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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.
These countries are considered major European powers and they are the Western European countries individually represented as full members of the G7, the G8, the G-10 and the G20. This also has an impact on the Eurovision Song Contest, when these countries added to Spain, are turned the BIG 5.
The Board includes all G20 major economies, FSF members, and the European Commission. Hosted and funded by the Bank for International Settlements, the board is based in Basel, Switzerland, [1] and is established as a not-for-profit association under Swiss law. [2] The FSB represented the G20 leaders' first major international institutional ...
The position of a chief negotiator can be traced back under varying names to the first years after the founding of the European Union, including the Intergovernmental Conference (IGC) meetings. The name was enshrined in an official document since 2005 with the designation of a high-profile group on competition regulation in the chemistry ...
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. Sherpa ...
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]
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 ...
A middle power is a state that is not a superpower or a great power, but still exerts influence and plays a significant role in international relations.These countries often possess certain capabilities, such as strong economies, advanced technologies, and diplomatic influence, that allow them to have a voice in global affairs.