What is the G-20 and how is Canada involved?
The purpose of the G-20 is to ensure broader participation in discussions on international financial affairs among countries that play a particularly crucial role in the global economy. The G-20 consists of finance ministers and central bank governors from 19 industrialized and emerging market countries. The members are: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States and the European Union. The G-20 also includes representatives from the European Central Bank and the Bretton Woods institutions (the World Bank and the International Monetary Fund) and their policy committees. The G-20 was created in September 1999, at which time the Minister of Finance for Canada was chosen to serve as chair for the first two years. For the latest information about the G-20, consult the official G-20 website located at http://www.g20.org.
