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 leaders and representatives of core members of the G20, which comprises 19 countries and the European Union, which is represented by its two governing bodies, the European Council and the European Commission. Representatives from other countries and regional organizations were invited to take part in the summit. The South Korean government declined to invite the Netherlands, which had been invited to attend all four previous G20 summits. A Korean spokesman said that "a certain region had been over-represented" in the past; and for this Asian summit, Singapore was invited. This was the first summit at which there were four women