News Excerpt
Kingdom of Saudi Arabia will chair the first ministerial meeting of its kind for the anti-corruption working group in the G20 countries.

•    In June 2010 at the Toronto Summit, the G20 Anti-Corruption Working Group’s (ACWG) was set up.
•    Its primary goal is to prepare "comprehensive recommendations for consideration by leaders on how the G20 could continue to make practical and valuable contributions to international efforts to combat corruption".
•    The ACWG has led the G20 anti-corruption efforts coordinating the collective and national actions taken by its members.
•    The ACWG actively works with the World Bank Group, the OECD, the UNODC, the IMF, the FATF, as well as with the Business 20 (B20) and the Civil Society 20 (C20).
•    The World Bank and the UNODC are also involved in the ACWG through the active participation and contribution of Stolen Asset Recovery Initiative (StAR) to its work.
•    StAR plays an advisory role on asset recovery, anti-money laundering/counter-terrorism financing (AML/CTF), transparency & beneficial ownership, and income & asset disclosures.

    It has failed to provide leadership in in the face of most serious public health and economic crisis. This is surprising because corruption thrives during times of crisis when institutions and oversight are weak and public trust is low.
    There is a serious lack of coordination among ACWG and other Working Groups of G-20.
    Implementation of Anti-corruption commitments taken by countries has remained inconsistent.
    As corruption will worsen gender disparities, ACWG should adopt and implement specific measures to reduce the disproportionate impact that corruption has on women.
    The G20 (or Group of Twenty) is an international forum for the governments and central bank governors from 19 countries and the European Union (EU).
    Founded in 1999 with the aim to discuss policy pertaining to the promotion of international financial stability. Since inception, the recurring themes covered by G20 summit participants have related in priority to global economic growth, international trade and financial market regulation
    G20 has expanded its agenda since 2008 and heads of government or heads of state, as well as finance ministers, foreign ministers and think tanks, have periodically conferred at summits ever since.After the adoption of the UN Sustainable Development Goals and the Paris Climate Agreement in 2015, more "issues of global significance" were added to the G20 agenda: migration, digitisation, employment, healthcare, the economic empowerment of women and development aid.
    Collectively, the G20 economies account for around 90% of the gross world product (GWP), 80% of world trade or, if excluding EU intra-trade, 75%, two-thirds of the world population, and approximately half of the world land area.
    Since the November 2011 Cannes summit, G20 summits have been held annually.