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The G20 or Group of 20 is an intergovernmental forum comprising 19 sovereign countries, the European Union (EU), and the African Union (AU). [2] [3] It works to address major issues related to the global economy, such as international financial stability, climate change mitigation and sustainable development, through annual meetings of Heads of State and Heads of Government.
G20 engagement groups and pre-conferences are meetings with various stakeholders. These groups make policy recommendations to G20 leaders and help shape the summit agenda. Sherpas are senior officials who represent their respective countries and play a crucial role in preparing the agenda and negotiating outcomes for G20 meetings.
The 2008 G20 Washington Summit on Financial Markets and the World Economy was the first meeting, held in Washington, D.C., United States.It achieved general agreement amongst the G20 on how to cooperate in key areas so as to strengthen economic growth, deal with the 2007–2008 financial crisis, and lay the foundation for reform to avoid similar crises in the future.
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The G20 urged the resumption of grain, foodstuffs and fertilizer shipments from Russia and Ukraine, saying it was necessary to feed people in Africa and other parts of the developing world.
The G20 developing nations (and, occasionally, the G21, G23 or G20+) is a bloc of developing nations established on 20 August 2003. Distinct and separate from the G20 major economies, the group emerged at the 5th Ministerial WTO conference, held in Cancún, Mexico, from 10 September to 14 September 2003. The group accounted for 60% of the world ...
Debt-stricken nations that are also highly vulnerable to the climate crisis have paid a staggering $50bn (£39bn) to G20 creditors since the onset of the Covid-19 pandemic, according to a new ...
Decarbonisation rates in the Group of Twenty (G20) economies slumped to their lowest level in two decades last year, consulting firm PwC said, falling short of what is needed to reach the world's ...