Obama will tell reporters that the G-20, comprised of 19 industrial and emerging-market countries plus the European Union, will supplant the smaller Group of Eight nations, G-8, as the go-to group for solving the world's economic ills.
"This decision brings to the table the countries needed to build a stronger, more balanced global economy, reform the financial system, and lift the lives of the poorest," the White House said in a statement. Contents from:
http://www.foxnews.com/politics/2009/09/25/obama-announce-expansion-global-cooperation/
Really think about the White House Statments means.