The G20 and the Re-Calibration of Global Governance – Insights from the T20 Summit 2024 in Brazil
© Palácio do Planalto on flickr, Photo: Ricardo Stuckert/PR
In November 2024, Brazil concluded its G20 presidency with the handover to South Africa. Just one week before the G20 Leaders‘ Summit in Rio de Janeiro on 11-12 November 2024, think tanks and research organisations from around the world gathered for the Think20 (T20) Summit. They took stock of the uptake and implementation of the policy advice they provided to the G20 throughout the year. This blog post provides an overview of key discussions at the T20 Summit with a focus on the priorities under Brazil’s G20 presidency. It analyses to which extent Brazil has continued initiatives of India’s G20 presidency in 2023, and shares an outlook on the potential approach of the South African presidency in 2025.…
In Buenos Aires on 30 November and 1 December 2018, the G20 is having its 10th anniversary as a summit format at the leaders’ level. On 14 and 15 November 2008, this previously-obscure group of finance ministers and central bankers of the nineteen most “systemically relevant” countries and the EU was transformed into a forum for international leaders to meet with a view into the abyss of the global financial crisis that originated in the US and spread fast across the world. Ten years and 12 leaders’ summits later, the G20 has moved beyond its 2008-09 role as a crisis-management forum and became the self-described “premier forum for […] international economic cooperation.” In this capacity it is now facing new demands to tackle global challenges such as climate change, digitalization and pandemics. As its agenda has expanded and the urgency of the crisis fades, the G20 faces questions regarding its relationship to other formal institutions of global governance, such as the United Nations, its effectiveness in dealing with global challenges as well as its legitimacy and accountability vis-à-vis its people and the 174 non-members.