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Which one of the following statements about the Group of Twenty (G20) is not correct?
It was founded in 1999.
The G20 summit is held annually under the leadership of a rotating Presidency.
The G20 members represent around 85% of the global GDP.
The G20 comprises twenty countries.
The Group of Twenty (G20) consists of the world's major economies and includes:
1. Founded in 1999: The G20 was indeed established in 1999 in response to financial crises, serving as a forum for international economic cooperation.
2. Annual summits: The G20 summit is held annually under the presidency of a member nation, decided on a rotational basis.
3. Global representation: G20 members represent about 85% of global GDP, showcasing their significant economic influence.
4. Composition: The G20 includes 19 countries plus the European Union, totaling 20 members but not exactly "twenty countries".
Answer: Option 4 - The G20 comprises twenty countries.
By: Babita ProfileResourcesReport error
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