Title : THE ANTI-CORRUPTION WORKING GROUP

Date : Feb 08, 2022

Description :

GS II

 

Topic à International Relations:

 

 

• Context:

 

• The G20 Working Group on Anti-Corruption, for the first time including sports as clearly within its jurisdiction, and thus has reached an agreement on high-level principles of Prevention and Combating Corruption.

 

• All about the ACWG:

 

• It was launched by G20 leaders at the 2010 Toronto conference.
• It is responsible for reviving and implementing the G20 Anti-Corruption Program.
• Submits its reports to the G20 leaders.
• It works closely with and supports the activities of relevant international organizations, including the Organization of Economic Cooperation and Development, the United Nations, the World Bank, the International Monetary Fund and the Financial Action Task Force.

 

• What is the G-20:

 

• The G20 is an annual conference of leaders from economically and rapidly developing countries.
• Its members make up 85% of the world's GDP, and two-thirds of its population.
• The G20 summit is officially known as the "Conference on Financial Markets and the Global Economy".

 

• Genesis of G-20:

 

• Following the Asian Financial Crisis in 1997-1998, it was agreed that the participation of major emerging market markets is necessary in the management of the global financial system, and G7 finance ministers agreed to establish a G20 Finance Minister meeting and the Central Bank Executive Meeting in 1999.

 

• Full G20 membership countries are:

 

• Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, United Kingdom, United States and the European Union.

 

• What is a G-20:

 

• The G20 developing countries, also known as the G21 / G23 / G20 + is an association of developing countries that was launched on August 20, 2003.
• Its origins can be traced to the Brasilia Declaration signed by the foreign ministers of India, Brazil and South Africa on June 6, 2003.
• The G20 + caters for 60% of the world's population, 26% of agricultural exports and 70% of its farmers

 

• Source à The Hindu

Tags : G20,G20 +