The G20 is a worldwide economic cooperation organization. In 2008, the subprime mortgage crisis occurred in the United States. In order to cope with the world economic crisis, 20 representative countries in the world discussed and coordinated their economies together.

So it is just a single economic organization. The G20 is the G20. It was founded in Berlin, Germany on September 25th, 1999 by the finance ministers of the Group of Eight, and co-hosted the 1 G20 summit with Washington.

The significance of G20 international organization:

Up to now, the G20 has held 13 summits, which mainly discussed major global economic and financial hot issues and made important contributions to the world economic recovery and the reform of the international financial system.

G20 Summit is an international economic cooperation forum, established in Berlin, Germany, from 1999 to 12 to 16. It belongs to the informal dialogue mechanism within the framework of the Bretton Woods system, and consists of the former G8 and other 12 important economies.

The G20 Financial Summit aims to promote open and constructive discussions 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 representatives without voting rights.

G20 is called G20 in full, and consists of G8 (United States, Japan, Germany, France, Britain, Italy, Canada and Russia), eleven important emerging industrial countries (China, Argentina, Australia, Brazil, India, Indonesia, Mexico, Saudi Arabia, South Africa, South Korea and Turkey) and the European Union.