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 permanent council for international economic cooperation. This means that the much larger G20 meeting will essentially replace the smaller G8, which will continue to meet on major security issues but will carry reduced influence. This decision will help to include major developing nations – such as China, India and Brazil – which were originally not included in the G8. 2009 G20 Pittsburgh summit The 2009 G20 Pittsburgh Summit was the third meeting of the G20 heads of state/heads of government to discuss financial markets and the world economy. The G20 is the premier forum for discussing, planning and monitoring international