Member countries and organizations
In 2010, there are 20 members of the G-20. These include, at the leaders summits, the leaders of 19 countries and of the European Union and, at the ministerial-level meetings, the finance ministers and central bank governors of 19 countries and of the European Union :[2][6]
In addition to these 20 members, the following forums and institutions, as represented by their respective chief executive officers, participate in meetings of the G-20:[2]
- the Managing Director of the International Monetary Fund
- the Chairman of the International Monetary Fund
- the President of the World Bank
- International Monetary and Financial Committee
- the Chairman of the Development Committee
Membership does not reflect exactly the 19 largest national economies of the world in any given year. The organization states:[1]
“ | In a forum such as the G-20, it is particularly important for the number of countries involved to be restricted and fixed to ensure the effectiveness and continuity of its activity. There are no formal criteria for G-20 membership and the composition of the group has remained unchanged since it was established. In view of the objectives of the G-20, it was considered important that countries and regions of systemic significance for the international financial system be included. Aspects such as geographical balance and population representation also played a major part. |