Encyclopedia

What is G20 The global economy has expanded over the years, developing countries representing a larger part in it. The G20 was created to include these in discussions on international financial matters. The G20 comprises all G7 members, the EU and 12 additional countries. The G20 is now seen as more impactful than the G7

What is G7 The G7 is a group of seven countries with the most advanced economies: Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. The EU is an active participant, however, not an enumerated member.  The Group is not based on a treaty, has no permanent secretariat and the presidency rotates