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NATO Summit 2022 Concludes in Madrid

NATO Summit 2022: NATO Summit 2022 Concludes in Madrid_50.1

The 2022 NATO Madrid Summit was held in Madrid, Spain, from June 28 to 30, 2022. This was the 32nd edition of the summit, since the first summit meeting held in Paris in 1957. The Summit was chaired by NATO Secretary General Jens Stoltenberg. The heads of state and heads of government of NATO member and partner countries participated in the three-day Summit. NATO summit meetings is a platform for member countries to evaluate and provide strategic direction for Alliance activities.

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Key points of the Summit:

  • During the Summit, 22 NATO members agreed to launch the NATO Innovation Fund. It is a multi-sovereign venture capital fund that will invest 1 billion euros ($1.05 billion) in startups and other venture capital funds that develops emerging technologies for both civilian and military use.
  • NATO leaders on Wednesday agreed to strengthen the alliance’s forward defenses, enhance the bloc’s battlegroups on its eastern flank and increase the number of high readiness forces to more than 300,000.
  • During the Summit, NATO’s closest partners Finland and Sweden were invited to join the Alliance.

Important takeaways for all competitive exams: 

  • NATO Formation: 4 April 1949;
  • NATO Headquarters: Brussels, Belgium;
  • NATO Secretary General: Jens Stoltenberg;
  • NATO Total Member: 30;
  • NATO Last member of NATO: North Macedonia.

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