On November 17th, 1985, leaders from 20 of the world's major economies gathered for the opening ceremony of the first G20 summit in Berlin, Germany. This summit aimed to address global economic challenges and promote international financial stability.

The inaugural G20 summit brought together finance ministers and central bank governors from various countries to enhance international economic cooperation. Key players included Germany's Chancellor Helmut Kohl and U.S. Treasury Secretary James Baker, among others.

The establishment of the G20 had a lasting impact on the global economy, creating a platform for international dialogue and collaboration among the world's largest economies. It has evolved into a significant annual forum for addressing pressing economic issues.

The creation of the G20 was a response to a series of economic crises in the 1980s, reflecting a need for cooperative solutions to address interconnected global financial issues.

An interesting fact about the G20 is that it was initially a meeting for finance ministers and was only elevated to a leaders' summit in 2008 due to the global financial crisis, showcasing its flexibility in addressing urgent issues.

The G20 has a wide-ranging agenda, covering various topics beyond economic cooperation, including climate change, health, and sustainable development, reflecting evolving global challenges.

Interestingly, the G20 includes both developed and emerging economies, featuring members like China, India, and Mexico, showcasing the diversity of perspectives in global economic governance.

Lastly, as of 2021, the G20 represents about 80% of the world's GDP and two-thirds of the global population, making it a critical platform for international discussions on economic policies.

What do you think are the most important issues that global leaders should address in future G20 summits?