The Group of Twenty Finance Ministers and Central Bank Governors (also known as the G-20, G20, and Group of Twenty) is a group of finance ministers and central bank governors from 20 major economies: 19 countries plus the European Union.
The G-20 was proposed by former Canadian Prime Minister Paul Martin as a forum for cooperation and consultation on matters pertaining to the international financial system.
The group was formally inaugurated in September 1999 and held its first meeting in December 1999.
The heads of the G-20 nations met semi-annually at G-20 summits between 2008 and 2011. Since the November 2011 Cannes summit, all G-20 summits have been held annually.
Russia currently holds the chair of the G-20 and hosted the eighth G-20 summit in September 2013.
The next summit is scheduled in Brisbane, Australia in 2014, chaired by Tony Abbott, Prime Minister of Australia.
The member countries are: