World Leaders Gather for G20 Summit [BREAKING NEWS]

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World Leaders Gather for G20 Summit [BREAKING NEWS]

Exclusive Media News: World leaders have been arriving in the Argentine capital Buenos Aires ahead of the G20 summit.

The meeting brings together the leaders of the 20 most industrialised nations to discuss topics including trade and climate change.

World leaders are descending on Buenos Aires for the two-day G20 summit.

The summit of the globe’s largest economies begins Friday. But before it even got started, drama between some nations attending the gathering escalated.

President Trump left for the summit Thursday. He had initially planned on eight world leader meetings at the G20 but abruptly canceled a sit-down with Russian President Vladimir Putin ahead of his arrival in Argentina.

Read on for a look at what to know about the summit.

The setting
For two days, the leaders of nearly two dozen nations will convene in Buenos Aires, Argentina for the G20 summit.

It is the first time the summit has taken place in South America. It was held in Germany last year.


The summit was founded in 1999 as a forum of central bank presidents and finance ministers, according to its website. It began to include heads of government in 2008 during the international financial crisis.

According to the Financial Times, the host country could be seen as more vulnerable as the Argentine peso was devalued in recent months.

The participants

Along with host nation Argentina, the participants include Australia, Brazil, Canada, China, the European Union, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Spain, Turkey, the United Kingdom and the United States.

Regional groups represented by Rwanda, Senegal and Singapore are also invited, as is Jamaica on behalf of the Caribbean Community (CARICOM).

Additionally, the host nation is able to invite other guests. Argentina invited Chile and the Netherlands this year.

The plan
The weekend is packed with meetings divided into two “channels.”

Meetings in the financial channel feature central bank presidents and finance ministers to discuss “global collaboration in financial and monetary policies, which may include issues such as investment in infrastructure, fiscal policy, inclusion and financial regulation.”


The second channel is the “Sherpas channel” which includes a variety of non-financial topics such as gender quality or energy.

The summit also encourages participation in “affinity groups” that deal with business, labor, youth and science, among other things.

Since the presidency of the summit changes each year, Argentina will participate in what is called a “troika” with last year’s president (Germany) and next year’s (Japan) to ensure “continuity in the group’s agenda.”

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2 Responses

  1. Exclusive Media News says:

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  2. Just Awesome says:

    President Xi is the leader of the new GENERATION .
    The first lady , Madam Peng is always classy.
    Welcome to the new ERA .

    Merry Xmas and a Happy New Year

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