UPSC Current – G-20 summit opens as Saudi King urges united response to virus
G-20 summit opens as Saudi King urges united response to virus
- Saudi Arabia’s King Salman opened on Saturday the Group of 20 summit as the coronavirus pandemic overshadows this year’s gathering of heads of state, transforming it from an in-person two-day meeting of the world’s most powerful leaders to a virtual gathering of speeches and declarations.
- The G-20’s member-countries represent around 85% of the world’s economic output and three-quarters of international trade.
What is G20?
- The G20 is an informal group of 19 countries and the European Union, with representatives of the International Monetary Fund and the World Bank.
- The members of the G20 are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States, and the European Union.