The G20, or Group of 20, is an intergovernmental forum comprising 19 sovereign countries, the European Union (EU), and the African Union (AU) . The G20 was founded in 1999 after the Asian financial crisis as a forum for the Finance Ministers and Central Bank Governors of the worlds largest economies to discuss international economic and financial stability. The G20 Summit is held annually, under the leadership of a rotating Presidency, and the Presidency steers the G20 agenda for one year and hosts the Summit. The G20 consists of two parallel tracks: the Finance Track and the Sherpa Track. Finance Ministers and Central Bank Governors lead the Finance Track while Sherpas lead the Sherpa Track after Finance Track. The G20 initially focused largely on broad macroeconomic issues, but it has since expanded its agenda to include trade, sustainable development, health, agriculture, energy, environment, climate change, and anti-corruption.
Each year, a different G20 member country assumes the Presidency starting from 1 December until 30 November. During its Presidency, the country focuses on a set of priorities and steers the G20 agenda for the year. For example, Indonesia held the G20 Presidency from 1 December 2021 to 30 November 2022, and its three priorities were global health architecture, digital transformations, and sustainable energy transitions. India currently holds the Presidency of the G20 from 1 December 2022 to 30 November 2023. The G20 does not have a permanent secretariat and is supported by the previous, current, and future holders of the Presidency.
