What is G20?

The G20 is an intergovernmental forum that contains the European Union and the 19 countries. The G20 group is made to solve the major issues of the world, which are related to the stability of International Finance, the economy of the world, migration due to changes in climatic conditions, and sustainable development.

When was it formed?

It was founded on 26 September 1999 to respond to the world’s several economic crises. Since 2008, the G20 has been organised at least once a year. These summits involved the head of the government or, foreign minister, finance minister, and other high ranking officials. The EU represents the European Commission and European Central Bank. Many countries from international organisations and non-government organisations are also invited to the G20 Summit session. Some countries are permanent members of this G20.

Why was this group formed?

In 2019, the G20 declared itself supreme in international economic and financial cooperation during the submission. Joko Widodo is the chairman of this G20 group and is the President of Indonesia. After a decade, the value of this group rose, and analysts recognised this as exercising considerable global influence. The group was also criticised because it contained a limited number of members. As the G20 group lacks enforcement powers and existing international institutions, there is a lack of Summits. Still, whenever the Summit between groups was organised, the anti-globalisation groups always contained an issue or conflict.

What is its vision?

The central vision or agenda of the G20 group is to focus on financial growth, inclusive growth, and interrelated growth themes. The main purpose of the G20 group is to get all the important centralisation together and discuss the issue of economic globalisation in developing economies. The main agenda of the G20 Summit is organised in such a way that it contains side events of two leaders with three main working sessions.

The three main working sessions are as follows:

• Global economy and global health
• Climate change and the environment
• Sustainable development

Two Side events are as follows:-

As it contains two side event, which is:

• Supporting SMEs and women-owned businesses to bounce back better
• The role of the private sector in the fight against climate change

India will host the G20 Summit 2023.

List of G20 Summits & Members

The G20 Summit 2020 was organized in Riyadh, Saudi Arabia in November 2020. It was the 15th G20 summit which was held virtually on November 21st and 22nd, 2020. It was chaired by the Saudi King, Salman bin Abdulaziz.

In the 15th G20 summit Indian delegation is headed by PM Narendra Modi.

G20 Summits that took place from 2008 to 2021

Who are the G20 Members?

On the number of its members, its name is termed as the G-20 i.e. the group of twenties. It is worth mentioning that G20 members represent around 85% of global GDP, over 75% of global trade, and two-thirds of the world’s population. The name of G20 members are:

G-20 Summits – Sample Questions for General Knowledge

Q.1.Which of the following city will organize the G20 summit to be held in 2021?

1. Hamburg
2. Brisbane
3. Osaka
4. Rome

Answer (4)

Q.2 When was the G20 Summit established?

1. 1995
2. 1999
3. 1998
4. 1997

Answer (2)

Q.3. Which of the following is not a member of the G20?

1. Singapore
2. Indonesia
3. Mexico
4. Turkey

Answer (1)

Q.4. Where was the first G20 summit held and in which year?

1. Canada 2002
2. Britain 2008
3. United States of America 2008
4. France 2002

Answer (3)

Q.5. Which and when will India host a G20 Summit?

1. 2021, 15th G20 Summit
2. 2021, 16th G20 Summit
3. 2022, 16th G20 Summit
4. 2023, 18th G20 Summit

Answer (4)