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Latest NewsCURRENT AFFAIRS - EXPLAINED JULY 11,2016

CURRENT AFFAIRS – EXPLAINED JULY 11,2016

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G-20

The  (or G-20 or Group of Twenty) is an international forum for the governments and central bank governors from 20 major economies. It was founded in 1999 with the aim of studying, reviewing, and promoting high-level discussion of policy issues pertaining to the promotion of financial stability It seeks to address issues that go beyond the responsibilities of any one organization. The G20 heads of government or heads of state have periodically conferred at summits since their initial meeting in 2008, and the group also hosts separate meetings of finance ministers and central bank governors.

The members include 19 individual countries—Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia,Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom and the United States—along with the European Union (EU). The EU is represented by the European Commission and by the European Central Bank. Collectively, the G20 economies account for around 85% of the gross world product (GWP), 80% of world trade (or, if excluding EU intra-trade, 75%), and two-thirds of the world population.

 

G20 2015 was 10th annual summit and was held in Antalya Turkey.

G20 2016 will be held in Hangzhou China.

Northlines
Northlines
The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

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