The leaders of the world’s 20 major economies, including both developed and developing nations, get together once a year for a conference called the G20 Summit. At the summit, world leaders will have the opportunity to discuss a diverse range of economic and political topics, as well as coordinate their efforts to address global concerns such as climate change, international trade, and international security.
The G20 was initially organized in 1999, but it didn’t hold its first summit until 2008, when it was in response to the worldwide financial crisis. Since that time, the summit has evolved into a significant forum for international collaboration on matters relating to economics and finance.
The countries of Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States of America, and the European Union are all members of the G20.
The themes that are discussed at each summit differ from one another based on the global backdrop as well as the priorities of the nation that is hosting the summit. The following is a list of some of the most important issues that have been discussed at recent summits:
The expansion of the economy and the development of new jobs
Commerce and financial investment
Energy and the changing of the climate
About terrorist attacks and safety
Development on a global scale and the fight against poverty
Digital economy and innovation
The Group of Twenty (G20) collaborates closely with a number of other international organisations, including the United Nations, the International Monetary Fund (IMF), and the World Bank, in order to address global concerns and advance economic and social progress.
A formal summit meeting of the heads of state and government is traditionally the culmination of a series of talks and events that normally take place over the course of several days during the G20 summit. It is the responsibility of the country that is playing host to organize the summit and decide the agenda, with input from the other countries that are members.