Emerging Markets (EMs) are playing an increasingly large role in the global economy. In many ways, they are in the driver's seat when it comes to global growth - accounting foralmost two-thirds last year. This group also plays an increasingly important role in globalpolicymaking—at the G20 and other fora. At the same time, in many places, they continueto face challenges of poverty, inequality, and lack of “voice” in the current globalarchitecture. There is also the issue of how EMs can best navigate the emergence of seriousgeopolitical tensions and their potential impact on trade, growth and jobs. For example, theIMF has estimated what could happen if the world slid into a scenario of two rivalgeopolitical blocs and estimated that it could cut future global GDP by up to 7 percent.

- Major challenges and opportunities facing EMs today and in the period ahead - How can EMs best navigate potential costs of geoeconomic “fragmentation”? - How can the financing needs of the EMs be met, especially under the existential challenge of climate change which are shared in common with advanced economies? - What about the role of EMs in the multilateral institutions?