G-20

The G20 (Group of Twenty) is an international forum of 19 countries and the European Union (EU) that works to address major global economic issues. It brings together the world’s largest economies to discuss and coordinate policies on trade, investment, climate change, and financial stability.

Key Facts About G20:

  1. Founded: 1999 after the Asian financial crisis
  2. Members: 19 countries + the European Union
  3. Permanent Guest: Spain
  4. Annual Summit: Attended by heads of state, finance ministers, and central bank governors
  5. Purpose: To promote global financial stability and economic growth

G20 Member Countries:

1.     Argentina

2.     Australia

3.     Brazil

4.     Canada

5.     China

6.     France

7.     Germany

8.     India

9.     Indonesia

10.  Italy

11.  Japan

12. Mexico

13. Russia

14. Saudi Arabia

15. South Africa

16. South Korea

17. Turkey

18. United Kingdom

19. United State

20. European Union (EU)

What Does G20 Do?

  • Economic Coordination: Discusses and coordinates global economic policies
  • Financial Stability: Works with institutions like the IMF and World Bank
  • Climate Change: Focuses on sustainability and green finance
  • Trade & Development: Promotes open trade and development assistance
  • Health & Global Crises: Responds to global challenges like COVID-19

The G20 does not have a permanent secretariat, and the presidency rotates annually among member countries. The host country sets the agenda for the year.

 

G20 Program on 3/4/2023