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g2o history
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The Group of Twenty (G20) was formed in 1999 and was originally a meeting of the Minister of Finance and the Governor of the Central Bank in an effort to broaden the discussion of policies that are beneficial for resolving the global economic and financial crisis.
Group of 20 (G20), international body created in 1999 that provides a forum for strategic economic communication between industrialized and developing countries.
The G20 is an international group initially founded in 1999 after the Asian financial crisis as a forum for the finance ministers and central bank governors of 19 countries and the European Union.
In 2008, in the midst of the global financial crisis, the US President George W. Bush invited the leaders of the G20 members to coordinate actions in order to respond to the crisis giving the start to the actual G20 Leader’s Summit.
In line with the improvement in world economic conditions, at the 2009 G20 Summit in Pittsburgh, USA, the G20 objectives were formulated more clearly, namely to create strong, sustainable and balanced economic growth.
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