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List of G20 Countries PDF
The G20, also known as the Group of Twenty, is an influential forum that brings together 19 countries plus the European Union. These countries are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, and the United States. Together, these nations account for more than 80% of the world’s GDP, 75% of global trade, and 60% of the global population. The G20 was established in 1999 following the Asian financial crisis.
It was created as a platform for Finance Ministers and Central Bank Governors to address and discuss global economic and financial issues. Prior to the formation of the G20, the G7, which includes Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, had been meeting regularly since the mid-1980s at the finance minister and central bank governor level.
Since its inception, the G20 has played a crucial role in shaping global economic policies. In 2008, during the global financial crisis, the leaders of the G20 countries began meeting regularly to address the challenges posed by the crisis. This marked a significant shift in the forum’s role, elevating it to the premier international economic forum.
The G20 leaders’ meetings have continued to be held annually, providing a platform for high-level discussions on global economic issues. The G20’s main objective is to promote global economic stability and sustainable growth. The forum focuses on a wide range of issues, including financial regulation, trade, investment, employment, and development. Through dialogue and cooperation, the G20 aims to foster international economic cooperation and find common solutions to global challenges.
The annual leaders’ summit, the G20 holds various ministerial meetings throughout the year. These meetings cover areas such as finance, agriculture, energy, and health. These gatherings provide an opportunity for ministers to exchange ideas, share best practices, and coordinate policies to address pressing global issues. The G20’s influence extends beyond its member countries. It actively engages with international organizations, such as the International Monetary Fund, World Bank, and the World Trade Organization, to ensure coordination and cooperation in addressing global economic challenges.