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Message: <blockquote data-quote="rocat90" data-source="post: 19837275" data-attributes="member: 452168">ජී 20G20: what is it and how does it work?  What is the G20?  The Group of Twenty (G20) Finance Ministers  and Central Bank Governors was established in 1999 to bring together  industrialised and developing economies to discuss key issues in the  global economy.  The inaugural <a href="http://www.telegraph.co.uk/finance/g20-summit/" target="_blank">G20 summit</a>  took place in Berlin, December 1999, hosted by German and Canadian  finance ministers. This year's meeting will be held in Brisbane,  Australia. Which countries are members of the G20? The G20 is made up of the finance ministers  and central bank governors of 19 countries: Argentina, Australia,  Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan,  Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the  United Kingdom, the United States of America.   The remaining seat is held by the European Union, which is represented  by the rotating Council presidency and the European Central Bank. How often do they meet? It is normal practice for the G20 finance ministers and central bank  governors to meet once a year. However, leaders met twice a year in  2009 and 2010, when the global economy was in crisis.  The last meeting of ministers and governors was held in Saint Petersburg, Russia between 5 and 6 September 2013. How does the G20 differ from the G7?  The G7 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. It was re-named the G8 after  the entry of Russia in 1998. This March, the G7 voted to suspend Russia  in response to escalating tensions with Ukraine that led to Russia's  annexation of Crimea. However, the suspension is designed to be  temporary.  Where the G7 seeks agreement on current economic  issues based on the interests of those countries, the G20 reflects the  wider interests of both industrial and emerging-market economies. Who chairs the G20 summit? he G20 has no permanent staff of its own. The G20 chair rotates  between members and is selected from different regional groupings each  year.  In 2014 the G20 chair is Australia, and in 2015 it will be Turkey.  Hosting the summit is an opportunity to set the agenda and lead discussions.   In 2009, when the UK hosted a special spring summit, former prime  minister Gordon Brown orchestrated a deal in which world leaders agreed  on a $1.1 trillion injection of financial aid into the global economy.  The "historic" deal was widely viewed as a success. Do all member countries exert equal influence? There are no formal votes or resolutions on the basis of fixed voting  shares or economic criteria. Every G20 member has one voice with which  it can take an active part in G20 activity.</blockquote>

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