India will invite Bangladesh as a Guest Country to take part in the G 20 meeting during its Presidency. The Ministry of External Affairs (MEA) said that as part of the G 20 tradition of inviting some Guest Countries and International Organisations (IO) to its meetings and summit, India has decided to invited Bangladesh, Egypt, Mauritius, Netherlands, Nigeria, Oman, Singapore, Spain and UAE as Guest Countries.
Also, apart from the regular International Organisations like UN, IMF, World Bank, WHO, WTO, ILO, FSB and OECD and Chairs of Regional Organisations AU, AUDA-NEPAD and ASEAN, International Solar Alliance (ISA), CDRI (Coalition for Disaster Resilient Infrastructure) and ADB (Asian Development Bank) will be included as Guest IOs.
Under its Presidency, India is expected to host over 200 G20 meetings across the country, beginning December 2022.
The G20, or Group of Twenty, is an intergovernmental forum of the world’s major developed and developing economies. It comprises 19 countries including Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, UK, USA and the European Union (EU). It was formed on 26 September 1999.
Collectively, the G20 accounts for 85 percent of global GDP, 75 percent of international trade and two-thirds of the world population, making it the premier forum for international economic cooperation.
India is currently part of the G20 Troika of Indonesia, Italy and India which is constituted by the current, previous and incoming G20 Presidencies. During India’s Presidency, the Troika would consist of India, Indonesia and Brazil. This would be the first time when the Troika would consist of three developing countries and emerging economies, providing them a greater voice, said the MEA.