It is a group of 20 countries refer as G20 established in 1999. G20 is a group of Finance Ministers and Central Bank Heads to debate crucial worldwide economic issues. Member countries include the United State, United Kingdom, Australia, Saudi Arabia, Russia, China, Germany, France, Brazil, Argentina, Canada, Italy, India, Japan, Indonesia, Turkey, Republic of Korea, Indonesia, Mexico, and South Africa. The European Union represented by ECB is also a member of G20.
G20 countries comprising of two-third of world’s population make up 90% of worlds gross national products. It also characterizes more than 80% volume of global trade.