Brazil will host, in Rio de Janeiro, the G20 summit, the meeting of the leaders of the world’s largest economies, on the 18th and 19th.
The country assumed the presidency of the bloc in December 2023, which operates on a rotating basis, following India’s leadership.
The presidency of the bloc founded in 1999 works as follows: member countries are separated into five groups, generally regionally, and have a one-year mandate.
Among the responsibilities are organizing the G20 summit, defining the debated agenda and leading global discussions during the year in charge.
Each group has a turn to assume the presidency of the G20. After the event is held in one group’s country, the presidency is passed on to another, who decides internally who will assume leadership.
All countries in the current group are eligible for the bloc’s presidency. Negotiation and consensus among members is the criteria for selecting who will host the next G20 summit.
Before the summit held in Rio de Janeiro, group 3, formed by Mexico, Brazil and Argentina, assumed the presidency of the G20 in 2018. Argentina took the lead in the bloc, since Mexico had already been host in 2012 and due to its refusal of Brazil in assuming leadership of the bloc.
After Brazil, South Africa will be responsible for holding the event in 2025 and will assume the presidency on December 1st of this year. The African country is currently part of the Troika, a group formed by the previous president of the G20, the current one and the one who will take command.
In total, 11 of the 19 G20 member countries have already chaired the G20.
