G20 Summit

As the interviews are going on and IBPS also declared the PO Mains result, it becomes utterly important for you to keep up with the ongoing events around the world. And one of the most important event is the G20 Summit. After a barbaric terrorist attack in France, the leaders of the World top 20 nations seems gathered against the common agenda of Terrorism. So let's just brush up our knowledge.

About G20:

The Group of Twenty (also known as the G-20 or G20) is an international forum for the governments and central bank governors from 20 major economies. The members include 19 individual countries—Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom and the United States—along with the European Union (EU). The G-20 was founded in 1999 with the aim of studying, reviewing, and promoting high-level discussion of policy issues pertaining to the promotion of international financial stability. It seeks to address issues that go beyond the responsibilities of any one organization. Collectively, the G-20 economies account for around 85% of the gross world product (GWP), 80% of world trade (or, if excluding EU intra-trade, 75%), and two-thirds of the world population. The G-20 heads of government or heads of state have periodically conferred at summits since their initial meeting in 2008, and the group also hosts separate meetings of finance ministers and central bank governors.

G20 Summit in Antalya(Turkey)

In its first communique on a political issue, leaders of the world's richest and most powerful countries (G20), including Prime Minister Narendra Modi, on Monday vowed to conduct joint action against growing global terrorism as well as choking terror financing channels. The Antalya Summit is the first time the G-20 engaged in issues other than the economy and trade as world leaders released a statement denouncing the Paris attacks while vowing unity against terrorism. A dinner hosted by Turkish President Recep Tayyip Erdogan on "Global Challenges: Terrorism and Migration" formed the basis for the statement. Modi at the dinner had stated that some countries still use terror as "an instrument of state policy" and need to be isolated while terror financing should be criminalised. "We don't have a comprehensive global strategy to combat terrorism. And, we tend to be selective in using the instruments that we have," he said, adding that it was more important than what we face is how we respond to the threat.

The joint statement, issued at the end of the two-day G20 Summit, underlined that leaders reaffirmed that terrorism cannot be associated with any religion, nationality or ethnic group.

G20 leaders, including US President Barack Obama and Russian President Vladimir Putin, denounced the Paris attacks as "heinous" and reiterated that they would remain united in combating terrorism.

Expressing concerns over the growing flow of foreign terrorist fighters, G20 leaders demanded stepped-up border control and aviation security. They stressed on remaining committed to tackling financing channels of terrorism by enhanced cooperation on the exchange of information and by freezing the assets of terrorists.

The G20 leaders resolved to work together to prevent and suppress terrorist acts in "accordance with UN Charter and obligations under international law, including international human rights law, international refugee law and international humanitarian law, as well as through the full implementation of the relevant international conventions, UN Security Council Resolutions and the UN Global Counter Terrorism Strategy."