International economic cooperation
The G20 brings together the largest economies in the world. Composed of 19 countries and two regional bodies, it represents approximately 85% of the Gross Domestic Product (GDP), more than 75% of trade, and about two-thirds of the world's population. It is also the main forum for international economic cooperation in the world and plays a crucial role in defining and strengthening global architecture and governance.
Every year, the G20 has rotating presidencies. Since December 1st, 2023, Brazil has held this responsibility. The country will remain in this position until November 30th, 2024.
Since its creation, the group has broadened its agenda beyond general macroeconomic issues to include topics such as trade, sustainable development, health, agriculture, energy, the environment, climate change, and the fight against corruption.
The G20 Summit, which brings together of the leaders of member countries, is an important milestone for the coordination of policies and actions aimed at addressing global economic challenges. In addition to the 21 members, it frequently invites other countries to participate in its discussions, promoting an inclusive and collaborative approach. There are currently eight guests.
With Brazil in the presidency, a renewed focus on critical issues for sustainable development and global cooperation is expected, reaffirming the importance of the G20 as an indispensable forum for the global economy.
Member countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom, and the United States.
Regional bodies: African Union and the European Union.
Invited countries: Angola, Egypt, United Arab Emirates, Spain, Nigeria, Norway, Portugal and Singapore.
Working Groups (WGs)
The G20 operates in two main strands: the Sherpas Trail and the Finance Trail. The first, led by the personal representatives of the group's leaders, oversees negotiations and coordinates most of the work. Under the presidency of Brazil, it has 15 Working Groups, two task forces focused on the Global Alliance against Hunger and Poverty, and the Global Mobilization against Climate Change, as well as an initiative on the bioeconomy.
The Finance Track addresses macroeconomic issues and is led by the finance ministers and central bank governors of member countries, with seven Working Groups and a Joint Finance and Health Task Force.
The Troika system, a trio formed by the last, current and next president of the group, helps coordinate the activities of the G20. Currently, the Troika is composed, respectively, of India, Brazil and South Africa.
Within the G20, Sherpas are the leaders of each country who forward discussions and agreements to the final summit with heads of state and government. In Brazil, the Sherpa appointed by the Federal Government is Ambassador Mauricio Lyrio, Secretary of Economic and Financial Affairs of the Foreign Ministry.
Working Groups
Those are: Agriculture, Anti-Corruption, Trade and Investment, Culture, Development, Digital Economy, Education, Women's Empowerment, Research and Innovation, Environmental and Climate Sustainability, Employment, Energy Transitions, Disaster Risk Reduction, Tourism and Health.