G 20

ESTABLISHED DATE:
December 15-16, 1999 at Berlin, Inaugural meeting is hosted by German and Canadian finance ministers.
WHY G-20 CAME INTO EXISTENCE:
Came into existence following the financial crises of 1990s in emergent market economies
(EMEs). Emerging economies were not presented popularly in Global economic discussions and Governance.
MEMBERS:
There are 20 members of the G-20. These include the finance ministers and central bank governors of 19
countries.
ArgentinaAustraliaBrazilCanadaChinaFranceGermanyIndiaIndonesiaItalyJapanMexicoRussiaS
audi ArabiaSouth AfricaSouth KoreaTurkeyUnited KingdomUnited States of America 20th member of G20 is European Union, which is represented by the rotating Council presidency and the European Central
Bank.

OTHER BODIES PARTICIPATION IN G-20 MEET:

The European Central Bank The Managing Director of the International Monetary Fund. The
Chairman of the IMFC The President of the World Bank The Chairman of the Development Committee
MAIN FOCUS:
Development of the global economic and financial system.Reducing abuse of the financial system.Dealing
with financial crisis.Reform of the international financial architecture