HM Treasury

International issues

G20

07 November 2009

In 2009, the UK has held the Presidency of the G20. The G20 is made up of 19 major economies and the EU. The UK took over the Presidency as the world was going through its biggest economic and financial crisis in decades. Under the chairmanship of the UK, the G20 has worked to ensure that the global economy recovers from the crisis and returns to strong, sustainable and balanced economic growth.

It has been an unprecedented year for the G20, which has seen it established as the premier forum for international economic cooperation. The UK has chaired a number of meetings during the course of the year. G20 Finance Ministers and Central Bank Governors meet in Horsham in March to prepare for the G20 Leaders’ London Summit in April 2009, and reassembled at HM Treasury in September to prepare for the Leader’s Pittsburgh Summit in September. G20 Finance Ministers and Central Bank Governors met for a final time under the UK’s Presidency in St Andrews in November to take stock of the progress that has been made on their commitments, and to prepare the handover to the Republic of Korea’s Presidency in 2010.

At the London Summit in April, world leaders committed to do whatever is necessary to get the world economy back in a good state. To achieve this, leaders agreed a number of important actions, including:

At the Pittsburgh Summit in September, leaders agreed to keep working together to secure the recovery of the world economy, whilst preparing a plan to ensure a strong and growing world economy in the future. To achieve this, they agreed a number of actions, including:

The final meeting took place on 7 November in St Andrews. G20 Finance Ministers and Central Bank Governors:

For more information about the G20 and the UK’s presidency, visit the G20 website.

The G20 Communiqués and objectives are available in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website. For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.    

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