Prime Minister Narendra Modi and leaders from the world's major economies arrived here ahead of the G20 summit, being held against the backdrop of the Russia-Ukraine war that has added to the challenges brought about by the devastating Covid pandemic.
"Recover Together, Recover Stronger" - the theme picked by Indonesia when it took over the presidency of G20 a year ago appeared apt at that time for the group of the world's major economies fighting the effects of the Covid pandemic.
But just ahead of the November 15-16 summit of the Group of 20 in the upmarket Nusa Dua area of the resort Island, this slogan painted on buses and on billboards seems slightly dated. Russia's war in Ukraine has piled more economic challenges onto the world, threatening food and energy shortages.
Apart from the Russia-Ukraine conflict and its impact on the global economy, another interesting development was a meeting between US President Biden and his Chinese counterpart Xi Jinping on Monday.
The first face-to-face meeting between the two leaders concluded with both leaders agreeing on the need to manage their differences and prevent a conflict after marathon talks, amid Beijing's coercive military posturing against Taiwan and in the strategic Indo-Pacific region.
The relations between the two countries plummeted when US House Speaker Nancy Pelosi visited Taiwan in August, an event Beijing saw as a deliberate provocation. Beijing reacted with a series of military exercises around the self-ruled island.
Prime Minister Modi arrived Monday night to take part in the main sessions of the summit and some bilateral meetings, as world leaders began gathering here. Balinese dancers welcomed each delegation.
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Modi will have separate bilateral meetings with a number of leaders on the sidelines of the summit but it was not immediately clear if a separate meeting between Modi and Xi is in the works.
But if that happens, it would be the first one-on-one meeting between the two since the June 2020 Galwan Valley clash.
The two leaders attended the Shanghai Cooperation Organisation (SCO) summit in Uzbekistan's Samarkand in September but there was no official account of them sitting down for a bilateral meeting then.
Russian President Vladimir Putin, who has opted out of the Bali summit, is being represented by his foreign minister Sergei Lavrov.
But western leaders who seemed to be preparing for a possible showdown over Russia's invasion of Ukraine are unlikely to back down. Russia can expect flak, for instance, when the summit discusses food and energy security, one of three sessions on its official agenda.
Britain's new Prime Minister Sunak made his intention clear before leaving London for the meeting. This G20 Summit will not be business as usual, he declared.
There is also speculation over difficulties in drafting the summit communique, a consensus document, with the Ukraine issue becoming a stumbling block.
And there is talk that there could be trouble even when the leaders gather for the customary group photo at the end of the summit, with some possibly objecting to Lavrov being in the frame. Also, there is a possibility of host Indonesia getting Ukrainian President Vlodoymyr Zelensky to virtually address the gathering.
The G20 comprises 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK, the USA and the European Union (EU).
Together, they account for over 80 per cent of the global GDP, 75 per cent of international trade and two-thirds of the world population.
Indonesia's term as G20 president ends with this summit with India now set to take over from December 1.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)