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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.
The group is dominated by China, which has the largest share of the group's GDP, accounting to about 70% of the organization total. [12] Some in the West consider BRICS institutions an alternative to institutions such as those led by nations of the G7 bloc , which are among the world's leading economies. [ 12 ]
Brazil is a founding member of the United Nations, the G20, BRICS, Unasul, Mercosul, Organization of American States, Organization of Ibero-American States, CPLP, and the Latin Union. Brazil is a regional power in Latin America and a middle power in international affairs, [5] with some analysts identifying it as an emerging global power. [6]
NEW DELHI (Reuters) -The African Union was made a permanent member of the G20, comprising the world's richest and most powerful countries, Indian Prime Minister Narendra Modi said at the bloc's ...
A Western-led push to condemn Russia's invasion of Ukraine dominated Tuesday's Group of 20 (G20) summit on the Indonesian island of Bali where leaders of major economies grappled with a dizzying ...
Brazil's President Luiz Inacio Lula da Silva has set his sights on giving the Global South a larger voice in world decision-making, using his country's presidency this year of the G20 group of ...
YI is one of the founding members of the G20 Young Entrepreneur's Alliance (G20 YEA) [73] and Commonwealth Alliance of Young Entrepreneurs – Asia Pacific (CAYE-A). [74] Through MASOOM, Gift an Organ and Road Safety projects, the organisation connects youth in development work. [75]
At the 1999 summit, the group helped launch the G20, a similar forum made up of the G7 and the next 13 largest economies (including the European Union), in order to "promote dialogue between major industrial and emerging market countries"; [58] the G20 has been touted by some of its members as a replacement for the G7. [59]