How does it work and who are the members?

1. G20 TheGroup of Twenty FinanceMinistersand Central Bank Governors

2. Origins Established in 1999. Tounifyindustrialized and developingeconomiesforthebenefit of global economyissues. Theyfirstmet in BerlinonDecember 15th, 1999.

3. Duetothefinancial crises of the late 1990s. Toincludetheemerging-marketcountries in the global economicdiscussion and governance. Formergroups: G-7 G-22 (1998) involvingthe non G-7 countries. Tosolvethe global aspects of thefinancial crisis affectingtheemerging-marketcountries. G-33 (1999) Reforms of the global economy and internationalfinancialsystem, etc. Origins

4. G20 Objective Forumthatpromotes open and constructivediscussionbetween industrial and emerging-marketcountries. Nationalpolicies, internationalco-operation, and internationalfinancialinstitutions. G20 helpstosupportgrowth and developmentacrosstheglobe.

5. The G-20 is made up of the finance ministers and central bank governors of 19 countries: Argentina Australia Brazil Canada China France Germany India Indonesia Italy Japan Mexico Russia Saudi Arabia South Africa Republic of Korea Turkey United Kingdom U.S.A. European Union: European Central Bank Membership

6. Membercountriesrepresentaround: 90 percent of GLOBAL GROSS PRODUCT. 80 percent of worldtrade (including EU intra-trade). 2/3 worlds’spopulation. Membership

7. Dealing with financial crises and combating terrorist financing Combating money laundering and the financing of terrorism. Combating abuses of the financial system and illicit activities including tax evasion. The G-20 has also aimed to develop a common view among members on issues related to further development of the global economic and financial system. Achievements

8. Link: http://www.g20.org/about_what_is_g20.aspx