17 Feb 2014
Acronym in full: Group of Twenty Finance Ministers and Central Bank Governors
Group of Twenty Finance Ministers and Central Bank Governors (G20) is a forum for cooperation and consultation on matters pertaining to the international financial system. The G20 started in 1999 as a meeting of Finance Ministers and Central Bank Governors in the aftermath of the Asian financial crisis. In 2008, the first G20 Leaders Summit was held, and the group played a key role in responding to the global financial crisis. The G20 members are Argentina, Australia, Brazil, Canada, China, European Union, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, United Kingdom, United States. They represent the largest industrialised and developing nations in the world.
Related section: EU