G20 summit in 2023
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India is now hosting the 20 Summit Group in 2023, a year later than what was agreed earlier, the group leaders declared on Sunday.

“We thank Saudi Arabia for hosting the successful Riyadh Summit and for its contribution to the G20 process. We look forward to our next meetings in Italy in 2021, Indonesia in 2022, India in 2023, and Brazil in 2024,” said the G20 Riyadh Summit Leaders Statement, released at the end of the two-day conference of the world’s top 20 economies.

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Prime Minister Narendra Modi, among two dozen leaders, participated in the summit.

Sources said that India is looking forward to the G20 agenda in 2023 following the Italian and Indonesian Presidency.

On India, which is now holding a summit in 2023 instead of 2022, a source said The order to rotate the Presidency is decided among Member States on the basis of consultation and mutual convenience.”

The focus of this year’s summit, much of which took place virtually, was the Covid-19 pandemic.

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In the declaration, the G20 leaders vowed to resolve the vulnerabilities exposed by the crisis, to take the required measures to restore strength, and work to ensure that future generations are safer than we have been.

Leaders said they were taking urgent and exceptional steps to resolve the Covid-19 pandemic and its intertwined health, social and economic impacts.

“We, the leaders of the G20, meeting for the second time under the Saudi Presidency, stand united in our belief that coordinated global action, solidarity, and multilateral cooperation are more than ever needed today to overcome the current challenges and realise the opportunities of the 21st century for all by empowering people, safeguarding the planet and shaping new borders,” the Sai Declaration.

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“We are committed to leading the world in shaping a strong sustainable, balanced and inclusive post-Covid-19 era,” they said.

Leaders also extend their support to the Anti-Money Laundering (AML)/Counter-Terrorist Financing (CFT) policy responses outlined in the Covid-19 Financial Action Task Force (FATF) report.

They expressed their support for the FATF as a global standard-setting body to deter and fight money laundering, terrorist funding, and proliferation financing.