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The G20 - An Explanation
Comprising 85% of global GDP, 80% of world trade, and two-thirds of its population, participating countries include America, Canada, Germany, France, Britain, Italy, Spain (a permanent guest), China, Japan, India, South Korea, Indonesia, Russia, Brazil, Argentina, Mexico, Turkey, Australia, South Africa, and Saudi Arabia as well as EU Council and Commission Presidents.
Other attendees include:
-- the IMF's managing director and chairman;
-- the World Bank's president;
-- the international Monetary and Financial Committee (IMFC); and
-- chairman of the IMF/World Bank Development Committee.
Even though they rank higher economically than some members, excluded are Switzerland, Norway, Taiwan, Iran and Venezuela. Included only as part of the EU are Spain, Netherlands, Poland, Belgium, Sweden, Austria, Greece and Denmark.
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