2. GROUP OF 20 (G 20):
The G20 or Group of 20 is an intergovernmental forum comprising 19 countries
and the European Union (EU).
It works to address major issues related to the global economy, such as
international financial stability, climate change mitigation, and sustainable
development.
The G20 is composed of most of the world's largest economies' finance ministries,
including both industrialised and developing nations; it accounts for around 80%
of gross world product (GWP), 75% of international trade, two-thirds of the global
population, and 60% of the world's land area.
The G20 was founded in 1999 in response to several world economic
crises. Since 2008, it has convened at least once a year, with summits involving each
member's head of government or state, finance minister or foreign minister, and other
high-ranking officials.
3. G20 Founded in:
26 September 1999 ; 24 years ago with the aim to Bring together systemically
important industrialized and developing economies to discuss key issues in the global
economy. The G20 has expanded its agenda since 2008 and heads of government or
heads of state, as well as finance ministers, foreign ministers.
Two-thirds Of The: World Population, Approximately Half Of The World Land Area. THE
G20 ECONOMIES ACCOUNT FOR AROUND 80% Of World Trade 90% OF GROSS WORLD
PRODUCT (GWP), 92% Of Research And Development (R&D) Worldwide.
6. G 20 2023 Agenda
The India G20 Presidency has put forth six agenda priorities for the G20 dialogue
in 2023:
1. Green Development
2. Climate Finance & Life Accelerated
3. Inclusive & Resilient Growth Accelerating progress on SDGs Technological
Transformation
4. Digital Public Infrastructure Multilateral Institutions for the 21st century
Women-led development