- The Group of Twenty Finance Ministers and Central Bank Governors (also known as the G-20, G20, and Group of Twenty) is a group of finance ministers and central bank governors from 20 major economies: 19 countries plus the European Union, which is represented by the President of the European Council and by the European Central Bank.
- Annual Meeting : The G-20 heads of government or heads of state have also periodically conferred at summits since their initial meeting in 2008
- History : The G-20 was proposed by former Canadian Prime Minister Paul Martin[4] as a forum for cooperation and consultation on matters pertaining to the international financial system. The group was formally inaugurated in September 1999, and held its first meeting in December 1999.
- Chaired By : Russia currently holds the chair of the G-20, and will host the eighth G-20 summit in September 2013 at Saint Petersburg. Earlier in June 2012 it was hosted by Mexico at Los Cabos.
- Why Evolve : The G-20 Summit was created as a response both to the financial crisis of 2007–2010 and to a growing recognition that key emerging countries were not adequately included in the core of global economic discussion and governance.
- The G20 brings together Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK, the US plus the European Union.
- G-20 Chair Rotation :
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Group 1 Australia Group 2 India Group 3 Argentina Group 4 France Group 5 China Canada Russia Brazil Germany Indonesia Saudi Arabia South Africa Mexico Italy Japan United States Turkey — United Kingdom South Korea
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