MCQ Detailed View

The inaugural meeting of the Group of Twenty (G20) was held in Berlin, Germany on 15–16 December 1999. It was convened after the 1997–98 Asian financial crisis by the finance ministers and central bank governors of the world’s major economies. The purpose was to create a broader and more inclusive platform for global economic coordination beyond the G7 nations.

Founding and Background: The G20 was formally founded in 1999 to strengthen international financial stability and foster global economic cooperation. Unlike other organizations, the G20 does not have a permanent headquarters or secretariat. Instead, the presidency rotates annually among member countries, and each host nation organizes the summit and related meetings.

Key Facts about the inaugural meeting:

• City: Berlin


• Country: Germany


• Dates: 15–16 December 1999


• Purpose: Strengthen cooperation after the Asian financial crisis


• First Chairman: Paul Martin (Finance Minister of Canada)


• Host: Hans Eichel (Finance Minister of Germany)

Membership: The G20 consists of 19 countries plus the European Union. Members include major economies such as the USA, China, India, Japan, Russia, Brazil, Germany, and others. Together, they represent more than 80% of global GDP and around 75% of world trade.

Global Importance: Since its first meeting in Berlin, the G20 has become the leading forum for addressing international economic issues, trade, climate change, and sustainable development. It provides a platform for both developed and emerging economies to work together on policies that affect global growth and stability.

Therefore, the correct answer is Berlin, Germany.