what countries are there in p>g2o? Let's take a look.
Asia: China, Korea, Japan, India, Indonesia, Saudi Arabia;
Africa: South Africa;
Europe: Russia, Britain, France, Germany, Italy, Turkey and the European Union;
Oceania: Australia;
America: USA, Canada, Mexico, Brazil, Argentina.
These countries account for about 85% of the world's gross national product, and their population accounts for nearly two-thirds of the world's total population.
About G2:
The G2 Summit is an international economic cooperation forum, which was established in Berlin, Germany on December 16th, 1999. It belongs to a mechanism of informal dialogue within the framework of the Bretton Woods system, and consists of the former G8 and the other 12 important economies. It aims to promote open and constructive discussion and research on substantive issues between industrialized developed countries and emerging market countries, so as to seek cooperation and promote international financial stability and sustained economic growth. In accordance with past practice, the International Monetary Fund and the World Bank attended the meetings of the organization as nonvoting delegates.
conference background:
after the Asian financial crisis in p>1997, the call for increasing the voice of developing countries in global economic activities is growing.
in June, 1999, in cologne, Germany, the finance ministers of eight industrial countries, namely, the United States, Japan, Germany, France, Britain, Italy, Canada and Russia, proposed that in order to prevent the recurrence of similar Asian financial turmoil, more countries should hold regular dialogues on international economic and monetary policies, so as to facilitate the stability of the global financial and monetary system.
in September p>1999, the finance ministers of the G8 countries in Washington announced the establishment of the G2 forum, which was composed of the EU, the Bretton Woods institutions and the finance ministers and central bankers of 19 countries.
In December p>1999, the Group of Eight (the United States, Japan, Germany, France, Britain, Italy and Russia) and the finance ministers and central bank governors of the European Union, Asia, Africa, Latin America and Oceania * * * held an informal forum meeting of the Group of Twenty on international economic cooperation. (The International Monetary Fund and the World Bank attend the G2 Forum as nonvoting delegates) The meeting aims to promote open dialogue between industrial countries and emerging market countries on important issues of international economy, monetary policy and financial system. Through dialogue, we will lay a broad foundation for discussing and negotiating relevant substantive issues, seek cooperation, promote the reform of the international financial system and strengthen the construction of its framework.
after the outbreak of the international financial crisis, the G2 was promoted to a summit of leaders at the initiative of the United States. The Pittsburgh Summit held in September 29 identified G2 as the main forum for international economic cooperation, which marked important progress in global economic governance reform. At present, the G2 mechanism has formed a structure led by the summit, supported by the "dual-track mechanism" of coordinator and financial channel, supplemented by ministerial meetings and working groups.
Meeting features:
The G2 operates in the form of informal ministerial meetings, without a permanent secretariat, and the chairman is rotated. The group's finance ministers and central bank governors meet once a year. The annual ministerial meeting is generally connected with the meeting of finance ministers of the Group of Seven, which is usually held at the end of each year. The meeting is provided with secretarial services and support by the presidency, some international institutions and external experts, and working groups can be set up as needed to review some major issues and put forward countermeasures and suggestions.