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Supreme Audit Institutions (SAls) Of G20 Countries

Supreme Audit Institutions (SAls) Of G20 countries:

The Comptroller & Auditor General of India (CAG) will chair SAI20 – the Engagement Group for Supreme Audit Institutions (SAls) of G20 countries in Goa.

  • The SAI20 Engagement Group of G20 was established in 2022 during Indonesia’s Presidency of the G20.
  • The constitution of SAI20 stems from a recognition of the role of SAIs in –
    • Promoting the efficiency, accountability, and transparency of public administration, and supporting SDG implementation.
    • Promoting intergenerational equity and addressing climate change concerns.
  • Two priorities for SAI20 deliberations: Blue economy and responsible Artificial Intelligence (AI).
  • The global annual value of the blue/ocean economy is ~$2.5 trillion.
  • About 90% of global trade by volume [75% by value] is carried out through sea routes.
  • Preparation of technology-driven tools to assess authorised development in coastal stretches and track marine water quality.