What kind of international organization is G20?

International Economic Cooperation Forum. Founded in 1999, the G20 is a major international economic cooperation forum, consisting of China, Argentina, Australia, Brazil, Canada, France, the United States and the European Union. Through continuous development, the organization plays an important role in shaping the global structure of major international economic issues and strengthening governance. The G-20 has a wide coverage and strong representation, balancing the interests of developed and developing countries and different regions. Its population accounts for two-thirds of the world, its land area accounts for about 60% of the world, its GDP accounts for 85% of the world and its trade volume accounts for 80% of the world. In 2008, the G20 was upgraded to the level of head of state/government, and in 2009, it was designated as the "premier forum for international economic cooperation". The G20 summit is held once a year, led by the rotating presidency. The G20 initially focused on a wide range of macroeconomic issues, but later expanded its agenda to cover trade, sustainable development, health, agriculture, energy, environment, climate change and anti-corruption. As of April 2023, there have been 17 summits, 2 special summits and 1 global health summit. G20 Summit adopts the dual-track preparation mechanism of coordinator and financial channel, operates according to the principle of consensus, and does not have a permanent body. From September 9 to 10, 2023, 18 G20 Summit was successfully held in Bharatman Dapam, New Delhi, India. At the summit, the African Union became a full member of the G20. The People's Daily commented: "The G20 summit mechanism was born in the context of the global financial crisis, and now it has become a recognized main platform for international economic cooperation and plays an important top-level design role in global economic governance."