The U.S. Department of the Treasury engages with the Group of 7 (G7) and Group of 20 (G20) on a variety of international economic development and security issues.

The G20 was foreshadowed at the Cologne summit of the G7 in June 1999, and formally established at the G7 Finance Ministers' meeting on 26 September 1999 with an inaugural meeting on 15–16 December 1999 in Berlin.

Jun 24, 2024 · Emerging powers including Brazil, China, India, Mexico, and South Africa all belong to the G20. Russia remains a member of the G20, despite calls by some G7 countries for its removal.

Both the G20 and G7 aim to promote international economic cooperation and stability, but they have different areas of focus. The G20 focuses on addressing global economic challenges, such as financial regulation, trade, and sustainable development.

The Group of Seven (G7) is an intergovernmental political and economic forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States; additionally, the European Union (EU) is a "non-enumerated member".

Nov 26, 2024 · This year Italy holds the presidency of the G7 for the seventh time in history, while the G20 in Rio de Janeiro, which interacted with COP29 held in Baku. But what are they exactly the G20? And the G7 and G8?

Nov 15, 2024 · Leaders from the world’s twenty largest economies (G20) are gathering in Rio de Janeiro, Brazil this week to discuss the world’s most pressing challenges. The focus on the summit will be social inclusion, global governance reform, and energy transitions.

2 days ago · Canadian Foreign Minister Mélanie Joly, pictured here last month at a gathering of G20 foreign ministers in South Africa, hosts her G7 counterparts in Quebec this week. | Emmanuel Croset/AFP via ...

Mar 25, 2022 · While the G-20 is a primarily economic group, the G-7, made up of the U.S., Canada, Japan, the U.K., France, Germany and Italy, is a more political group. These are still wealthy countries, but they’re also all democracies and the group deals as much with political issues as with financial ones.

1 day ago · The G7 “is not a meeting about how we’re going to take over Canada,” he said. ... Rubio notably skipped a meeting of G20 foreign ministers — a bigger but less powerful group that includes ...