Inspired Living

Introduction to the G20 and its significance The G20, or Group of Twenty, is an international forum that brings together the world's major economies to discuss and coordinate policy on global economic issues. Established in 1999, the G20 consists of 19 countries plus the European Union, representing around 80% of global GDP and two-thirds of the world's population. As an influential platform for economic cooperation, the G20 has played a vital role in shaping the global agenda and responding to various economic challenges. History and evolution of the G20 Summit The G20 Summit traces its roots back to the financial crises of the late 1990s, when the need for a broader forum for global economic coordination became evident. Initially, the G20 meetings were held at the finance minister level, but in response to the 2008 global financial crisis, they were elevated to the summit level. Since then, the G20 Summit has been held annually, with member countries taking turns to h...