G20 Summit or G20 Summit

G20 Summit or G20 Summit - meeting of finance ministers and central bankers of the world's 20 largest economies. The G20 also gathers representatives of the World Bank and International Monetary Fund. The G20 was created at the initiative of the G8 in 1999 to address important economic issues.

В G20 summit The European Union and 19 other countries participate: Argentina, Australia, Brazil, Canada, France, Germany, Great Britain, India, Indonesia, Italy, Japan, the PRC, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United States, the Republic of Korea, and the Republic of Korea. The economies of these countries account for 90% of world gross national product and 80% of world trade. The countries participating in the summit represent 2/3 of the world's population.

It should be noted that prior to 2008, the G20 did not hold summit meetings. It was just annual talks between finance ministers and central bankers. However, in 2008, the G20 held an anti-crisis summit in Washington on ways to resolve the global crisis.