- The G20(Group of Twenty) is an international forum for the governments and central bank governors from 19 countries and the European Union.
- Founded in 1999 with the aim to discuss policy pertaining to the promotion of international financial stability.
- The G20 economies account for around 90% of the gross world product (GWP), 80% of world trade, two-thirds of the world population and approximately half of the world land area.
- The group's chair rotates annually among the members and is selected from a different regional grouping of countries.
- The G20 operates without a permanent secretariat or staff.
- The 2021 summit is planned to be held in Italy. The 2022, 2023 and 2024 summits will be hosted by Indonesia, India and Brazil respectively.
Member Countries of G20
- Group 1
- Australia
- Canada
- Saudi Arabia
- United States
- Group 2
- India
- Russia
- South Africa
- Turkey
- Group 3
- Argentina
- Brazil
- Mexico
- Group 4
- France
- Germany
- Italy
- United Kingdom
- Group 5
- China
- Indonesia
- Japan
- South Korea