This year’s G20 Summit was held in India amidst the shadows of a number of global crises, including the economic, food and security crises which were the main crises. Each member country (see list below) traveled to the summit carrying their own national interests, which they wanted to defend.

Perhaps the most basic factor is the absence of two prominent member country leaders, which is the server’s concern Political. Neither Chinese leader Xi Jinping nor Russian President Vladimir Putin will travel to the summit. As indicated by the American station CNNfor American leader Joe Biden, this means an opportunity he wants to capitalize on especially by debating climate change and the economy.

It is the representative of the American president who hopes for the effectiveness of the G20. “We hope that this G20 summit will show that the world’s major powers can work together even in difficult times. So when we go to Delhi, we will focus on providing assistance to developing countries, making progress on top American priorities, from climate to technology, and demonstrating our commitment to the G20 as a forum that can truly deliver results.” US national. registered counsel Jake Sullivan.

Meanwhile, Indian Prime Minister Narendra Modi will be able to use his hosting role. According to CNN, he is focusing on developing countries in the G20 and trying to strengthen his position as a global statesman. He was also interested in forging closer ties with Washington. However, India’s economy depends on the products of the Russian economy and, as a precautionary measure, does not even condemn Moscow’s aggression against Ukraine. It was India that suggested that Russian aggression should not be a high point on the summit agenda, the German server wrote DW.

One of the important participants in this Summit is the World Bank, which, together with other multilateral development banks, is working to increase the financial resources channeled to developing countries. World banking institutions finance various programs ranging from education, public health, to infrastructure development.

More recently, Beijing has sought to exercise its influence at the World Bank through its own credit program for developing countries, often leaving them in deep debt. “The World Bank’s reforms are not aimed at China, Beijing is a shareholder of the bank. However, this contrasts with the coercive and unsustainable scale of lending undertaken by the People’s Republic of China through the Belt and Road Initiative,” added Sullivan.

In addition, the United States is looking to increase funding for the bank, which other countries may also be considering. This will allow the bank to increase its credit capacity by up to 100 billion dollars. “The World Bank’s biggest shareholders all sit at the G20 table. We asked Congress to provide the funds we need to provide that $25 billion, but getting other countries to jump on board and be interested in this project is a big part of increasing that number to $100 billion,” he recalled.

Xi’s absence at the summit could help Biden emphasize the US commitment to developing countries. “Given the Chinese president’s absence, President Biden’s participation will stand out and send a message to the region and the world that the US commitment is strong and China may have other concerns,” said Yun Sun, head of the China Program at the Stimson Center. .

Who are the members of the G20?

It is one of the twenty largest economies in the world. These meetings are held at least once a year as part of a summit attended by the minister of finance or foreign minister or other senior political representative; The European Union is represented here by the European Commission and the European Central Bank. Other countries, international organizations and the like are also invited.

Namely the members of the G20 are: Britain, France, Germany, Italy, the European Union, Turkey, Russia (Europe); South Korea, Japan, India, Saudi Arabia, China, India (Asia); Brazil, Argentina (South America), South Africa (Africa); Canada, Mexico, United States (North America); and Australia.