define the group of 20?
Social Studies · High School · Tue Nov 03 2020
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The Group of Twenty, often abbreviated as G20, is an international forum for governments and central bank governors from 19 countries and the European Union. It was established in 1999 in response to the financial crises of the late 1990s and provides a platform for major economies to discuss and coordinate on global economic policy.
The member countries of the G20 are:
- Argentina
- Australia
- Brazil
- Canada
- China
- France
- Germany
- India
- Indonesia
- Italy
- Japan
- Mexico
- Russia
- Saudi Arabia
- South Africa
- South Korea
- Turkey
- United Kingdom
- United States
The European Union, represented by the European Commission and the European Central Bank, is also a member, making a total of 20 participants. The G20 meetings cover a range of economic and financial issues, and leaders discuss ways to promote global economic stability and sustainable development.