CURRENT AFFAIRS

Detailed explanation-1: -Spain is not a member of the G-20, although it has taken part in the Group’s extraordinary summits and some ordinary meetings and is therefore considered a permanent guest.

Detailed explanation-2: -Each year, the presidency invites guest countries to participate. Spain is invited as a permanent guest. The G20 brings together the world’s major and systemically important economies. Its members account for around 85 per cent of global GDP, 75 per cent of global trade and 65 percent of the world’s population.

Detailed explanation-3: -Guest invitees include, amongst others, Spain, the United Nations, the World Bank, the African Union and ASEAN.

Detailed explanation-4: -The G20 comprises Argentina, Australia, Brazil, Canada, China, EU, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, UK and USA. The G20 Countries together represent around 90% of global GDP, 80% of global trade, and two thirds of the world’s population.

Detailed explanation-5: -The G20 does not have a permanent Secretariat. In the process and system of its work, the G20 has a Presidency determined by consensus by its members based on regional rotation and changes every year.