As the premier forum for international economic cooperation, the Group of Twenty (G20) plays a critical role in steering the global economy through the significant challenges it faces.
The group brings together the most important industrialised and developing economies to discuss international economic and financial stability. Its members represent 80% of global GDP, 75% of international trade and two-thirds of the world's population.
One of the Group’s most impressive achievements was its robust response to the 2008 financial crisis. Many experts credit the G20 with quick action, saying the group “rescued a global financial system in free fall.”
Initially focused on broad macroeconomic policy, it has expanded its remit beyond acute economic crisis management, to issues such as the future of work, climate change, global health, technology, and others.