The G20 or Group of Twenty is an intergovernmental forum comprising 19 countries and the European Union. It works to address major issues related to the global economy, such as international financial stability, climate change mitigation, and sustainable development.
| About G20 | |
|---|---|
| Founded | 26 September 1999 |
| Founder | Group of Seven |
| Chairman | Joko Widodo, President of Indonesia |
| Members | 20 |
| Purpose | Bring together systemically important industrialized and developing economies to discuss key issues in the global economy. |
Key Points -
- The G20 was formed in 1999 in the backdrop of the financial crisis of the late 1990s, which particularly affected East Asia and Southeast Asia.
- The first G20 summit was held in the USA in 2008.
- The G20 represents all the inhabited continents, 80% of the world GDP, 75% of global trade and 60% of the world's population.
- The G20 or Group of Twenty is an intergovernmental forum consisting of 19 countries and the European Union.
- The G20 has no permanent secretariat.
- G20 Sherpas: Agenda and work are coordinated by representatives of the G20 countries, known as 'Sherpas', who work closely with the finance ministers and governors of the central banks.
- The presidency of the G20 is rotated among the members every year.
- The country that holds the presidency works together with its predecessor and successor, also known as the Troika, to ensure the continuity of the agenda.
Members of G20
The members of the G20 are:
- Argentina
- Australia
- Brazil
- Canada
- China
- European Union
- France
- Germany
- India
- Indonesia
- Italy
- Japan
- Mexico
- Russia
- Saudi Arabia
- South Africa
- South Korea
- Turkey
- United Kingdom
- USA
Trick to remember : "GURU JI SITA AB SSC FCI ME job karti hai"
- G → Germany
- U → USA
- R → Russia
- U → United Kingdom
- J → Japan
- I → India
- S → Saudi Arabia
- I → Indonesia
- T → Turkey
- A → Australia
- A → Argentina
- B → Brazil
- S → South Africa
- S → South Korea
- C → Canada
- F → France
- C → China
- I → Italy
- M → Mexico
- E → European Union
List of G20 Summits
G20 Summits |
|||
|---|---|---|---|
| Edition | Host Country | Host City | Date |
| 1st | USA | Washington DC | 2008 |
| 2nd | UK | London | April 2009 |
| 3rd | USA | Pittsburgh | September 2009 |
| 4th | Canada | Toronto | June 2010 |
| 5th | South Korea | Seoul | November 2010 |
| 6th | France | Cannes | 2011 |
| 7th | Mexico | San José del Cabo, Los Cabos | 2012 |
| 8th | Russia | Saint Petersburg | 2013 |
| 9th | Australia | Brisbane | 2014 |
| 10th | Turkey | Serik, Antalya | 2015 |
| 11th | China | Hangzhou | 2016 |
| 12th | Germany | Hamburg | 2017 |
| 13th | Argentina | Buenos Aires | 2018 |
| 14th | Japan | Osaka | 2019 |
| 15th | Saudi Arabia | Riyadh | 2020 |
| 16th | Italy | Rome | 2021 |
| 17th | Indonesia | Labuan Bajo | 2022 |
| 18th | India | - | 2023 |
| 19th | Brazil | - | 2024 |
Frequently Asked Questions
The current chair is held by Indonesia. The 2023 and 2024 summits will be hosted by India and Brazil respectively.
The G20 secretariat will be responsible for the implementation of overall policy decisions and arrangements needed for steering India’s forthcoming G20 Presidency.
The 17th G20 Heads of State and Government Summit will take place in15-16 November 2022 in Bali.
The first G20 summit was held in the USA in 2008.
