 The G-7 was established in 1976 as an

informal forum of seven major industrial

economies: Canada, France, Germany, Italy,
Japan, the United Kingdom and the United
States of America.
 The G-7 conducts dialogue and seeks

agreement on current economic issues on

the basis of the comparable interests of
those countries.
 The G-20 first meeting was held in Berlin
on December 15-16, 1999.
 Prior to the G-20 creation, similar

groupings to promote dialogue and

analysis had been established at the
initiative of the G-7.
 The G-20 was created as a response both
to the financial crises of the late 1990s and
a growing recognition that key emerging-
market countries were not adequately
included in the core of global economic
discussion and governance.
 The G-20 is an informal forum that promotes
open and constructive discussion between
industrial and emerging-market countries on
key issues related to global economic
stability.
The G-20 is made up of the finance ministers
and central bank governors of 19 countries and
the European Union:
 Italy
 Argentina
 Japan
 Australia
 Mexico
 Brazil
 Russia
 Canada
 Saudi Arabia
 China
 South Africa
 France
 South Korea
 Germany
 Turkey
 India
 United Kingdom
 Indonesia
 United States of
America
 Membership reflects the diverse
interests of the significant industrial
and emerging-market economies.
 Members are drawn from all continents

and represent two-thirds of global

population and around 90 per cent of
world GNP.
 There is a broad representation of

countries at different stages of

development.
Keep the financial market steady
Reform the international financial
system
Enhance the global cooperation
 restore confidence, growth, and jobs;
 repair the financial system to restore lending;
 strengthen financial regulation to rebuild trust;
 fund and reform our international financial

institutions to overcome this crisis and prevent

future ones;
 promote global trade and investment and

reject protectionism, to underpin prosperity;

 build an inclusive, green, and sustainable

recovery.
incease the resources of IMF
fight against tax havens
promote global trade
oppose protectionism
limit the salary of bankers
make a plan to stimulate the
economy