Below AFP Sport looks back at the six previous finals of a competition that started life as the ICC Knockout in 1998.
1998: Dhaka: South Africa 248-6 bt West Indies 245 by 4 wkts
All-rounder Jacques Kallis took five wickets before the late Hansie Cronje, then South Africa's captain, scored an unbeaten 61 as the Proteas trumped a century by the West Indies' Philo Wallace.
2000: Nairobi: New Zealand 265-6 bt India 264-6 by 4 wkts
After several World Cup semi-final appearances, New Zealand's first appearance in a major ICC final saw them beat India with two balls to spare with all-rounder Chris Cairns, after overcoming a knee injury, making a decisive 102 not out.
2002: Colombo: Title shared by India and Sri Lanka
Playing in the monsoon season in Sri Lanka was always a risk and the hosts had to share the trophy with India after two attempts to complete the final were washed out by tropical storms.
2004: The Oval: West Indies 218-8 bt England 217 by 2 wkts
In the cold and gloom of an English autumn, Courtney Browne and Ian Bradshaw rescued the West Indies from near-certain defeat at 147 for eight with an unbroken ninth-wicket stand of 71.
2006: Mumbai: Australia 116-2 bt West Indies 138 by 8 wkts (D/L Method)
Australia finally won the one major trophy that had previously eluded them on the back of a disciplined bowling performance crowned by Shane Watson's unbeaten fifty.
2009: Centurion: Australia 206-4 bt New Zealand 200-9 by 6 wkts
Australia retained their title with something to spare in a tournament that ought to have been played in Pakistan a year earlier but was held over and moved because of security concerns. Off-spinner Nathan Hauritz took three wickets in the final before Watson sealed victory with an unbeaten hundred.
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