G20 Summit 2024 was held from November 18 and 19 at the Museum of Modern Art (MAM) in Rio, Brazil. At the end of the summit, a 22-page G20 Rio de Janeiro Leaders' Declaration was issued by the leaders. In this summit, the leaders expressed support for an inclusive, transparent G20, strengthening the voices of underrepresented regions like Africa, and reaffirmed the commitment to continue global efforts. Keep reading to learn more about the G20 Summit 2024 outcome.
The G20 or (Group of Twenty) is an international forum formed to represent the world’s major economies, this influential body consists of 19 countries and and two regional bodies: the African Union and the European Union. Created in 1999, the G20 originally brought together finance ministers and central bank governors, but it has since evolved into a forum to address economic and social issues.
The G20 headquarters isn’t a permanent organisation, but it functions effectively through a rotating presidency that changes yearly. In 2024, Brazil hosted the G20 presidency , taking on the responsibility of setting the agenda and hosting the summit in Rio de Janeiro.
G20 Summit 2024 Overview | |
Category | Details |
Event Name | G20 Summit 2024 |
Theme | "Building a Just World and a Sustainable Planet" |
Host Country | Brazil |
Location | Museum of Modern Art (MAM), Rio de Janeiro |
Dates | November 18–19, 2024 |
Key Topics |
|
Brazil’s G20 Sherpa | Ambassador Mauricio Lyrio |
Brazil hosted the G20 Summit 2024, and under its presidency, committed to promoting an agenda that addressed critical issues affecting both developed and developing nations. The choice of Rio de Janeiro's Museum of Modern Art (MAM) as the venue highlighted Brazil's dedication to showcasing its cultural heritage while serving as a hub for dialogue on global challenges.
Now, South Africa will lead the G20 Summit 2025 presidency, emphasizing the need for an inclusive and sustainable approach to global governance.The theme of the G20 Summit 2024 was "Building a Just World and a Sustainable Planet," which reflected the summit's dual focus on social inclusivity and environmental stewardship. This theme emphasized that global prosperity must not come while compromising with justice or the environment. Under such aspiration, the G20 aims to encourage policies that promote equitable economic growth, protect vulnerable communities, and ensure that development efforts do not harm the planet.
The G20 Summit 2024 in Rio de Janeiro concluded with a mutual adoption of the Rio de Janeiro Declaration summarising the commitments and objectives agreed upon by member nations. The key highlights of this declaration are:
The list of G20 countries is comprised of 19 nations and the European Union, collectively representing a large majority of the world’s economic power:
List of G20 Countries and Dates of Membership | ||
Country | Date of Membership | Notes |
Argentina | 1999 | Founding member |
Australia | 1999 | Founding member |
Brazil | 1999 | Founding member |
Canada | 1999 | Founding member |
China | 1999 | Founding member |
France | 1999 | Founding member |
Germany | 1999 | Founding member |
India | 1999 | Founding member |
Indonesia | 1999 | Founding member |
Italy | 1999 | Founding member |
Japan | 1999 | Founding member |
Mexico | 1999 | Founding member |
Russia | 1999 | Joined as part of the transition to the G20 Summit |
Saudi Arabia | 2020 | Joined as part of the transition to the G20 Summit 2020 |
South Africa | 1999 | Founding member |
South Korea | 1999 | Founding member |
Turkey | 1999 | Founding member |
United Kingdom | 1999 | Founding member |
United States | 1999 | Founding member |
European Union | 1999 | Represents EU member states collectively |
African Union | 1999 | Represents AU member states collectively |
These members collectively account for about 85% of global GDP, 75% of international trade, and two-thirds of the global population, making the G20 Summit 2024 a powerful platform for global change.
The G20 headquarters is not fixed or established in any country, it operates freely as an informal group with a rotating presidency that sets the agenda and hosts the summit each year. Decisions made in the G20 are based on consensus, allowing all members to have an equal voice in determining the organization's future direction.
The G20 Summit 2024 in Rio de Janeiro united world leaders under the theme "Building a Just World and a Sustainable Planet. " Brazil’s presidency focused on promoting social inclusion, advocating for reforms in international institutions, and accelerating energy transitions. With pressing issues such as climate change, economic disparities, and global health challenges on the table, the summit represents a critical step toward a fairer, more sustainable global order.
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