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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 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 ...
The organization promotes economic development and regional integration. [8] It launched the South Asian Free Trade Area in 2006. [ 9 ] SAARC maintains permanent diplomatic relations at the United Nations as an observer and has developed links with multilateral entities, including the European Union .
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.
World leaders earlier agreed to add the African Union as a permanent member of the G20 bloc
The G20 account for 85% of the world’s economic output, 75% of world trade and contain two-thirds of the global population. By contrast, even BRICS+ accounts for just 36% of global GDP and less ...
The Global Governance Group (3G) [4] is an informal group of smaller and medium-sized countries with the aim of providing greater representation to its member countries and collectively channeling their views into the G20 process more effectively.
Russian Foreign Minister Sergei Lavrov called the G20 summit in India a success and said that due to the consolidated position of the countries of the global south, Russia managed to ensure the ...