G20

Organization Name

G20

Description

The Group of Twenty (G20) is the premier forum for international economic cooperation. It represents the world's major economies, accounting for over 80% of global GDP and two-thirds of the world's population.

Key Facts

Founded: 1999 (at the Finance Ministers and Central Bank Governors level); Leaders' Summits began in 2008.
Members (20): Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Türkiye, United Kingdom, United States, and the European Union.
2025 Presidency: South Africa, with the summit hosted in Johannesburg.
2026 Presidency: United States.
Secretariat: There is no permanent secretariat; the presidency country hosts its operations.
Key topics: Focuses on global economic growth, trade, climate finance, digital economy, and financial stability.
Nepal relevance: Nepal is not a G20 member but is significantly impacted by G20 decisions on economic policies, climate finance commitments, and remittance regulations.

Headquarters

Rotating Presidency

Founded Year

1999

Current Head/SG

South Africa (2025 Presidency)

Category

Economic