The G20 is a meeting place for policymakers interested in maintaining global financial order. In 1999, the forum was founded. The G20 consists of the world’s most developed and fastest-growing economies.
Nearly 85 percent of global GDP, 75 percent of global commerce, and about two-thirds of the world’s total population may be found in these nations alone. They also account for nearly half of the planet’s land area.
Annual summits of world leaders are convened. As part of its efforts to formulate policy, the forum collaborates with international institutions, such as the World Bank and the International Monetary Fund.
The G20’s president must put together the G20’s agenda in conjunction with other members every year.
Also See: G10 Countries 2022
Visitors are invited to participate in meetings and activities at the G20 by the president each year. There have been visitors from Malaysia, Senegal, and Zimbabwe in the last several years.
The Financial Stability Board, Spain, the United Nations, the World Bank Group, and the World Trade Organization are among the regular guests.