G20 London Summit Aims, April 2, 2009

G20 London Summit, April 2, 2009

Summit Aims
On 2 April 2009, world leaders from the G20 countries – representing 85% of the world’s output – will meet in London. They will meet against the backdrop of the worst international banking crisis in generations.
Confidence in the international banking system has fallen. Major institutions have failed. Countries around the world have entered recession, with falling trade and rising unemployment.

At the Summit, countries need to come together to enhance global coordination in order to help restore global economic growth. World leaders must make three commitments:

* First, to take whatever action is necessary to stabilise financial markets and enable families and businesses to get through the recession.

* Second, to reform and strengthen the global financial and economic system to restore confidence and trust.

* Third, to put the global economy on track for sustainable growth.

The London Summit will take place against the backdrop of exceptionally challenging economic circumstances. But, just as after the Second World War visionary leaders laid the groundwork for 30 years of prosperity and growth, built on international economic cooperation, this crisis is also an opportunity.

G20 London Summit. On the 2 April 2009 world leaders will gather in London to address the global financial crisis.

The London Summit (April 2, 2009)
On the 2 April 2009 world leaders will gather in London to address the global financial crisis.
The London Summit brings together leaders of the world’s advanced and emerging economies, including the G20, and representatives of international financial institutions to work cooperatively to restore stability and stimulate global economic growth.

The Summit aims to reach international agreement on:
* coordinated actions to revive the global economy - to stimulate growth and employment
* reforming and improving financial sectors and systems - to deliver progress on the Washington Action Plan to build better financial systems
* principles for reform of international financial institutions (IFIs) - the International Monetary Fund, Financial Stability Forum and World Bank.
http://www.londonsummit.gov.uk/en/

Global update - Global Crisis - London Summit
This website is a global hub for debate for the London Summit. As the Summit draws closer we're highlighting contributions to this global conversation from around the world - including in local languages.
Highlighting the debate in all countries that are significantly affected by this global crisis.

Brown's global call
(02:12) Report Reuters Video
Mar. 4 - UK Prime Minister Gordon Brown told a joint session of the US Congress that the economic crisis calls for a global response.

Brown will host a Group of 20 summit next month in London. He'll seek agreement on a coordinated plan to boost the global economy as it faces its worst crisis in decades. Deborah Lutterbeck reports from Washington. SOUNDBITES:
# Morris Goldstein of the Peterson Institute for International Economics
# UK Prime Minister Gordon Brown