Question

Explain the details of the next regional organization.

G-20

Answer 1

G-20 is an international forum established in 1999 for governments and central bank governors from 19 countries and the European Union. It was formed with a primary aim to discuss policies relating to financial stability. Since 2008, the G-20 Summits are attended by the heads of the government or head of the states along with their finance ministers and foreign ministers. Developed countries like United States, Britain, Germany, France, Japan among others are a part of the G-20. It thus acts as a platform for discussion between the developed and developing countries. India plays an active part in G-20.