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.
2008 G20 Washington summit UN General Assembly set up an "Interactive Panel on the Global Financial Crisis" which held its first meeting in New York on 30 October 2008, led by Professor Joseph Stiglitz. It covered similar ground as the G20, but involving a broader range of countries, and lobbied for an agreement involving all members of the UN. The panel's work was carried forward by a "Commission of Experts on Reform of the International Financial System", also led by Stiglitz. 2008 G20 Washington summit The 2008 G20 Washington Summit on Financial Markets and the World Economy took place on November 14–15, 2008, in