Rio de Janeiro will host the G20 Summit 2024

Reuters, May 9 – RIO DE JANEIRO

The G20 Summit 2024, the world’s strongest economies, will conduct their annual heads of state or government conference in Rio de Janeiro next year, state Governor Claudio Castro announced.

Brazil will take over the G20 rotating presidency from India on December 1.

“It’s official,” Castro said on Twitter late Monday night.

According to a Brazilian government official, the conference of economic powerhouses will take place on November 18 and 19. It will be Rio’s grandest event since the Olympic Games in 2016 and the World Cup soccer final in 2014.

It’s official! RJ will host the G20 Heads of State Summit next year.

Cláudio Castro

The G20 accounts for over 85% of global GDP, 75% of global trade, and roughly two-thirds of the world’s population.

The G20 was formed two decades ago to engage significant emerging economies in discussions formerly limited to the Group of Seven developed economies.

Following the 2007-2008 financial crisis, the G20 designated itself the key platform for international economic and financial cooperation, convening summits of its finance ministers and central bank governors.

Argentina, Australia, Brazil, and Chile comprise the group.

China, France, Germany, India, Indonesia, and Italy

Mexico, Russia, and Saudi Arabia are among the countries represented.

South Africa, Turkey, the United Kingdom, the United States, and the European Union.

Rodrigo Viga Gaier contributed reporting. Marguerita Choy edited the piece.