The G20 is an informal group of 19 countries and the European Union, with representatives of the International Monetary Fund and the World Bank. The finance ministers and central bank governors began meeting in 1999, at the suggestion of the G7 finance ministers in response to the global financial crisis of 1997-99. Collectively, the G-20 economies account for more than 80 percent of the global gross national product (GNP),[ 80 percent of world trade and two-thirds of the world population.
G20 Summit (Toronto, 2010)
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