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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.
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.
The 2010 G20 Seoul Summit was the fifth meeting of the G20 heads of government/heads of state, to discuss the global financial system and the world economy, [1] which took place in Seoul, the capital of South Korea. South Korea was the first non-G8 nation to host a G20 leaders' summit. [2]
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.
At the G20 summit on 15 November 2008, it was agreed that the membership of the FSF will be expanded to include emerging economies, such as China. The 2009 G20 London summit decided to establish a successor to the FSF, the Financial Stability Board (FSB) to include members of the G20 who had not been FSF members. [7]
The cyberattack during the Paris G20 Summit refers to an event that took place shortly before the beginning of the G20 Summit held in Paris, France in February 2011. This summit was a Group of 20 conference held at the level of governance of the finance ministers and central bank governors (as opposed to the 6th G20 summit later that year, held in Cannes and involving the heads of government).
During the G20 week a large variety of over 25 registered protest actions and marches were planned to take place in the city of Hamburg. [52] [53] They included an alternative Global Solidarity Summit from 5 to 6 July [54] and a peaceful dance-protest-march Lieber tanz ich als g20 with between 11,000 and 20,000 people attending on 5 July. [55]
Russia, as this year's chair, hosted the G20 finance ministers and central bank governors' meeting in Moscow on 15 and 16 February 2013. [7] While preparing for the September summit, the most pressing subject addressed – "desperately" according to Canadian Finance Minister Jim Flaherty – was protectionist actions such as competitive devaluations.