Group of Twenty definition

Group of Twenty means the informal group of twenty finance ministers and central bank governors from twenty major economies: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, United Kingdom, USA and the European Union (“EU”).

Group of Twenty or “G20” means the central forum for international co-operation in financial and economic questions and includes argentina, australia, brazil,

Examples of Group of Twenty in a sentence

• We, the Leaders of the Group of Twenty, held an initial meeting in Washington on November 15, 2008, amid serious challenges to the world economy and financial markets.

• Recognizing that climate change affects a wide range of subjects, it will be a United States priority to press for enhanced climate ambition and integration of climate considerations across a wide range of international fora, including the Group of Seven (G7), the Group of Twenty (G20), and fora that address clean energy, aviation, shipping, the Arctic, the ocean, sustainable development, migration, and other relevant topics.

• We, the Leaders of the Group of Twenty, met in London on 2 April 2009.

• Finally, the Standards are intended to support the initiatives of the Group of Twenty Finance Ministers and Central Bank Governors (G20) and the Financial Stability Board (FSB) to strengthen core financial infrastructures and markets.

• The Group of Twenty (G-20) is a forum for advancing international cooperation and coordination among 20 major advanced and emerging-market economies.

• The Group of Twenty, or G20, issued the Principles on Crowding-in Private Sector Finance in April 2017 (the Hamburg Principles), which provide a common framework for MDBs to increase private investment levels to support their development objectives.

• The “G-20” refers to the Group of Twenty: a forum for finance ministers and central bank governors established in 1999 to bring together systemically important industrialized and developing economies to discuss key issues in the global economy.

• The Group of Twenty has agreed that requiring standardized and sufficiently liquid OTC derivatives to be cleared through central counterparties will result in more effective management of counterparty credit risk.

• The Group of Twenty, in April 2009, further stated that "it is essential to protect public finances and international standards against the risks posed by non-cooperative jurisdictions" and called on all jurisdictions "to adhere to the international standards in the prudential, tax and AML/CFT areas"115.

• The importance of supervision to promote, inter alia, integrity in the financial system was recently recalled by the Group of Twenty (G-20)95.