Category : G20
The G20 or Group of 20 is an intergovernmental forum comprising 19
sovereign countries, the European Union (EU), and the African Union (AU).
[3] It works to address major issues related to the global economy, such as
international financial stability, climate change mitigation and sustainable
The G20 is composed of most of the world’s largest economies‘ finance
ministries, including both industrialised and developing countries; it accounts
for around 80% of gross world product (GWP),[5] 75% of international trade,
[b] two-thirds of the global population,[6] and 60% of the world’s land area.
The G20 was founded in 1999 in response to several world economic crises.
[7] Since 2008, it has convened at least once a year, with summits involving
each member’s head of government or state, finance minister, or foreign
minister, and other high-ranking officials; the EU is represented by
the European Commission and the European Central Bank.[8][9][c] Other
countries, international organizations, and nongovernmental organizations are invited to attend the summits, some permanently.