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About the G20

The G20 is the international forum that brings together the world’s major economies. Its members account for more than 80% of world GDP, 75% of global trade and 60% of the population of the planet.

The forum has met every year since 1999 and includes, since 2008, a yearly Summit, with the participation of the respective Heads of State and Government.

In addition to the Summit, ministerial meetings, Sherpa meetings (in charge of carrying out negotiations and building consensus among Leaders), working groups and special events are organized throughout the year.

Population
Population

60%

of the world
population

Economy
Economy

80%

of global
GDP

Trade
Trade

75%

of global
exports

Participants

The G20 members are: Argentina, Australia, Brazil, Canada, China, France, Germany, Japan, India, Indonesia, Italy, Mexico, Russia, South Africa, Saudi Arabia, South Korea, Turkey, the United Kingdom, the United States, and the European Union. Spain is also invited as a permanent guest.

Each year, the Presidency invites guest countries, which take full part in the G20 exercise. Several international and regional organizations also participate, granting the forum an even broader representation.

How the G20 works

The G20 does not have a permanent secretariat: its agenda and activities are established by the rotating Presidencies, in cooperation with the membership.

A “Troika”, represented by the country that holds the Presidency, its predecessor and its successor, works to ensure continuity within the G20.

The Troika countries are currently Saudi Arabia, Italy and Indonesia.

The Finance Track

Within the G20 process, a particular place is reserved for the “Finance Track”, which includes the meetings held among Finance and Economy Ministers, Central Bank Governors, Vice Ministers and Sherpas (negotiators) designated by the respective economic ministries.

The Finance Track mainly focuses on economic, financial, monetary and tax issues. The outcome of this process flows into the broader “Communiqué”, traditionally adopted by the G20 Heads of State and Government at the end of the Summit.

G20 EMPOWER

The G20 Alliance for the Empowerment and Progression of Women’s Economic Representation is a special initiative that aims at accelerating women’s leadership and empowerment in the private sector by leveraging its unique alliance among business leaders and governments across the G20 countries. Launched during the 2019 G20 Summit in Japan and established during the 2020 Saudi Presidency, G20 EMPOWER includes 27 Members from G20 and guest countries.

G20 Innovation League

Hosted by the G20 Italian Presidency, the G20 Innovation League is a unique event dedicated to sharing views and innovative solutions to key global challenges and to fostering international cooperation.

The event will involve G20 Members and guest countries, relevant institution representatives, as well as innovation ecosystem players such as VC funds, innovative startups, experts and key businesses in each of the focus areas.

Origins of the G20

In 1999, in the wake of the 1997 economic crisis, the G7 Finance Ministers announced the creation of the “Group of 20”, aimed at including other countries in their discussions related to global economics and finance. The first official meeting of the G20 was held in Berlin in December that same year.

Following the 2008 financial crisis, the United States proposed to increase the level of participation of the G20 to Heads of State and Government.

At the 2009 Pittsburgh Summit, the Heads of State and Government decided to institutionalize the G20 as the main forum for global economic and financial cooperation.

The G20 Leaders have met every year since 2010.

  1. Riyadh (Virtual)

    Riyadh (Virtual)

    November 21th-22th 2020

  2. Osaka

    Osaka

    June 28th-29th 2019

  3. Buenos Aires

    Buenos Aires

    November 30th 2018

  4. Hamburg

    Hamburg

    July 7th-8th 2017

  5. Hangzhou

    Hangzhou

    September 4th-5th 2016

  6. Antalya

    Antalya

    November 15th-16th 2015

  7. Brisbane

    Brisbane

    November 15th-16th 2014

  8. St. Petersburg

    St. Petersburg

    September 5th-6th 2013

  9. Los Cabos

    Los Cabos

    June 18th-19th 2012

  10. Cannes

    Cannes

    November 3th-4th 2011

  11. Seoul

    Seoul

    November 11th-12th 2010

  12. Toronto

    Toronto

    June 26th-27th 2010

  13. Pittsburgh

    Pittsburgh

    September 24th-25th 2009

  14. London

    London

    April 1th-2th 2009

  15. Washington

    Washington

    November 14th-15th 2008