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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