G8 is a group of countries that meet at a summit once a year
Eight largest economies in the world
Discuss major economic, political and social issues
Canada, France, Germany, Italy, Japan, Russia, Great Britain, and USA (EU observes)
Formed in 1975 Canada joins in 1976
Formed the World Bank, debt relief, look into terrorism, infectious disease etc.
Summary
The Group of Eight are the eight largest economies in the world, Canada, France, Germany, Italy, Japan, Russia, Great Britain and the US. They come together and meet at a summit once a year. They discuss issues of mutual or global concern such as health, law enforcement, labour, economy, social development, and energy issues. They look into terrorism, debt relief, environment issues, foreign affairs, justice and the trade economy.