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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.
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 ...
G20 countries account for 85% of the world's economy and are the largest contributors to multilateral development banks helping to steer climate finance. "The spotlight is naturally on the G20.
The UN Millennium Development Goals are emphasized in the Seoul consensus.. The Seoul Development Consensus for Shared Growth is a set of principles and guidelines set up to assist the G20 nations and other global actors in working collaboratively with less developed countries in order to boost their economic growth and to achieve the UN's Millennium Development Goals.
South Africa takes over the G20 presidency on Sunday, the first African country to lead the forum, though its focus on issues such as inclusive growth and climate change risks bumping up against ...
The G20 still has an important contribution to make and a "big damn obligation" to fulfil, said Scholz, particularly as BRICS - a grouping of the world economies of Brazil, Russia, India, China ...
World leaders earlier agreed to add the African Union as a permanent member of the G20 bloc G20 summit – live: Modi announces adoption of joint communique after Ukraine statement agreed Skip to ...
The G20 comprises countries considered to be systemically important, but omits over 170 governments (192 governments are members of the United Nations). The first meeting of the G20 leaders on financial markets and the world economy was held in Washington, D.C. on November 14–15, 2008, at the National Building Museum.