India to host G-20 summit in 2023

India is set to host the G-20 summit in 2023. India had plans to host the summit in 2022- the 75th year of Independence, but decided to swap with Indonesia. Indonesia will assume G-20 presidency in 2022 . India and Indonesia agreed to the change of plan.

This year Saudi Arabia hosted G-20 summit. “We look forward to our next meetings in Italy in 2021, Indonesia in 2022, India in 2023 and Brazil in 2024,” the G-20 Riyadh Summit Leaders Declaration said.

Meanwhile, Prime Minister Narendra Modi reiterated the importance of reforms in multilateral organisations to ensure better global governance for faster post-covid recovery.

A G-20 declaration said the leaders “are committed to leading the world in shaping a strong, sustainable, balanced and inclusive post COVID-19 era”. On terrorist financing, the G-20 declaration said, “We support the Anti-Money Laundering/Counter-Terrorist Fin-ancing policy responses detailed in FATF’s paper on COVID-19, and reaffirm our support for the FATF, as the global standard-setting body for preventing and combating money laundering, terrorist financing and proliferation financing.”