2008day.year
The first G-20 economic summit opens in Washington, D.C.
The first G-20 economic summit opened in Washington, D.C. in 2008, bringing together world leaders to address global financial challenges. It laid the groundwork for future multilateral economic cooperation.
On November 14, 2008, the inaugural G-20 Leaders' Summit convened in Washington, D.C., amid the global financial crisis. Heads of state and government from 19 major economies plus the European Union gathered to coordinate responses to the market meltdown. They discussed fiscal stimulus measures, financial sector reforms, and plans to stabilize credit markets. The summit resulted in a joint communiqué committing over a trillion dollars to bolster economic recovery. It marked a significant shift towards inclusive dialogue beyond the G-7 format, reflecting rising emerging economies. The event established the G-20 as the premier forum for international economic governance, shaping policy coordination for years to come.
2008
first G-20 economic summit