The G20 Summit, also known as the Group of Twenty, is an international forum for governments and central bank governors from 19 countries and the European Union. The name "G20" is derived from the initial of the word "Group" and the number "20," representing the 19 member countries and the European Union.
The G20 was established in 1999 to discuss and coordinate policies related to global economic stability and sustainable growth. The main objectives of the G20 are to bring together major industrialized and developing economies to address key issues in the global economy, promote international financial stability, and foster sustainable and inclusive growth.
The G20 Summit is held annually, with each member country taking turns to host the event. The current chair of the G20 is Prime Minister Narendra Modi of India, and the next summit is scheduled to be held in 2023.
