G20:An Introduction

GROUP OF Twenty Finance Ministers and Central Bank Governors 
ESTABLISHED DATE: 
December 15-16, 1999 at Berlin, Inaugural meeting is hosted by German and Canadian finance ministers.
WHY G-20 CAME INTO EXISTENCE:
Came into existence following the financial crises of 1990s in emergent market economies (EMEs).
 Emerging economies were not presented popularly in  Global economic discussions and Goivernance.
MEMBERS: 
There are 20 members of the G-20. These include 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 
United Kingdom 
United States of America 
20th member of G-20 is European Union, which is represented by the rotating Council presidency and the European Central Bank.
 
OTHER BODIES PARTICIPATION IN G-20 MEET:
The European Central Bank 
The Managing Director of the International Monetary Fund. 
The Chairman of the IMFC 
The President of the World Bank 
The Chairman of the Development Committee 
 
MAIN FOCUS:
Development of the global economic and financial system. 
Reducing abuse of the financial system. 
Dealing with financial crisis. 
Reform of the international financial architecture
 
Chairs:
Canada  (1999-2001) 
India (2002) 
Mexico (2003) 
Germany (2004) 
China(2005) 
Australia (2006) 
South Africa (2007) 
Brazil (2008) 
United Kingdom(2009)
In 2010 it will be South Korea.

Canada’s Minister of Finance, Paul Martin, is the acting chairman of the G20 (as on July 2009).