Q&A: The G20 Summit
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Where and when is the London Summit?
The Summit will be held at the ExCel Centre in London on 2 April, preceded on 1 April by an evening reception and a working dinner. On 2 April, there will be a number of meetings including a working lunch. All of these discussions will be held in private. The Summit will be followed by a briefing for the press.
What's the purpose of the London Summit?
The London Summit is to bring leaders of the world's major economies and global economic institutions together to reach international agreement on reviving the world economy.
Taking place from 1-2 April, its goals are to:
Secure global economic recovery - growth and jobs
Agree the contours of a strengthened financial system - drawing on the Washington Action Plan
Agree principles, priorities and process for reform of the IFIs
At the London Summit countries need to come together to enhance global coordination and so help restore global economic growth. World leaders must make three commitments:
To take whatever action is necessary to stabilise financial markets and enable families and business to get through the recession
To reform and strengthen the global financial and economic system to ensure such a crisis cannot occur again
To put the global economy on track for sustainable growth.
Who will attend the London Summit?
Leaders of the world's major economies and of global economic financial institutions have been invited to attend the London Summit. This includes the leaders of the G20 countries, which represent:
90% of global GNP (gross domestic product)
80% of world trade
two-thirds of the world's population.
Reflecting the participation at the Washington Summit, the Prime Minister has invited the Heads of State and/or Government from: