Context:
Recently, the Minister of Education addressed the G-20 Education Ministers’ Meeting in Bali, Indonesia.
Relevance:
GS II: International Relations
Dimensions of the Article:
- Key Highlights of the Meeting
- About G20
- Structure and functioning of G20
Key Highlights of the Meeting:
- Theme: Recovery, Re-imagine and Rebuild Stronger.
- The G20 presidency is scheduled to move from Indonesia to India in December 2022.
- It Emphasized on the importance of sharing mutual experiences & working together to create a new world in which education remains the nodal point for addressing common challenges.
- The National Education Policy 2020, based on the foundational principles of access, equity, quality, affordability and accountability is India’s guiding light for promoting lifelong learning opportunities and achieving the shared vision of G20.
- Highlighted India’s rapid strides towards building a more resilient and inclusive education and skilling ecosystem and realising the creative potential of each learner through the implementation of NEP 2020.
- India is giving special emphasis on formalizing early childhood care & education, supporting differently-abled children, boosting digital and multi-modal learning, flexible entry-exit pathways, integrating education with skills, which are keys to improve learning outcomes.
About G20
- The G20 is an informal group of 19 countries and the European Union, with representatives of the International Monetary Fund and the World Bank.
- The G20 membership comprises a mix of the world’s largest advanced and emerging economies, representing about two-thirds of the world’s population, 85% of global gross domestic product, 80% of global investment, over 75% of global trade and roughly half the world’s land area.
- The members of the G20 are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States, and the European Union.
- Spain as a permanent, non-member invitee, also attends leader summits.
Structure and functioning of G20
- The G20 Presidency rotates annually according to a system that ensures a regional balance over time.
- For the selection of presidency, the 19 countries are divided into 5 groups, each having no more than 4 countries. The presidency rotates between each group.
- Every year the G20 selects a country from another group to be president.
- India is in Group 2 which also has Russia, South Africa and Turkey.
- The G20 does not have a permanent secretariat or Headquarters.
- The work of G20 is divided into two tracks:
- The Finance track comprises all meetings with G20 finance ministers and central bank governors and their deputies. Meeting several times throughout the year they focus on monetary and fiscal issues, financial regulations, etc.
- The Sherpa track focuses on broader issues such as political engagement, anti-corruption, development, energy, etc.
- Since 2008, the group convenes at least once a year, with the summits involving each member’s head of government.
-Source: The Hindu
