5/31/2023 0 Comments G20 summit next meetingPedro Sánchez, during the inauguration event of the Ministerial Meeting of the Organization for Economic Co-operation and Development (OECD) in October, 2020. The remaining members - currently 38 - have joined in stages. The OECD thus brings together the most prosperous countries in the world, accounting for at least 60% of the market and 70% of world GDP. Its founding members were the Federal Republic of Germany, Austria, Belgium, Denmark, Spain, France, Great Britain, Greece, the Netherlands, Ireland, Iceland, Italy, Luxembourg, Norway, Portugal, Sweden, Switzerland, Turkey, the United States and Canada. It was established in 1961 from the structure of the European Economic Cooperation Organisation, founded in 1948 and then created to administer the Marshall Plan funds donated by the United States. The Organisation for Economic Co-operation and Development (OECD) is an intergovernmental organisation based in Paris whose primary objectives are to promote economic development and cohesion. Following this participation, Spain consolidated its position in the G-20, as befits its political and economic weight in the international community. Subsequently, Spain was officially invited to attend the extraordinary summit in London in April 2009. Spain's first participation in the G-20 took place at the extraordinary summit in November 2008 in Washington. Spain is not a member of the G-20, although it has taken part in the Group's extraordinary summits and some ordinary meetings and is therefore considered a permanent guest. The President of the Government, Pedro Sánchez, following the G20 Summit held in Osaka, Japan, in 2019. Since then, fifteen extraordinary summits have been held in different venues. The latest took place in November 2020 in Riyadh, Saudi Arabia. It was in 2008, as a consequence of the global crisis, that the G-20 was constituted as a Summit of Heads of State, displacing the G-8 and the G8+5 as a forum for discussion of the world economy. It also gives a voice to emerging countries whose size or strategic importance influences the globalised economy. Since its first meeting in Berlin in 1999, the G20 has emerged as a group of economic and financial authorities convening to improve coordination on growth policies, financial crisis management and the reduction of abuse and unlawful activities in the financial system. The G20 accounts for 90% of world GNP, 80% of global trade and two-thirds of the world's population.
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