World leaders are set to meet in Buenos Aires today for the latest G20 Summit – the first time the forum has met in South America.
The summit is a forum which sees 19 leading countries and the European Union meet annually to discuss policies to address the world’s ‘most pressing challenges’.
The 19 members and the EU account for around two in three of the global population and nearly 80% of world trade.
Who will be there?
The member countries are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, and the United States.
Previous summits have also seen participants who are not permanent members of the G20 invited, and Spain is a permanent invited guest and will be represented in Argentina.
The summit’s hosts have also invited Chile and the Netherlands, while several partner organisations such as the African Union, Association of Southeast Asian Nations, International Monetary Fund, United Nations, World Bank, World Health Organisation and the World Trade Organisation are typically present.
What is the history of the G20?
The idea for the G20 started within the G7 meeting of finance ministers in 1999 who felt they needed a more broad group to address the world’s financial challenges.
After the financial crisis of 2008, the G20 worked on stabilising the world’s economy and also looks at markets, trade and development.
What is the difference between the G7 and G20?
The G7 is a group of the largest advanced economies in the world and comprises Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. Russia was previously a member of the then G8 but was ejected over the annexation of Crimea.
The G7 has a stronger focus on politics in industrialised countries, including discussions on health, energy, environment and terrorism, while the G20 looks at economic issues facing developed and emerging economies.
What will be the focus of the G20 summit in Argentina?
President Mauricio Macri said the slogan of the summit is a ‘fair and sustainable future’ with a focus on ‘putting people first’ and ‘building consensus’.
Discussions at the event take place behind closed doors, but the aim is to create a final document which all members agree on to promote ‘fair and sustainable development’.
What will Theresa May be discussing?
Theresa May has vowed to maintain Britain’s defence of the sovereignty of the Falkland Islands at the summit.
She is expected to hold one-on-one talks with President Macri, particularly about The Falklands, though they are not expected to dominate talks which will focus on trade.
The Prime Minister also faces potentially more awkward encounters in Buenos Aires with Saudi Arabia’s Crown Prince Mohammed bin Salman in the wake journalist Jamal Khashoggi’s murder and Russia’s Vladimir Putin following the poisoning of Sergei Skripal in Salisbury and the seizure of Ukrainian ships.
Mrs May earlier said: ‘The message I give will be very clear. It is the message we have consistently given on this issue of Jamal Khashoggi and the issue of Yemen.
‘In relation to Mr Khashoggi, we want to see a full and transparent investigation of what happened and those responsible being held to account.
‘With the issue of Yemen, we continue to be deeply concerned about the humanitarian situation. The long-term solution for Yemen is a political solution, and we will be encouraging the parties to work for that political solution.’