What Is G20 Summit: All Details
The G20 Summit is an annual meeting of leaders from the world's 20 largest economies.
The G20 represents over two-thirds of the world's population, as well as 80% of global GDP and 75% of international trade.
The first G20 Summit was held in Washington, D.C. in 2008, in response to the global financial crisis.
The G20 is not a formal international organization, but rather a forum for international economic cooperation.
The G20 presidency rotates annually among its members, with each country hosting the summit and setting its agenda during their term.
The G20 agenda typically covers a range of issues, including economic growth, trade, investment, financial regulation, and global development.
In addition to the summit, there are also various ministerial meetings and working groups within the G20 framework.
Civil society groups and business leaders often hold parallel events and meetings alongside the G20 Summit.
The G20 has faced criticism for being too exclusive and for not adequately addressing global inequality and environmental issues.
Despite its limitations, the G20 remains an important platform for global economic governance and international cooperation.