Read the following write-up and choose the correct alternatives.

The G-20 summit is an annual gathering of leaders from nineteen of the world’s largest economics and European Union. The Group of Twenty (G-20) was established in 1999, For the global economic co-operation and geopolitical stability. During the summit, the leaders discuss various issues, including economic-growth, trade, climate change. They can have a significant impact on global economic and political developments.