Brazil officially takes over the rotating annual presidency of the all-powerful G20 bloc on December 1. (Illustration: News18), The G20 is a top global economic forum, comprising 19 nations, the European Union, and the African Union, representing major economies. (Illustration: News18), The G20 presidency rotates among five groups of member countries, with each country becoming eligible when it's their group's turn. (Illustration: News18), Countries within a group negotiate to choose the next G20 President. (Illustration: News18), Eligible nations negotiate to choose their group's presidency. To ensure continuity, a "troika" of the current, past, and next host countries supports the presidency. (Illustration: News18), The presidency allows a country to lead the G20 agenda and host meetings throughout the year. It doesn't grant special powers. (Illustration: News18) , Brazil will officially assume the G20 presidency on Dec 1, 2023. Throughout its presidency, Brazil will host ministerial-level summits in all five of its regions, concluding with the final summit in Rio de Janeiro on Nov 18 and 19, 2024. (Illustration: News18)