G20 Summit 2024: History, schedule, list of countries

The G20, or Group of 20, is an international forum consisting of the governments and central bank governors of 19 countries and the European Union. Established in 1999, the G20’s goal is to address global economic and financial issues, promote financial stability, and promote sustainable and inclusive economic growth. By providing a platform for member countries to discuss and coordinate policy, the G20 plays an important role in the global economy.

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History of G20

The establishment of the G20 was carried out after the Asian financial crisis of 1997-1998. The crisis highlights the need for better coordination among major economies to address global economic challenges. Initially, the G20 functioned as a meeting of finance ministers and central bank governors, but it was upgraded to a leadership summit in 2008 in response to the financial crisis. Global. Since then, the G20 has played a key role in shaping the international economic agenda and coordinating global economic policies.

List of G20 countries

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The G20 group includes 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey , the United Kingdom, the United States of America and the European Union. These members account for about 85% of world GDP, 75% of total international trade and two-thirds of the global population. In addition to these member countries, the G20 also invites guest countries and international organizations such as the United Nations, World Bank, International Monetary Fund (IMF), Organization for Economic Cooperation and Development (OECD), ASEAN, etc. participate in its annual meetings. .

Chairman of the G20 Summit 2024

On December 1, 2023, Brazil succeeded India as G20 president, forming a triumvirate of three Global South members—India, Brazil, and South Africa—as well as IBSA. In 2022, India followed Indonesia in initiating a four-year effort to prioritize the concerns of the Global South amid challenging issues such as climate change, geopolitical instability, inequality and debt. More action is needed, even as Indonesia and India make some progress in negotiations on climate action, African Union membership in the G20 and reform of banks. multilateral development bank (MDB).

G20 Summit 2024 Schedule

In Brazil, the G20 2024 Summit is scheduled to take place on November 18 and 19, 2024 in Rio de Janeiro, with the presence of leaders of 19 member states, along with the African Union and the United Nations. European Union.

Source: https://anhngunewlight.edu.vn
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