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- 19 countries
- + European Union (27 countries)
- 2/3rd of the world’s population
- 85% of the global GDP
- 75% of the global trade
- 1999 – G20 was founded
- Why – after Asian financial crisis
- Was initially in Fin Min/Central Bank governors’ body
- 2008 – upgraded to Summit level bloc
- Why – after 2007’s global economic crisis
- To be represented by Heads of State/Government
- Annual Summit with rotating presidency
- 2009 designation – “Premier Forum for International Economic Cooperation”
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