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G7/G20

The heads of state and government of the world’s seven leading advanced economies (G7) and 20 major economic and political powers (G20) meet annually at the invitation of the country holding the presidency that year.

G20 extends debt suspension for poorest countries

In their vir­tu­al meet­ing in Oc­to­ber 2020, the G20 fi­nance min­is­ters and cen­tral bank gov­er­nors de­cid­ed to ex­tend their debt sus­pen­sion for the world’s poor­est coun­try to con­tin­ue sup­port­ing them dur­ing the coro­n­avirus pan­dem­ic. They agreed, in prin­ci­ple, on a com­mon frame­work for man­ag­ing sovereign debt go­ing for­ward. They al­so em­pha­sised the im­por­tance of col­lec­tive ac­tion to con­tain the virus and eq­ui­tably dis­tribute the vac­cine world­wide in or­der for the glob­al econ­o­my to re­cov­er.

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G20 Finance Track: Documents

While the G20’s de­ci­sions are not legal­ly bind­ing, its mem­bers make vol­un­tary com­mit­ments which car­ry con­sid­er­able po­lit­i­cal weight. We have put to­geth­er an overview of the com­mu­niqués from the meet­ings of fi­nance min­is­ters and cen­tral bank gov­er­nors, as well as some key doc­u­ments and sum­mit dec­la­ra­tions is­sued since 2008. These doc­u­ments are avail­able for down­load in PDF for­mat.

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Content-related sites

Group of 7

The Group of Sev­en (G7)/Group of Eight (G8) is an in­for­mal fo­rum of the world’s lead­ing economies. The heads of state and gov­ern­ment of these coun­tries for­mu­late joint po­si­tions on glob­al pol­i­cy is­sues when they meet for an­nu­al sum­mits.

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Group of 20

The Group of 20 com­pris­es the 19 lead­ing ad­vanced and emerg­ing economies plus the Eu­ro­pean Union. Formed in 1999, the G20 is the main fo­rum for dis­cussing the in­ter­na­tion­al reg­u­la­to­ry frame­work.

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G20 Presidency 2020

Sau­di-Ara­bia has held the pres­i­den­cy of the Group of 20 since 1 De­cem­ber 2012. For more in­for­ma­tion, please re­fer to the web­site main­tained by the host coun­try.

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g20 G20 Compact with Africa

The Com­pact with Africa was ini­ti­at­ed un­der the Ger­man G20 Pres­i­den­cy to pro­mote pri­vate in­vest­ment in Africa, in­clud­ing in in­fras­truc­ture. Its pri­ma­ry ob­jec­tive is to in­crease at­trac­tive­ness of pri­vate in­vest­ment.

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