ukraine war, the global energy and food crises, fears of a global recession and recovery from the pandemic.
 
In their joint declaration, the G20 leaders condemned the war in Ukraine and stressed that the war is "causing immense human suffering and exacerbating existing fragilities in the global economy." The leaders’ declaration also dealt with questions of food security, the energy crisis, and efforts to combat climate change.  
 
The other members of the G20 are --  Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the UK and the US, as well as the European Union.
 
Apart from the member countries, six invitee countries Fiji, Netherlands, Rwanda, Senegal, Singapore, Spain, Suriname, Ukraine, UAE, and heads of 12 international organisations, including UN, WHO, WTO, IMF, FSB, OECD, ADB, ILO and WEF participated in the summit.