2022 G20 Bali summit
G20 summit

The 2022 G20 Bali summit (Indonesian: Konferensi Tingkat Tinggi G20 Bali 2022) was the seventeenth meeting of Group of Twenty (G20), a Head of State and Government meeting held in Nusa Dua, Bali, Indonesia. It was the first G20 summit hosted by Indonesia.
Indonesia's presidency began on 1 December 2021, leading up to the summit in the fourth quarter of 2022. The presidency handover ceremony was held as an intimate event, in which the G20 presidency gavel was transferred from Italian Prime Minister Mario Draghi to Indonesian president Joko Widodo at the close of the Rome summit. Preceding the G20 Leaders Summit, a youth engagement group of the G20, Youth20 (Y20) held its Y20 Indonesia 2022 Summit in Jakarta and Bandung in July 2022.
Background
Initially, Indonesia was slated to host the G20 Summit in 2023. However, as Indonesia was also slated to hold the Chairmanship of ASEAN in 2023, India which was slated to hold the summit in 2022 agreed to exchange presidency timings with Indonesia. "Indonesia will hold the G20 Presidency in DEC 2022 while India will hold the Presidency a year after", said Retno. Indonesia's presidency commenced on 1 December 2021, following the transfer of presidency from Italian Prime Minister Mario Draghi to Indonesian president Joko Widodo at the closing of the Rome summit.
Preparations
The Indonesian government budgeted Rp 674 billion (~USD 45 million) for the G20 events.
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