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India will now host the Group of 20 Summit in 2023, a year later than previously agreed, group leaders said on Sunday.

“We thank Saudi Arabia for successfully hosting the Riyadh summit and its contribution to the G20 process. We look forward to our next meetings in Italy in 2021, Indonesia in 2022, India in 2023 and Brazil in 2024, ”said a statement from the leaders of the G20 summit in Riyadh, released at the end of the conference. two days of the 20 largest economies in the world. .

Read also | PM Modi calls for reform of multilateral organizations to ensure better global governance at the G20

Prime Minister Narendra Modi, among two dozen other leaders, attended the summit.

Sources said India looked forward to moving the G20 agenda forward in 2023 after the Italian and Indonesian presidencies.

Regarding India now hosting the summit in 2023 instead of 2022, a source said: “The order of rotation of the presidency is decided among member states on the basis of consultations and mutual convenience.”

This year’s peak, which for the most part took place virtually, was the Covid-19 pandemic.

In the statement, G20 leaders pledged to address the vulnerabilities exposed by this crisis, to take the necessary steps to recover stronger and to work to make future generations safer than we have been.

Leaders said they were taking immediate and exceptional action to address the Covid-19 pandemic and its interrelated health, social and economic impacts.

“We, the leaders of the G20, gathered for the second time under the Saudi presidency, are united in our conviction that coordinated global action, solidarity and multilateral cooperation are more necessary than ever to overcome the current challenges and seize the opportunities of the 21st century. for all by empowering people, saving the planet and shaping new frontiers, ”the statement said.

“We are committed to leading the world to shape a strong, sustainable, balanced and inclusive post-Covid-19 era,” they said in the statement.

Leaders are also extending their support to the anti-money laundering (AML) / the financing of terrorism (CFT) policy responses detailed in the Financial Action Task Force (FATF) document on Covid-19.

They reaffirmed their support for the FATF, as a global standard-setting body for the prevention and fight against money laundering, the financing of terrorism and the financing of proliferation.

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