The Banking Executive Magazine - March 2023 Issue

HOW IS G20 2023 SHAPING BANKING, FINANCE, AND THE DIGITAL ECONOMY? INTRODUCTION With the global economy facing un- certainty and instability, the role of the Group of Twenty (G20), as a plat- form connecting the world’s major developed and emerging economies, is gaining a greater significance in shaping global trends. The G20 Pres- idency of India in 2023 is focusing on issues of critical global impor- tance and is promoting sustainable growth and financial stability. It is ad- dressing a number of global chal- lenges such as reform of multilateral institutions, climate change, and fight against technology driven ter- rorism. The rise of the G20 repre- sents a significant development on the global economic horizon. This article presents an overview of G20 covering its historical evolution, its members and guest countries, how it works, and its various activi- the BANKING EXECUTIVE 14 ISSUE 171 MARCH 2023 BY DR SOHA MAAD