Along with host nation Argentina, the participants include Australia, Brazil, Canada, China, the European Union, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Spain, Turkey, the United Kingdom and the United States.
Regional groups represented by Rwanda, Senegal and Singapore are also invited, as is Jamaica on behalf of the Caribbean Community (CARICOM).
Additionally, the host nation is able to invite other guests. Argentina invited Chile and the Netherlands this year.
The weekend is packed with meetings divided into two “channels.”
Meetings in the financial channel feature central bank presidents and finance ministers to discuss “global collaboration in financial and monetary policies, which may include issues such as investment in infrastructure, fiscal policy, inclusion and financial regulation.”
The second channel is the “Sherpas channel” which includes a variety of non-financial topics such as gender quality or energy.
The summit also encourages participation in “affinity groups” that deal with business, labor, youth and science, among other things.
Since the presidency of the summit changes each year, Argentina will participate in what is called a “troika” with last year’s president (Germany) and next year’s (Japan) to ensure “continuity in the group’s agenda.”
“The G20 Leader’s Summit is at risk of falling into disarray with the summit being overshadowed by items not on agenda, such as the United States and China trade war, Russia’s aggression against Ukraine and the presence of the Saudi crown prince,” Thomas Bernes of the Centre for International Governance Innovation, a Canada-based think tank focusing on global governance, told The Associated Press.
“The true test will be whether the other members of the G20 will act resolutely or whether will we witness the crumbling of the G20 as a forum for international economic cooperation.”
Ahead of the summit, Trump nixed a meeting with Putin, citing the seizure of Ukrainian ships and crews in the Black Sea by Russia.
“Based on the fact that the ships and sailors have not been returned to Ukraine from Russia, I have decided it would be best for all parties concerned to cancel my previously scheduled meeting in Argentina with President Vladimir Putin,” Trump announced in a tweet. “I look forward to a meaningful summit again as soon as this situation is resolved!”
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