The Banking Executive Magazine - March 2023 Issue

G20 2023 including in key manufacturing hubs that has severely impacted the global economy. The Indonesian Presi- dency of the G20 recognized that the world is in need of more collective action and inclusive collaboration amongst the major developed coun- tries and emerging economies. The G20 Indonesian Presidency was based on the theme of "Recover To- gether, Recover Stronger". The prior- ity issues for the Indonesian Presidency were Global Health, Ar- chitecture, and Digital Transforma- tion, and Sustainable Energy Transition. The Indian G20 Presidency in 2023 The Indian G20 presidency focuses on the following issues: • Calling on the international com- munity to provide Afghanistan with immediate and unhindered access to humanitarian assistance. • Tackling the problem of black money and tax avoidance. • Equitable access to COVID-19 vaccines. • Enlarging the capital base of multi- lateral development banks to sup- port infrastructure needs of devel- oping countries. • Promoting transparency and in- tegrity with zero tolerance policy on corruption and black money. • Increasing labour mobility and skill portability. • Setting target goals for the transi- tion to clean energy, renewable en- ergy, reduction in cost, and universal access through technol- ogy transfer and financial support. • Calling for a comprehensive global framework for security to combat terrorism. • Global cooperation in securing cyber space and minimizing the use of internet and social media for terrorist activities. PRIORITIES OF INDIA G20 PRESIDENCY IN 2023 India is holding the Presidency of the G20 from December 1, 2022 to No- vember 30, 2023. The 43 Heads of Delegations, the largest ever in G20 will be participating in the final New Delhi Summit in September 2023. The theme of India’s G20 Presidency is “One Earth, One Family, One Fu- ture” affirms the value of all life (human, animal, plant, and microor- ganisms). The theme also spotlights LiFE (Lifestyle for Environment), with its associated, environmentally sus- tainable and responsible choices. A new working group on Disaster Risk Reduction is established under India's Presidency to encourage col- lective work by the G20, undertake multi-disciplinary research and ex- change best practices on disaster risk reduction. India G20 Presidency is hosting over 200 meetings in over 50 cities across 32 different workstreams. The Indian G20 presidency has also planned a year-long India Experience' for G20 member countries, special invitees, and others. PRIORITIES ON THE AGENDA OF THE INDIAN PRESIDENCY OF G20 IN 2023 INCLUDE: • Green Development, Climate Finance and Life: Climate change is a key priority for India’s presidential Presidency, ISSUE 171 MARCH 2023 the BANKING EXECUTIVE 17