2009 G20 London summit London Summit and to co-ordinate their actions. The meeting was organised at the initiative of German Chancellor Angela Merkel. The leaders agreed that markets, financial institutions and the wide range of financial assets they create, and hedge funds should be subject to appropriate control. In addition, they called for effective sanctions against tax havens. They also agreed to impose sanctions against countries that intend to undermine their work. Finally, they advocated the doubling of funds available to the IMF. Finance ministers and central bankers of the G20 met in Horsham on 14 March 2009 to prepare for the London Summit.
2009 G20 Pittsburgh summit General Assembly. However, due to coordination issues, on May 28, 2009, the Obama Administration announced a change of venue to Pittsburgh in order to highlight the city's economic recovery following the collapse of its manufacturing sector in the latter half of the 20th century. In response to the Global credit crisis, a G20 summit in one year was proposed shortly after the London summit in April 2009. Amongst the issues discussed was a proposal to radically reform the International Monetary Fund (IMF). French President Nicolas Sarkozy also suggested that there would be an evaluation of measures already taken. The primary