ABSTRACT
This chapter discusses the characteristics, evolution, benefits and challenges of the relationship of the G20 with international governmental organizations (IGOs), in particular the United Nations (UN), the Bretton Woods institutions (the International Monetary Fund, IMF and the World Bank), the Organisation for Economic Co-operation and Development (OECD), and the Bank for International Settlements (BIS) and its Basel Committee (BCBS). Some informal groups that have been created as a reaction to the G7/G8 and G20 or are closely related to those two fora are discussed in Chapter 7: the BRICS group (Brazil, Russia, India, China and South Africa), the G5 or ‘Outreach 5’ (Brazil, China, India, Mexico and South Africa), the MEF (Major Economies Forum on Energy and Climate) and the Global Governance Group (3G). The European Union (EU) has had a direct relationship with the G7/G8, and the G20 as a non-state member; it is, therefore, examined in Chapter 2. The Financial Stability Board (FSB) is covered in Chapter 3 as part of the broader G20 system.
