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Explore World Team Formed G20 | Tamil | Madan Gowri with 716,843 views, 35,168 likes, and 5,519 comments. Experience the impact of this video content that has captured audience attention.

The G20 (or Group of Twenty) is an international forum for the governments and central bank governors from 19 countries and the European Union (EU). Founded in 1999 with the aim to discuss policy pertaining to the promotion of international financial stability, the G20 has expanded its agenda since 2008 and heads of government or heads of state, as well as finance ministers and foreign ministers, have periodically conferred at summits ever since. It seeks to address issues that go beyond the responsibilities of any one organization. Membership of the G20 consists of 19 individual countries plus the European Union. The EU is represented by the European Commission and by the European Central Bank. Collectively, the G20 economies account for around 90% of the gross world product (GWP), 80% of world trade (or, if excluding EU intra-trade, 75%), two-thirds of the world population, and approximately half of the world land area. Leaders of the Group of 20 or G20 major economies on Thursday pledged to infuse over $5 trillion into the global economy, and do “whatever it takes" to minimize the economic and social impact. In a joint statement issued after the G-20’s first ever virtual summit, chaired by Saudi Arabia, members committed themselves to restore global growth, maintaining market stability and strengthening resilience. Prime Minister Narendra Modi was among leaders who participated in the video conference. “We are injecting over $5 trillion into the global economy, as part of a targeted fiscal policy, economic measures, and guarantee schemes to counteract the social, economic and financial impacts. While the US announced a fiscal stimulus of $2 trillion, India committed ₹1.7 trillion to help the vulnerable sections of society tide over the financial impact. “This initiative will capitalize on existing programmes to align priorities in global preparedness and act as a universal, efficient, sustained funding and coordination platform to accelerate the development and delivery of vaccines, diagnostics and treatments. To safeguard the future, we commit to strengthen national, regional, and global capacities to respond to potential infectious disease outbreaks by substantially increasing our epidemic preparedness spending.

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