Why was the G20
Created?
Arihant current affairsmagazine The G20 was conceived
in 1999, while the repei-cussions of the Asian financial crisis of 1997 still
lasted. The committee's inaugural meeting took -place in Berlin in December
1999. Arihant current affairsmagazine In a meeting of
finance ministers and presidents of central banks of the G7, it was decided to
expand the group and make it more representative in order to generate policies
that have an impact In the economy. arihant current affairsmagazine subscription They decided to
invite a group of key -emerging economies to a new forum of finance ministers
and presidents of Central Banks, which would later become the G20.With the
start of the global financial crisis of 2008, arihantcurrent affairs magazine subscription the
620 became the main instrument to face the debacle. And for that it was
essential to involve the highest ranking officials.Thereafter, presidents and
heads of stare joined the 620