G20
-
It is an international forum for the governments and central bank governors from 20 major economies.
-
Founded in 1999
-
Its aim was to review policy decisions to enhance international financial stability
-
It now deliberates on global economic issues and other important development challenges.
-
First Head of State Summit was held in 2008 (Due to Economic Crisis)
-
20 Members ( EU + 19 Countries) :
-
Argentina,
-
Australia,
-
Brazil,
-
Canada,
-
China,
-
France,
-
Germany,
-
India,
-
Indonesia,
-
Italy,
-
Japan,
-
South Korea,
-
Mexico,
-
Russia,
-
Saudi Arabia,
-
South Africa,
-
Turkey,
-
United Kingdom and
-
United States
-
-
G20 economies account for around 85% of the gross world product (GWP), 80% of world trade (or, if excluding EU intra-trade, 75%), and two-thirds of the world population.Secretariat: It does not have any permanent secretariat staff and its chairmanship rotates annually between nations divided into regional groupings.
-
G20 replaced G8 as the main economic council of wealthy nations.
-
Each G20 country is represented by its Sherpa, who plans, guides, implements, etc. on behalf of the leader of their respective country.
-
Commerce and Industry Minister is the current “G20 Sherpa” of India.
-
Map : (Blue : members, Pink : Guests) (Taken from Wikipedia. Not up to scale. For educational purpose only)
Latest Summit:
-
In 2021. Held in Rome, Italy.
-
Theme: “People, Planet, Prosperity”