What is the G20 Summit?

The G20 Summit, formally known as the "Group of Twenty," is an international forum for governments and central bank governors from 19 countries and the European Union (EU). The G20 was established in 1999 to promote international financial stability and economic cooperation among its member countries. It has since evolved into a platform for discussing and addressing various global economic and financial issues.

The G20 member countries are:

1. Argentina

2. Australia

3. Brazil

4. Canada

5. China

6. France

7. Germany

8. India

9. Indonesia

10. Italy

11. Japan

12. Mexico

13. Russia

14. Saudi Arabia

15. South Africa

16. South Korea

17. Turkey

18. United Kingdom

19. United States

20. European Union (represented by the European Commission and the European Central Bank)

The G20 Summit typically takes place annually and brings together leaders of these countries to discuss a wide range of global issues, including economic growth, trade, financial stability, climate change, and development. The summit provides a platform for high-level discussions and coordination among the world's major economies to address common challenges and promote global economic stability and prosperity.

The agenda of the G20 Summit is set by the host country, which changes each year, and the leaders work on achieving consensus and cooperation on various issues. The G20 has played a significant role in responding to global financial crises, fostering international trade, and addressing pressing global challenges, such as climate change and pandemic response.