The G20 is an international policy forum for dialogue and consensus-building among systemically important countries, both industrialised and emerging. It was created a decade ago in the aftermath of the Asian crisis, together with the Financial Stability Forum.
In the early years of its existence indeed, the G20 – one-third of which comprises countries from the Asia-Pacific region – put special emphasis on financial stability and crisis prevention, including aspects such as prudent debt management, domestic financial deepening and exchange rate regimes. Its agenda has widened since then.