The G20 (or G-20 or Group of Twenty) is an international forum for the governments and central bank governors. Member
countries include:
Germany, India, Indonesia, Italy, Japan, Mexico, the Republic of Korea, the Russian Federation, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States, and the European Union (plus Spain as a permanent guest member, invited in a vote by the
community).
Founded in 1999, the G20
aims to discuss policy pertaining to the promotion of international financial
stability. It seeks to address issues that go beyond the responsibilities
of any one organization.
The G20 heads of government or heads of state have periodically
conferred at summits since their initial meeting in 2008, and the group also
hosts separate meetings of finance ministers and foreign ministers due to the expansion
of its agenda in recent years.
Membership of the G20
consists of 19 individual countries plus the European Union (EU). The EU is
represented by the European Commission and by the European Central Bank. Collectively, the G20 economies account for around 85% of the gross world product (GWP), 80% of world trade (or, if excluding EU intra-trade, 75%), two-thirds of
the world population, and approximately half of the world land area.
Norb Leahy, Dunwoody
GA Tea Party Leader
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