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.
G20 its nature and character." In 2018, Argentina hosted the 2018 Summit. The 2019 Summit will be in Japan 2020 in Saudi Arabiaand 2022 in India. To decide which member nation gets to chair the G20 leaders' meeting for a given year, all 19 sovereign nations are assigned to one of five different groupings, with each group having four nations, except one having three. This system has been in place since 2010, when South Korea, which is in Group 5, held the G20 chair. The table below lists the nations' groupings: The G20 operates without a permanent secretariat or staff. The