The Group of 20

The Group of 20 is an intergovernmental forum of the world’s major economies comprising of 19 countries and the European Union. Founded in 1999, the group accounts for 80 percent of the world's GDP, three quarters of global trade and 60 percent of the world's population.

The group has no permanent secretariat, but operates with a rotating annual presidency which currently resides with Italy. It works to address critical issues related to the global economy, including financial stability, energy and the environment.

The IEF is an active participant in the G20 as the IEF mission remains closely aligned with the core objectives of the G20. IEF Secretary General Joseph McMonigle recently participated in the G20 Energy and Climate Ministerial Meeting.