The purpose of the G20 Summit is to bring together leaders from the world's largest economies to discuss and coordinate responses to pressing global challenges, primarily focusing on international economic and financial stability. It serves as a forum for cooperation on a broad range of issues including global economic growth, trade, climate change, sustainable development, health, energy, and anti-corruption
. Originally founded in 1999 as a meeting of finance ministers and central bank governors to address financial crises, the G20 evolved into an annual summit of heads of state and government starting in 2008. Its role has expanded beyond crisis management to include setting collective goals for sustainable and inclusive growth, fostering global economic cooperation, and addressing interconnected global issues such as poverty, inequality, and climate action
. The G20 members represent about 85% of global GDP, 75% of international trade, and two-thirds of the world’s population, making it a critical platform for shaping international economic policy and global governance reforms. Recent summits have emphasized coordinated actions on climate change, energy transition, taxation of billionaires, social inclusion, and fighting hunger and poverty, reflecting its broader agenda beyond economics alone
. In summary, the G20 Summit aims to:
- Ensure global economic and financial stability
- Promote strong, sustainable, balanced, and inclusive economic growth
- Coordinate policy responses to global challenges like climate change, health crises, and poverty
- Foster international cooperation among the world's major economies to address issues of mutual interest
