The G20, or Group of Twenty, is an intergovernmental forum of the world’s major developed and developing economies. It comprises 19 countries (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, UK, USA), the African Union and the European Union (EU). Collectively, the G20 accounts for more than 85% of global GDP, 75% of international trade and two-thirds of the world population, making it the premier forum for international economic cooperation.

Starting in 1999 as a meeting for the finance minister and central bank governors, the G20 has evolved into a yearly summit involving the Head of State and Government.

The G20 currently comprises:

(i) Finance Track, with 8 workstreams (Global Macroeconomic Policies, Infrastructure Financing, International Financial Architecture, Sustainable Finance, Financial Inclusion, Health Finance, International Taxation, Financial Sector Reforms)

(ii) Sherpa Track, with 12 workstreams (Anti-corruption, Agriculture, Culture, Development, Digital Economy, Employment, Environment and Climate, Education, Energy Transition, Health, Trade and Investment, Tourism)

(iii) 10 Engagement Groups of private sector/civil society/independent bodies (Business 20, Civil 20, Labour 20, Parliament 20, Science 20, Supreme Audit Institutions 20, Think 20, Urban 20, Women 20 and Youth 20).

In addition to G20 Members, there has been a tradition of the G20 Presidency inviting some Guest countries and International Organizations (IOs) to its G20 meetings and Summit.

 

In addition to the summit, there are Ministerial meetings, working groups, and special events organized throughout the year.

 

G20 Presidency

G20 has a rotating presidency arrangement, starting from 1st December of the year to 30th November of the following year.

On 1 December 2024, South Africa assumed the presidency of G20.

Under the South African presidency, work of the G20 on climate focuses on five pillars. The strategic agenda of the presidency addresses:

  • Biodiversity and conservation to pilot Biodiversity Economy Voluntary Sustainability Standards and develop national models for Biodiversity Accounts to operationalize support centres in G20 countries for the implementation of the Global Biodiversity Framework;
  • Land degradation, desertification and droughts to review large-scale restoration initiatives, such as the Great Green Wall, develop an efficient tool for leveraging resources for the conservation and sustainable use of natural resources and build capacity of state and civil society actors, ensuring restoration of degraded ecosystems;
  • Chemicals and waste management as key elements in sustainable chemicals management, enhancing circular economy and extended producer responsibility (EPR) implementation, and waste management and waste-to-energy initiatives;
  • Climate change and air quality to support strategies in achieving adaptation and resilience, particularly in the Global South, develop air quality information systems, support policy and regulatory reforms and establish air quality monitoring data sets; and
  • Oceans and coasts for ocean governance and addressing marine plastic pollution.

Previously, G20 presidency was held by:

  • Brazil, 1 December 2023 – 30 November 2024
  • India, 1 December 2022 – 30 November 2023
  • Indonesia, 1 December 2021 – 30 November 2022

In the future, G20 presidency will be held by:

  • USA, 1 December 2025 – 30 November 2026