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G 20
Why is it in news?
- G20 summit was recently held virtually.
Details:
- G-20 leaders vowed to share information and the material needed for research, to exchange epidemiological and clinical data, and to strengthen health systems.
- They also promised to work together to increase funding for vaccine research.
- The Saudi monarch touted G-20 efforts to inject more than $ 11 trillion into the global economy this year as stimuli to support businesses and the most vulnerable.
About G20:
- It is the premier forum for international economic cooperation.
- The G20 brings together the leaders of both developed and developing countries from every continent.
- Collectively, G20 members represent around 80% of the world’s economic output, two-thirds of global population and three-quarters of international trade.
- Throughout the year, representatives from G20 countries gather to discuss financial and socioeconomic issues.