Geopolitics and Markets Review – 11th September 2023

India's G20 Summit

India hosted this year’s iteration of the G20 summit. What were the key takeaways from this year’s summit? And who were the real winners?

G20 Countries

· India

· United States

· Australia

· United Kingdom

· Indonesia

· Germany

· Russia

· China

· France

· Argentina

· Saudi Arabian

· Turkey

· Japan

· Italy

· Mexico

· Canada

· Brazil

· South Korea

· South Africa

· The EU

Spain is also a permanent guest.

Whoever hosts the G20 presidency decides the agenda. So what did India decide should be included in this year’s agenda?

Photo by Darklabs India on Unsplash

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The Agenda

The theme for the summit was “Vasudhaiva Kutumbakam”, which means One Earth, One Family, One Future.

Key topics raised included:

· Digital Public Architecture

· Virtual Digital Assets

· Climate Finance for Developing Countries

· Development Bank Reform

· Reform of Urban Infrastructure Financing Practices

· Debt Vulnerabilities of Crisis-hit Low- and Middle-Income Countries

· International Taxation

· Reform of the World Bank and IMF

· Cryptocurrency Rules

· Food and Energy Security

· Climate Change

· Economic and Social Impacts of the Russia-Ukraine War