All eyes are on the island of Bali as it welcomes dozens of world and business leaders to the first ever G20 summit in Southeast Asia. Indonesia it is Southeast Asia’s only G20 member state and is the first nation in the region to host the annual Leadership Summit.
The G20 includes 19 advanced and emerging economies and the European Union. It was created in response to the 1999 Asian financial crisis. It addresses global issues relating to the global economy, such as financial stability, health, climate change and sustainable development.
Seventeen heads of state, including US President Joe Biden and Chinese Xi Jinping, will meet in Bali on November 15 and 16 in Nusa Dua. Russian President Vladimir Putin will miss the summit and will instead be represented by Foreign Minister Sergey Lavrov. The Russian invasion of Ukraine has deepened divisions within the group, reducing the chances of it finding a consensus on economic issues at the 2022 summit.
The friction remains within the group in regards climate change. China, India, Russia and Saudi Arabia blocked a deal on phasing out coal use and fossil fuel subsidies at a July 2021 meeting of environment ministers. Following Russia’s invasion of Ukraine, Germany and other G20 countries rescinded pledges to stop financing overseas fossil fuel projects.
As the 2022 host country, Indonesia has sought to frame the agenda around three pillars of post-pandemic macroeconomic policy: global healthcare architecture, digital transformation, and sustainable energy transition.
In addition to G20 members, such as China, the United States, Japan and the European Union, Indonesia has also invited others to observe the summit, including Singapore, Cambodia, Ukraine and the United Arab Emirates. World leaders from the business world, including Elon Musk and Bill Gates, will participate in the G20 business forum, known as the B20.
More than 18,000 security personnel, consisting of 14,300 military and police officers, will be deployed. Fourteen warships will be docked nearby, he said. Bali The airport expects to cater to 42,000 passengers during the two-day summit, while the immigration agency has vowed to deport any foreigners who interfere with the event.
Bali’s leaders are advising many of its 4.3 million residents to avoid public activities next week. Schoolchildren and workers near Nusa Dua have been told to study and work from home. They were told to limit traditional ceremonies and other religious activities to ensure “the smooth and successful implementation of the G20 presidency meeting for the good name of Indonesia, especially Bali,” said the regional secretary of the Dewa Made Indra island.
Indonesia it is the fourth largest nation in the world with over 267 million people. THE Village has more than 17,500 islands, including Bali, Borneo, Java, Lombok, Sumatra AND Sulawesi.
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