G20 Summit : The Group of Twenty, or G20, is an intergovernmental organization made up of the European Union and 19 other nations (EU). It strives to address important global economic concerns like international financial stability, reducing greenhouse gas emissions, and sustainable development. G20 nations catered for 85 percent of world economy, 75 percent of world trade and 66 percent of world population. G20 Summit: Key Points • The majority of the world’s greatest economies, both industrialized and developing countries, make up the G20. • Together, they represent two-thirds of the world’s population, 80% of the gross world product (GWP), 75% of international trade, and 60% of the planet’s surface area. • In 1999, the G20 was established in response to various global economic problems. It has met at least once a year since 2008, with summits attended by the heads of state or government, the finance minister, the foreign minister, and other top officials from...
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