Brasilia, May 9 (BNA): State Governor Claudio Castro said that the world’s largest economies in the Group of Twenty (G20) will hold their annual summit of heads of state or government next year in Rio de Janeiro.
Reuters reported that Brazil will take over the rotating G20 presidency from India on December 1.
A Brazilian government official said that the meeting of economic powerhouses will be held on November 18-19.
It will be the biggest event in Rio since the city hosted the Olympic Games in 2016 and the FIFA World Cup Final in 2014.
The G20 accounts for about 85% of global GDP, more than 75% of world trade and about two-thirds of the world’s population.
The G20 began two decades ago to include important emerging economies in discussions that were previously restricted to the Group of Seven industrialized economies.
After the financial crisis of 2007-2008, the G20 declared itself the main venue for international economic and financial cooperation, holding summits of finance ministers and central bankers.
The group consists of Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, Britain, the United States and Europe. union.