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.
2010 G20 Seoul summit principles for working together with less development nations to improve economic growth and reduce poverty. In contrast to the older Washington Consensus which it supersedes, the Seoul Consensus is less free market–orientated, allowing a larger role for state intervention. 2010 G20 Seoul summit The 2010 G20 Seoul Summit was the fifth meeting of the G20 heads of government/heads of state, to discuss the global financial system and the world economy, which took place in Seoul, South Korea, on November 11–12, 2010. Korea was the first non-G8 nation to host a G20 leaders' summit. The G20 is the premier forum for