The next summit of the Group of 20 countries on the global economic crisis will be held in London on April 2 next year, British Prime Minister Gordon Brown said today.
'The next meeting of the G20 will be held in London on April 2,' he said at his weekly question session in the House of Commons.
'It will deal with the major questions of economic action that are necessary and I've talked to the incoming US administration and president-elect Barack Obama expects to come to Britain at that time,' he added.
Britain takes over the chairmanship of the G20 group of developed and developing countries next year.
The last summit, on November 15 in Washington, agreed on an action plan to boost flagging global growth. Six areas will be specifically targeted including regulating those parts of the financial markets that have exacerbated the crisis, boosting transparency and reforming 'fat cat' compensation practices.
But the summit, hosted by outgoing US President George W Bush, left markets and commentators unimpressed, amid warnings of further turmoil to come as the impact of the US-based credit crunch fuels a global slowdown.
