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G20 Virtual Summit
March 28 , 2020
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- The G20 video summit was chaired by the Saudi king Salman.
- As a member of G20, India was represented by PM Modi.
- At the summit, the leaders pledged to infuse 5 trillion USD into the global economy.
- The summit was first of its kind with the leaders attending through video conferencing.
- The G20 Summit was to be held under the leadership of Saudi Arabia in November 21-22, 2020.
- Saudi has chosen the theme of “Realizing Opportunities of the 21st Century for all”.
- For 2020 summit, Spain, Jordan, Singapore and Switzerland are the invited countries.
About
- The G20 summit is an annual meeting of leaders from the countries with the largest and fast-growing economies.
- Its members account for 85% of the world’s GDP, and two-thirds of its population.
- The G20 Summit is formally known as the “Summit on Financial Markets and the World Economy”.
- The group has no permanent staff of its own, so every year in December, a G20 country from a rotating region takes on the presidency.
- After the Asian Financial Crisis in 1997-1998, the G7 finance ministers agreed to establish the G20 Finance Ministers and Central Bank Governors meeting in 1999.
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