G20 Current Affairs

G20 Digital Economy Ministerial Meeting held in Salta, Argentina

The G20 Digital Economy Ministerial Meeting was held in Salta, Argentina from 23 to 24 August, 2018. It took place as part of Sherpa Track for 2018 G20 Leaders’ Summit, which is to be hosted by Argentina by end of 2018. The theme of the meeting was ‘Building consensus for fair and sustainable development‘. Its three key issues for the agenda were future of work, infrastructure for development, and sustainable food future. It concluded with adaptation of declaration that reflects G20’s commitment towards promoting policies and actions that catalyze digital transformations.

Key Facts

The meeting was attended by 33 heads of delegation- ministers, senior officials and representatives from invited countries and international organizations like EU, UNCTAD, ITU etc. India was represented by Union Minister for Electronics and IT & Law and Justice Ravi Shankar Prasad.

The participating delegates deliberated upon efforts to create conditions that help governments, private sector and civil society maximize benefits and confront challenges posed by technological progress. The other focus areas which were also deliberated included digital inclusion in particular gender divide, digital government, digital infrastructure and measuring digital economy.

Participating G20 member nations agreed to promote policies that will contribute to bridging all forms of digital divide with special attention to digital gender divide. They also agreed to promote digital government and digital infrastructure, strengthen digital skills of workforce, deepen analysis towards digital economy measurement and to share experiences and lesson learned.

G20

Group of Twenty (G20) is premier forum for international economic cooperation and decision-making. It is a forum for governments and central bank governors from 20 major economies to focus on economic issues and other important development challenges.

The G20 comprises of total 19 countries plus European Union (EU), representing 85% of global GDP, 80% of international trade, 65% of world’s population. Its members include Australia, Argentina, Brazil, Canada, China, India, France, Germany, Indonesia, Italy, Japan, South Korea, Mexico, Saudi Arabia, Russia, Turkey, South Africa, UK, US and EU.

It was started in 1999 as meeting of Finance Ministers and Central Bank Governors in the aftermath of the South-east Asian (Tiger economies) financial crisis. It was established for studying, reviewing, and promoting high-level discussion of policy issues pertaining to the promotion of international financial stability.

In 2008, the first G20 Leaders’ Summit was held in Washington DC, US. Prior to this, it was merely forum for meeting of Finance Ministers and Central Bank Governors. The group has played key role in responding to the global financial crisis.

Month: Categories: International Current Affairs 2018

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12th G20 Summit: Countries pledge to act tough on Terrorism and eliminate Safe Havens

In the 12th G20 Summit held in Hamburg, the leaders of the G20 countries has agreed for taking concrete steps to stop funding of the terror activities. The leaders have also pledged for a joint crackdown on the global scourge of terrorism and check its funding sources.

Salient Highlights

Responding to Prime Minister Narendra Modi’s call for united action against terrorism and elimination of terrorist safe havens, the G20 countries strongly condemned all terrorist attacks worldwide and pledged greater coordination to counter the menace. Earlier Prime Minister Modi in the G20 Summit had called for a concerted global crackdown against countries that support terrorism for their own political goals.

The leaders also agreed to facilitate swift action and targeted exchange of information between intelligence, law enforcement and judicial authorities.

The G20 leaders have also called upon the private sector including the communication firms to curb the misuse of the internet for terror propaganda. Further, the leaders have also pledged to ensure terrorists are brought to justice.

Further, the G20 leaders reiterated their resolve to make the international financial system entirely hostile to terrorist financing. The leaders have also called for taking strong measures against the terrorist organisation like ISIS/ISIL/Daesh, Al Qaida etc.

G20

The Group of Twenty (G20) is the premier forum for international economic cooperation and decision-making. It is a forum for the governments and central bank governors from 20 major economies on economic issues and other important development challenges. It was started in 1999 as a meeting of Finance Ministers and Central Bank Governors in the aftermath of the South-east Asian (Tiger economies) financial crisis. It was established for studying, reviewing, and promoting high-level discussion of policy issues pertaining to the promotion of international financial stability. In 2008, the first G20 Leaders’ Summit was held in Washington DC, US. The group had played a key role in responding to the global financial crisis.

The G20 comprises of total 19 countries plus the European Union (EU), representing 85% of global GDP, 80% of international trade, 65% of world’s population. Its members include Australia, Argentina, Brazil, Canada, China, India, France, Germany, Indonesia, Italy, Japan, South Korea, Mexico, Saudi Arabia, Russia, Turkey, South Africa, UK, US and EU.

Month: Categories: International Current Affairs 2018

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