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Russia takes the lead in the G20 for the first time

The G20 is an informal forum of the world's major economies. The G20 members' share in global GDP is around 90%, they account for 80% of global trade volumes. Currently, the G20 comprises 19 countries and the European Union. Besides Russia and the EU, the G20 includes: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Republic of Korea, Saudi Arabia, South Africa, Turkey, the United Kingdom and the United States of America.

The role of the presiding country is to organize the G20 leaders' annual summit, as well as to work consistently during the year on stimulating policy coordination on the pressing issues of the global economic agenda.

The Leaders' Summit under Russia's Presidency will be the key event of the next year. The meeting will take place in St. Petersburg on September 5-6, 2013. In December, 2012, Russia is hosting the initial G20 Presidency events in Moscow.

The Think 20 Meeting, an international meeting of the representatives of world's leading expert groups, will take place on December 11. The seminar is organized by the Russian Presidential Academy of National Economy and Public Administration in cooperation with the Mexican Council on Foreign Relations and the Lowy Institute for International Policy (Australia). The key findings of the Think 20 will be finalized as recommendations on global governance, improvement of the G20 operation and strategy for sustainable economic growth, as well as other important issues on the global agenda, which will be by all means recognized by Russia's Presidency.

A number of events is scheduled for December 12:

- Sherpas Meeting. A Sherpa is a personal representative of a G20 member head of state or government. Sherpas are involved in scheduling and negotiations throughout preparatory process throughout the year. They work on coordinating the agenda and seeking a consensus at the top political level. They are engaged in the drafting of declarations and other relevant documents for the G20 Leaders. Russia's Sherpa and representative of the Russian President on the issues of the Group of major industrial economies and liaisons with representatives of G20 leaders is Ms. Ksenia Yudaeva, Chief of the Presidential Experts’ Directorate.

- The Civil 20 Seminar. Needless to reiterate the importance of maintaining an efficient dialogue between the decision-makers and civil society and consider its opinions and recommendations on the high level in order to ensure the legitimacy of the G20 resolutions and raise public awareness and support. Russia acknowledges the role of civil society in facilitating transparency, analysis and assessment of government policies. Engagement of the civil society in the work of the Group of Twenty is also significant in terms of communicating the commitments of the G20 leaders, as well as provisional results of their implementation, to the civil society.

- The Business 20 Seminar. Leaders of the global business community also have a stake in addressing the current global agenda under the Russian Presidency of the G20. The Business 20 activity - recommendations for global businesses - is traditionally coordinated by the presiding country's business leaders. The Business 20 agenda for the upcoming year includes the issues of trade and investment, development of financial markets with regard to sustainable and balanced growth, development of human resources and increased employment rates; utilization of new technology, anti-corruption measures and approval of the best global practices in corporate management.

The Conference on the Russian Presidency in G20 "Fostering Economic Growth and Sustainability" will take place on December 13. Russia will officially present the priorities of its presidency. The leaders of the Civil 20, Business 20 and Think 20 will deliver on the outcomes of the seminars. Other speakers include representatives of Youth 20 and Labour 20.