G20 Summit 2017
The G20 is the premier forum for international economic cooperation and increasingly the central forum for all questions of global governance. It responds to the insight that national action alone falls short in an increasingly networked world.
The G20 began in 1999 as a meeting of Finance Ministers and Central Bank Governors in the aftermath of the financial crises in Asia, Latin America, and Asia. The initial objective was to preempt balance of payments problems and turmoil on financial markets by improved coordination of monetary, fiscal, and financial policies. In 2008, the first G20 Leaders’ Summit was held to deal with the global financial crisis. G20 leaders have met eleven times since 2008, and there is now a Leaders’ Summit each year.