G20

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• The G20, formed in 1999, is a group of twenty of the world’s largest economies that meets regularly to coordinate global policy on trade, health, climate, and other issues. • Previous summits have addressed the COVID-19 pandemic, 2008 financial crisis, the Iranian nuclear program, andthe Syrian civil war. • The Russian invasion of Ukraine deepened divisions within the group, and it struggled tofind consensus on economic issues at its 2022 summit in Bali, Indonesia. Introduction The Group of Twenty (G20), a collection of twenty of the world’s largest economies formed in 1999, was conceived as a bloc that would bring together the most important industrialized and developing economies to discuss international economic and financial stability. Its annual summit, a gathering of G20 leaders that debuted in 2008, has evolved into a major forum for discussing economics as well as other pressing global issues. Bilateral meetings on the summit’s sidelines have occasionally led to major international agreements. And while one of the group’s most impressive achievements was its robust response to the 2008 financial crisis, its cohesion has since frayed, and analysts have criticized its lackluster response to the COVID-19 pandemic. Under President Donald Trump, the United States clashed with the rest of the group on trade, climate, and migration policy. President Joe Biden promised a return to multilateral cooperation, achieving a new global agreement on corporate taxation, but tensi...

Show Less Group of 20 (G20), international body created in 1999 that provides a forum for strategic economic communication between industrialized and developing countries. The G20 originated as a response to the economic crises of the late 1990s; it expanded on the work of the Group of Seven (G7; known as the

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NUSA DUA, Indonesia, Nov 16 (Reuters) - Leaders of the Group of 20 (G20) nations UKRAINE AND RUSSIA * The war in Ukraine was the most debated article of the leaders' declaration, the president of host Indonesia said, while urging all sides not to escalate tension. * French President Emmanuel Macron said G20 leaders agreed to push Russia towards de-escalation in the Ukraine conflict and expressed hope China could play a bigger mediation role in the coming months in that respect. * U.S. Treasury Secretary Janet Yellen called for international support for Ukraine and said she wanted to acknowledge a wave of Russian missile attacks on the country. * On Tuesday, Ukrainian President Volodymyr * Russian Foreign Minister Sergei Lavrov, who headed the Russian delegation to the summit in the absence of President Vladimir Putin, MONETARY POLICY * Leaders of the world's biggest economies agreed to CLIMATE CHANGE * G20 leaders agreed to pursue efforts to limit the global temperature increase to 1.5C - confirming the stand by the temperature goal from the 2015 Paris Agreement on climate change. That could boost negotiations at the U.N. * Their declaration also said G20 countries would accelerate efforts towards the phasedown of unabated coal power. Negotiators at the COP27 summit in Egypt are wrangling over whether to expand this to * Biden and Chinese leader Xi Jinping agreed on Monday to * A coalition of countries including the United States and Japan announced on Tuesday they would B...