What is g 20

What is the G-20
The Group of Twenty (G-20) Finance Ministers and Central Bank Governors was established in 1999 to bring together systemically important industrialized and developing economies todiscuss key issues in the global economy. The inaugural meeting of the G-20 took place in Berlin, on December 15-16, 1999, hosted by German and Canadian finance ministers.
Mandate
The G-20 is thepremier forum for our international economic development that promotes open and constructive discussion between industrial and emerging-market countries on key issues related to global economicstability. By contributing to the strengthening of the international financial architecture and providing opportunities for dialogue on national policies, international co-operation, and internationalfinancial institutions, the G-20 helps to support growth and development across the globe.
Origins
The G-20 was created as a response both to the financial crises of the late 1990s and to a growingrecognition that key emerging-market countries were not adequately included in the core of global economic discussion and governance. Prior to the G-20 creation, similar groupings to promote dialogue andanalysis had been established at the initiative of the G-7. The G-22 met at Washington D.C. in April and October 1998. Its aim was to involve non-G-7 countries in the resolution of global aspects of thefinancial crisis then affecting emerging-market countries. Two subsequent meetings comprising a larger group of participants (G-33) held in March and April 1999 discussed reforms of the global economyand the international financial system. The proposals made by the G-22 and the G-33 to reduce the world economy's susceptibility to crises showed the potential benefits of a regular internationalconsultative forum embracing the emerging-market countries. Such a regular dialogue with a constant set of partners was institutionalized by the creation of the G-20 in 1999.
G-20 is made up by:
The...