G-20 major economies

G-20 Major Economies

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G-20 major economies

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The Group of Twenty Finance Ministers and Central Bank Governors (G-20, G20, Group of Twenty) is a group of finance ministers and central bank governors from 20 major economies: 19 countries plus the European Union, which is represented by the President of the European Council and by the European Central Bank. Their heads of government or heads of state have also periodically conferred at summits since their initial meeting in 2008. Collectively, the G-20 economies comprise 87.2% of global nominal GDP, 83.1% of global GDP , 85% of global gross national product, 80% of world trade (including EU intra-trade) and two-thirds of the world population.

The G-20 was proposed by former Canadian Finance Minister Paul Martin Macleans (Canada). 1 July 2010-07-01; Thomas Axworthy. Toronto Star (Canada). 8 June 2007, retrieved 2011-04-16. (later, Prime Minister) for cooperation and consultation on matters pertaining to the international financial system. It studies, reviews, and promotes discussion (among key industrial and emerging market countries) of policy issues pertaining to the promotion of international financial stability, and seeks to address issues that go beyond the responsibilities of any one organization. With the G-20 growing in stature since the 2008 Washington......
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