Brazil To Take Over Rotating G20 Presidency

May 16, 2023
 
Brazil To Take Over Rotating G20 Presidency

 

The world’s largest economies will host the annual G20 heads of state summit next year in Rio de Janeiro, with Brazil taking over the rotating presidency from 1st December 2023.

The meeting of the economic powerhouses will take place on November 18th and 19 next year, which is expected to be the biggest event in the capital, since the city hosted the Olympic Games in 2016.

The G20 represents approximately 85% of the world’s GDP, over 75% of global trade and about two-thirds of the world’s population. It was formed two decades ago and each summit is considered the primary venue for international economic and financial cooperation.

Latin America is represented by Argentina, Mexico and Brazil, with the rest of the G20 made up of Australia, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom, United States and the European Union.

Rio de Janeiro, state Governor Claudio Castro confirmed the announcement on Twitter by stating “It’s official”.

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