Introduction To The G20

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INTRODUCTION

TO G 2 0

The G20 is an international forum that brings together the world's


largest developed and developing economies. It serves as a platform for
these nations to discuss and coordinate global economic, financial, and
geopolitical policies.

by Sanwal Shah
History and Purpose of the
G20 1999 Present
The G20 was founded in the wake of the The G20 continues to tackle pressing
1997- 98 Asian financial crisis, with the aim global challenges, from climate change to
of promoting global financial stability and sustainable development and pandemic
economic growth. response.

1 2 3

2008
The G20 took on a more prominent role
during the 2008 global financial crisis,
leading coordinated efforts to address the
economic downturn.
Member Countries and Representation
Member Representation Rotating Presidency
s
The G20 comprises 19 Each member country is The G20 presidency rotates
countries, including the represented by its head of annually, with the hosting
world's largest economies, as state or government, along nation setting the agenda for
well as the European Union. with the central bank governor the year.
and finance minister.
Key Areas of Focus

1 Economic and Financial Stability 2 International Trade and


Promoting strong, sustainable, balanced,
Investment
and inclusive global economic growth. Fostering an open and rules-based
multilateral trading system.

3 Climate Change and Sustainable 4 Global Health and Pandemic


Development Response
Addressing global challenges such as Coordinating efforts to strengthen global
climate change, environmental protection, health systems and respond to pandemics.
and social inclusion.
Summits and Meetings
Annual Summits
1 G20 leaders meet annually to discuss and coordinate global economic
and financial policies.

Ministerial Meetings
2 Finance ministers, central bank governors, and other officials hold regular
meetings to prepare for the leaders' summits.

Working Groups
3 Specialized working groups focus on specific issues, such as development, anti-
corruption, and climate change.

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