Why is it called g20

Osservatorio geoeconomia ISPI. Gianclaudio Torlizzi. Clima: i Grandi non bastano. Giampiero Massolo. Presidente ISPI. Giulia Sciorati. In some ways, the G20 is now the world's premier economic crisis-management organization. But the small size of the G20 is a curse as well as blessing. As it only represents 19 countries plus the EU , it excludes a pretty huge chunk of the world from discussions about big economic decisions about countries are not invited to the meetings.

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Chosen recommendations and deliverables from ministerial meetings and other work streams also reach sherpas and deputies of finance ministers. The G20 working process changes from year to year. This depends on the priority areas the host wishes to introduce to augment or adjust the agenda.

The number of key work streams, or tracks, that will be active each year is determined by the host. Working group meetings are often co-chaired by one advanced and one emerging economy. These meetings take place to provide specific knowledge and recommendations. Working groups also develop deliverables for ministers. Some of these deliverables reach leaders via their personal representatives sherpas. Leaders are also informed by meetings of finance ministers and central bank governors.

G20 policy-making is also supported by the participation of key international organizations that are invited to G20 meetings. For example:. G20 members have made a commitment to consult relevant stakeholder communities. The G20 establishment of engagement groups, comprising participants from each G20 member, provides a vehicle for such dialogue.

Engagement groups meet to discuss key issues in their area of interest. These groups often draft recommendations to G20 governments.