List of G20 Countries PDF

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File name	List of G20 Countries PDF
No. of Pages	6
File size	347 KB
Date Added	Jan 17, 2023
Category	Education
Language	English
Source/Credits	Drive Files

Overview of List of G20 Countries

The Group of G20 (G20) comprises Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom, and the United States along with the European Union. G20 members currently account for more than 80% of world GDP, 75% of global trade, and 60% of the global population.

The G20 was founded in 1999 after the Asian financial crisis as a forum for the Finance Ministers and Central Bank Governors to discuss global economic and financial issues. The G20 was later upgraded to the level of Heads of State/Government and was designated the “premier forum for international economic cooperation”. Since 2011, the G20 Summit is held annually, under the
leadership of a rotating Presidency. The G20 initially focused largely on broad macroeconomic policy, but it has since expanded its ambit to include trade, climate change, sustainable development, energy, environment, climate change, anti-corruption etc.

The objectives of the G20 are: a) Policy coordination between its members in order to achieve global economic stability, sustainable growth; b) To promote financial regulations that reduce risks and prevent future financial crises; and c) To create a new international financial architecture.

G20 groups 20 members as of 2022 are:

• Argentina
• Australia
• Brazil
• Canada
• China
• France
• Germany
• India
• Indonesia
• Italy
• South Korea
• Japan
• Mexico
• Russia
• Saudi Arabia
• South Africa
• Turkey
• United Kingdom
• United States
• The European Union.

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