The G-20 is the group of twenty finance ministers and central bank ministers. It was established in 1999 to bring together important industrialized and developing economies, in order to discuss important issues about the global economy. The inaugural meeting took place in Berlin which was hosted by German and Canadian finance ministers. These discussions encourage open and constructive discussion between different market countries, as they discuss issues related to the stability of the global economy. G-20 helps support growth and development across the globe by strengthening the international financial architecture and creating opportunities to discuss national policies, international co-operation, and international financial institutions.
The twenty members of the G-20 are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, United Kingdom, United States, and the European Union, which represents the Council presidency.