What is the history of the G20 forum?

What is the history of the G20 forum?

The G20 forum was established in 1999 by the Finance Ministers and central bank governors of seven countries – Canada, France, Germany, Italy, Japan, the U.K., and the U.S. after a meeting in Washington DC.

The uniting factor was the 1997-98 financial crisis and its aftermath.

The first meeting of G20 leaders took place in 1999, and it was elevated to the level of heads of government/state in 2008. In 2009, G20 was designated the “premier forum for international economic cooperation”.

The forum initially dealt with matters related to macroeconomics, but over the years, its agenda has expanded to cover issues relating to trade, climate change, sustainable development, health, agriculture, energy, and environment.

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