Group of Twenty (G20)
Julian van Halteren, Stedelijk Gymnasium Haarlem
Anna Kawauchi, International School of The Hague
(Non Ad Hoc)
The Group of Twenty Summit (G20) consist of 19 countries and the European Union. The G20 discusses issues revolving around the global economy and ensuring its safety. Together these nations make up around 80% of the gross world product (GWP). These nations also make up two-thirds of the world's population. The G20 was founded in 1999 after several economic crises and the lack of a global economic forum. The G20 comes together annually with a nation's high-ranking official, like a minister of finance, present. Some nongovernmental and international organisations are also present at the summits
The official premise of the G20 is:
Bring together systemically important industrialized and developing economies to discuss key issues in the global economy.