The G20 is an intergovernmental forum comprising 19 countries and the European Union that works to address major issues related to the global economy. It was established in 1999 and meets annually with rotating chairmanship among members. The G20 nations collectively represent around 80% of global trade and investment. Issues addressed by the G20 include global economic growth, international financial stability, climate change, and international development. The 2020 G20 summit was held virtually due to the COVID-19 pandemic, with a focus on empowering people, safeguarding the planet, and shaping new frontiers through innovation.