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The G20 was founded in 1999 in response to several world economic crises. [7] Since 2008, it has convened at least once a year, with summits involving each member's head of government or state, finance minister, or foreign minister, and other high-ranking officials; the EU is represented by the European Commission and the European Central Bank.
John James Kirton. John James Kirton (born 1948) [1] is professor emeritus of political science and the director and founder of the G7 Research Group, director and founder of the G20 Research Group, founder and co-director (with James Orbinski) of the Global Health Diplomacy Program, and founder and co-founder (with Marina Larionova of the Russian Presidential Academy of National Economy and ...
All five initial member states are members of the G20, with a combined nominal GDP of US$28 trillion (about 27% of the gross world product), a total GDP (PPP) of around US$65 trillion (35% of global GDP PPP), and an estimated US$5.2 trillion in combined foreign reserves (as of 2024). [54] [non-primary source needed]
At the G20 summit on November 15, 2008, it was agreed that the membership of the FSF will be expanded to include emerging economies, such as China. The 2009 G-20 London summit decided to establish a successor to the FSF, the Financial Stability Board. The FSB includes members of the G20 who were not members of FSF. [1]
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.
RIO DE JANEIRO (Reuters) -Leaders of the Group of 20 major economies began arriving on Monday at Rio de Janeiro's Modern Art Museum for their annual summit, bracing for a shift in the global order ...
Pages in category "G20 members" The following 21 pages are in this category, out of 21 total. This list may not reflect recent changes. A. African Union; Argentina;
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.