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A special page on the occasion of the start of the Saudi Arabia's presidency of the G20 meetings on December 1, 2019, which will continue until the end of November 2020, when the Kingdom decided to coordinate the group's work under the theme of Realizing Opportunities of the 21st Century for All. The page sheds light on the G20 and its working groups, the key aims of the Kingdom’s 2020 G20 Presidency, and the most important discussions covered by the group's meetings.
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The Group of Twenty, or the G20, is the premier forum for international economic cooperation. The G20 brings together the leaders of both developed and developing countries from every continent. Collectively, G20 members represent around 80% of the world’s economic output, two-thirds of global population and three-quarters of international trade. Throughout the year, representatives from G20 countries gather to discuss financial and socioeconomic issues. The G20 meetings will be discussing the global economic realities in order to achieve impressive results in the global economic environment, and it will also discuss common global issues, such as empowering human resources and preserving environmental resources.
The Engagement Groups work under the umbrella of the G20 to develop policy recommendations that are formally submitted to G20 leaders for consideration.
In hosting its first G20 Presidency, it is an opportunity for the Kingdom to reflect its role regionally and internationally. The Saudi G20 Presidency began to host G20 meetings since 1 December 2019, leading up to the Leaders’ Summit in Riyadh on 21-22 November, 2020. The Saudi G20 Presidency will steer the collective work in 2020 under the theme of Realizing Opportunities of the 21st Century for All.
The Saudi G20 Presidency will steer the work of the G20 towards “Realizing Opportunities of the 21st Century for All.” The collective roadmap will focus on three aims:
“The Kingdom of Saudi Arabia is at the crossroads of three continents – Asia, Africa and Europe. In hosting the G20, the Kingdom will have an important role to play by sharing the perspective of the Middle East and North Africa region. We believe this will be a unique opportunity to shape consensus on international issues as we welcome the world to the Kingdom.”
HRH Prince Mohammed bin Salman Al-Saud
In hosting the G20 Presidency, it is an opportunity for the Kingdom to represent the Middle East and North Africa region, as well as the developing countries. It is also an opportunity to share its vision2030 that is closely align with the G20 objectives of macroeconomic stability, sustainable development, women empowerment, , and increased flow of trade and investment.
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The 2020 G20 meetings will be discussing the following: