Founded in 1999, the G20 is an intergovernmental forum comprising the world's 19 largest economies, as well as the European Union and the African Union. International organizations, such as the United Nations, the International Monetary Fund and the World Bank, were also guests of that Forum.
The G20 members represent around 85 percent of the global GDP, over 75 percent of the global trade and about two-thirds of the world's population. As the Group does not have a permanent Secretariat, its presidency is supported by a "Troika," consisting of the previous, the current and the incoming annual Chairs. In December 2023, Brazil received the honor to preside over the G20. Last week we completed our mission in the third of a four-year sequence in which developing countries – Indonesia, India, Brazil and now South Africa – have occupied the leadership of the Group. Over the past year, we held more than 140 meetings across 15 Brazilian cities. We welcomed around 26,000 national and international delegates and hosted 196 press conferences, accrediting 2,740 media professionals.
This story is from the November 28, 2024 edition of The Philippine Star.
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This story is from the November 28, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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