Tuesday, September 5, 2023

What is G20 information in detail?

 he term "G20" can refer to two different but related concepts:

Group of Twenty (G20): As I mentioned in my previous response, the G20 is an international forum for governments and central bank governors from 19 individual countries and the European Union. It was established to promote international financial stability and economic cooperation, and it addresses a wide range of global economic and financial issues.


G20 Summit: The G20 Summit is an annual meeting of the leaders (heads of state or government) of the G20 member countries, along with representatives from the European Union. During these summits, leaders discuss and make decisions on various global issues, including economic policies, trade, development, climate change, and more.So, when people refer to "G20," they might be talking about either the forum itself (Group of Twenty) or the annual summit where leaders come together to address important global challenges (G20 Summit). Both are significant in the context of international diplomacy and global governance.


ThTe Group of Twenty, often abbreviated as G20, is an intergovernors from 19 countries and

The Group of Twenty (G20) is the premier forum for international economic cooperation. It plays an important role in shaping and strengthening global architecture and governance on all major international economic issues. India holds the Presidency of the G20 from 1 December 2022 to 30 November 2023.















































































Elevation to Leader’s Level

The G20 was upgraded to the level of Heads of State/Government in the wake of the global economic and financial crisis of 2007, and, in 2009, was designated the “premier forum for international economic cooperation”.

The G20 Summit is held annually, under the leadership of a rotating Presidency. The G20 initially focused largely on broad macroeconomic issues, but it has since expanded its agenda to inter-alia include trade, sustainable development, health, agriculture, energy, environment, climate change, and anti-corruption.

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