G20, a privately owned entity based in Germany, was founded in 1999. It functions as a tier 1 media tech buyer. The company operates as an intergovernmental forum comprising 19 countries and the European Union, working to address major issues related to the global economy, such as international financial stability, climate change mitigation, and sustainable development.
The Paris Club of creditor nations on June 25, 2026, called for urgent reforms to the G20’s Common Framework for sovereign debt restructuring in low-income countries, with its 2025 annual report emphasizing the need for the key initiative to become faster and more efficient. This followed G7 leaders pledging on June 17 to intensify efforts to address rising debt burdens in developing nations, including vulnerable middle-income countries not currently eligible for the Group of 20’s debt relief framework established during the COVID-19 pandemic. A day earlier, G7 leaders reaffirmed their commitment to international cooperation on development and investment finance as a driver of shared prosperity and highlighted their willingness to provide support to the most vulnerable. Earlier on June 11, the G20 had committed to addressing the high cost, slowness, and opacity of cross-border money transfers, aiming to streamline international payments and ensure transparency regarding fees.
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