WORLD leaders Donald Trump, Vladimir Putin and Theresa May have met for the 2019 G20 Summit.
The influential group came together in the Japanese city of Osoka for the meeting. Here’s more on what’s being discussed.
What is the G20? Which countries are G20 members?
Founded in 1999 as the G7 to give developing countries a more powerful voice in the global economy, the summit brings together industrialised and emerging economies.
The group makes up 85 per cent of the world’s GDP and two-thirds of its population.
When it was first started, only finance ministers and central bank governors met at G20 summits.
But a meeting was held between heads of state after the Lehman Brothers crash in 2008, which led to a global recession.
There has been a yearly meeting between G20 country leaders since.
Between 2009 and 2010, when the global economy was in crisis, leaders met twice a year.
Much of G20’s work takes place on the sidelines and in informal meetings, not at the annual summit.
Which countries are G20 members?
The G20 is made up of 19 countries and the European Union (EU) with Spain a permanent invited guest to G20 meetings.
Every year the country which holds the G20 presidency also invites countries to attend at its own discretion.
This year Japan has invited Netherlands, Singapore and Vietnam.
Here’s the G20 nations:
- Saudi Arabia
- South Africa
- South Korea
- United Kingdom
- United States of America
- The European Union, represented by the European Council
What is on the agenda?
The main themes of the 2019 G20 meeting are:
- Global economy
- Trade and investment
- Environment and energy
- Women’s employment
When and where is the 2019 G20 summit being held?
This year’s main G20 forum is being held from June 28 to 29 in Osaka, Japan.
Osaka has drawn international attention as the economic, cultural and transportation hub of western Japan and the central city of the nation’s second largest economic region “Kinki”.
This year is the 14th G20 summit.
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How do the discussions work?
The work of G20 is split into two tracks – the Finance track and the Sherpa track.
The finance track comprises all meetings with G20 finance minsters and central bank governors and their deputies.
Discussions on financial and economic issues will go forward, touching on subjects such as exchange rate policies, infrastructure investment and international taxation.
The second, Sherpa track, focuses on more human and social issues such as political engagement, anti corruption, trade, climate change and gender equality.
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