๐ FOCUS : Understanding the G4, G7, G8, G10, G12 ,G15, G20, G24
๐Cover : Thread of 15 tweets with pics attached
๐G4
Memeber: Brazil, Germany, India๐ฎ๐ณ Japan
Focus : Support each other's bids for "permanent seats on the United Nations Security Council."
Formation : 2005
๐Cover : Thread of 15 tweets with pics attached
๐G4
Memeber: Brazil, Germany, India๐ฎ๐ณ Japan
Focus : Support each other's bids for "permanent seats on the United Nations Security Council."
Formation : 2005
๐G-7
Type : inter-governmental political forum
Members: Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.
Est : 1975
Facts:
A. G7 accounts for close to 60% of global net wealth.
B. Around 35% of global gross domestic product (GDP).
Type : inter-governmental political forum
Members: Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.
Est : 1975
Facts:
A. G7 accounts for close to 60% of global net wealth.
B. Around 35% of global gross domestic product (GDP).
๐G8
2. Group of Eight (G8) was an inter-governmental political forum from 1997 until 2014. It had formed from incorporating the country of Russia into the Group of Seven, or G7, and returned to its previous name after Russia was disinvited in 2014. (After Crimea annexation)
2. Group of Eight (G8) was an inter-governmental political forum from 1997 until 2014. It had formed from incorporating the country of Russia into the Group of Seven, or G7, and returned to its previous name after Russia was disinvited in 2014. (After Crimea annexation)
๐G10
Type : Countries that agreed to participate in the General Arrangements to Borrow (GAB), an agreement to provide the IMF with additional funds to increase its lending ability
Est : 1962
Memeber :Japan,USA, Canada,UK, Sweden,Germany,Belgium, Netherlands,France,Italy 1/n
Type : Countries that agreed to participate in the General Arrangements to Borrow (GAB), an agreement to provide the IMF with additional funds to increase its lending ability
Est : 1962
Memeber :Japan,USA, Canada,UK, Sweden,Germany,Belgium, Netherlands,France,Italy 1/n
& Switzerland
Note : G-10 grew in 1964 by eleventh member, Switzerland but the name of the group remained the same.2/2
Note : G-10 grew in 1964 by eleventh member, Switzerland but the name of the group remained the same.2/2
๐G12
The Group of Twelve or G12 is a group of industrially advanced countries whose central banks co-operate to regulate international finance.
๐Note that the G-12 consists of 13 countries. 1/n
The Group of Twelve or G12 is a group of industrially advanced countries whose central banks co-operate to regulate international finance.
๐Note that the G-12 consists of 13 countries. 1/n
It encompasses the initial ten members of the International Monetary Fund (IMF), which formed the original G10, adding Australia and Spain. In 1984, when Switzerland joined the G10 and G12, the names of the groups were not changed. 2/2
๐G15
5. G-15
Type : Group of 15 is an informal forum set up to foster cooperation and provide input for other international groups, such as the World Trade Organization (WTO) and the Group of Seven.
Est : At Ninth Non-Aligned Movement Summit Meeting in Belgrade, 1989. 1/2
5. G-15
Type : Group of 15 is an informal forum set up to foster cooperation and provide input for other international groups, such as the World Trade Organization (WTO) and the Group of Seven.
Est : At Ninth Non-Aligned Movement Summit Meeting in Belgrade, 1989. 1/2
Focus: The G-15 focuses on cooperation among developing countries in the areas of investment, trade, and technology.
Note : Membership has since expanded to 18 countries, but the name has remained unchanged.
Note : Membership has since expanded to 18 countries, but the name has remained unchanged.
๐ G20
Type : intergovernmental forum comprising 19 countries and the European Union (EU).
Focus : It works to address major issues related to the global economy, such as international financial stability, climate change mitigation, and sustainable development. 1/n
Type : intergovernmental forum comprising 19 countries and the European Union (EU).
Focus : It works to address major issues related to the global economy, such as international financial stability, climate change mitigation, and sustainable development. 1/n
Fact: A. G20 is composed of most of the world's largest economies, including both industrialized and developing nations.
B. The group collectively accounts for around 90%of gross world product (GWP),75-80 percent of international trade, two-thirds of the world's population. 2/n
B. The group collectively accounts for around 90%of gross world product (GWP),75-80 percent of international trade, two-thirds of the world's population. 2/n
C. The G20 was founded in 1999 in response to several world economic crises.
D. Since 2008, the group convenes at least once a year, with summits involving each member's head of government or state. 3/3
D. Since 2008, the group convenes at least once a year, with summits involving each member's head of government or state. 3/3
๐G24
๐ 7. G-24
Type : Intergovernmental
Established : in 1971 as a chapter of the "Group of 77"
Focus : In order to help coordinate the positions of developing countries on international monetary and development finance issues, as well as and to ensure that 1/4
๐ 7. G-24
Type : Intergovernmental
Established : in 1971 as a chapter of the "Group of 77"
Focus : In order to help coordinate the positions of developing countries on international monetary and development finance issues, as well as and to ensure that 1/4
their interests are adequately represented in negotiations on international monetary matters.
Status : Though originally named after the number of founding Member States, it now has 28 Members (plus China, which acts as a Special Invitee). 2/4
Status : Though originally named after the number of founding Member States, it now has 28 Members (plus China, which acts as a Special Invitee). 2/4
Outreach : Although the G-24 officially has 28 member countries, any member of the G-77 can join discussions.
Members : Region I (Africa):
Algeria,Cรดte d'Ivoire,DR Congo,Egypt, Ethiopia,Gabon,Ghana,Kenya,Morocco,Nigeria,South Africa
3/4
Members : Region I (Africa):
Algeria,Cรดte d'Ivoire,DR Congo,Egypt, Ethiopia,Gabon,Ghana,Kenya,Morocco,Nigeria,South Africa
3/4
Region II (Latin America and the Caribbean):
Argentina,Brazil,Colombia,Ecuador,Guatemala
Haiti,Mexico
Peru,Trinidad and Tobago,Venezuela, Bolivia
Region III (Asia):
China,India๐ฎ๐ณIran,Lebanon,Pakistan,Philippines, Sri Lanka,Syria
4/4.
Argentina,Brazil,Colombia,Ecuador,Guatemala
Haiti,Mexico
Peru,Trinidad and Tobago,Venezuela, Bolivia
Region III (Asia):
China,India๐ฎ๐ณIran,Lebanon,Pakistan,Philippines, Sri Lanka,Syria
4/4.
Yeah Japan map is wrong.
Sorry for that.
Sorry for that.
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