The G7 Leaders' Summit 2022 is expected to take place in June 2022 in the Bavarian Alps. Germany will take over the G7 Presidency on 1 January 2022, and will host the Summit. The seven G7 countries are Canada, France, Germany, Italy, Japan, the UK and the US.
Countries attending
Canada France Germany Italy Japan United Kingdom United States European Union Invited guests Argentina India Indonesia Senegal South Africa Ukraine They are Canada, France, Germany, Italy, Japan, the UK and the United States. Russia joined in 1998, creating the G8, but was excluded in 2014 for its takeover of Crimea. China has never been a member, despite its large economy and having the world's biggest population. READ AND WATCH MORE FROM LALIT MOHAN SHUKLAThe Group of Seven (G-7) is an intergovernmental organization made up of the world's largest developed economies: France, Germany, Italy, Japan, the United States, the United Kingdom, and Canada. Government leaders of these countries meet periodically to address international economic and monetary issues, with each member taking over the presidency on a rotating basis. The G-7 was, for a while, known as the Group of Eight (G-8), until 2014 when former member Russia was removed after annexing the region of Crimea illegally from Ukraine.1 The European Union (EU) is sometimes considered to be a de-facto eighth member of the G-7 since it holds all the rights and responsibilities of full members except to chair or host meetings. The G-7 is not an official, formal entity and, therefore, has no legislative or authoritative power to enforce the recommended policies and plans it compiles. How the Group of Seven (G-7) WorksThe major purpose of the G-7 is to discuss and sometimes act in concert to help resolve global problems, with a special focus on economic issues. Since its inception in the early 1970s, the group has discussed financial crises, monetary systems, and major world crises, such as oil shortages. The G-7 has also launched initiatives to fund issues and relieve crises where it sees an opportunity for joint action. Those efforts include several aimed at debt relief for developing nations. | |
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