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2010-06-28 09:58:26
Canada is proud to host the fourth G-20 summit on June 26-27 in Toronto. The Republic of Korea, G-20 Chair for 2010, will host the fifth summit in November in Seoul.Established in 1999, following the Asian financial crisis in 1997, the G-20 convened annual meetings of finance ministers and central bank governors from Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Republic of Korea, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States and the European Union.
In 2008, G-20 leaders met for the first time in Washington to develop a coordinated response to the global economic crisis. The Washington Summit was followed by summits in London (April 2009) and in Pittsburgh (September 2009), where leaders designated the G-20 as the premier forum for international economic cooperation.
Over the course of the three summits, leaders crafted a coordinated global response to the crisis. They implemented stimulus measures to restore confidence and agreed on actions to strengthen financial regulation. Leaders also committed to reform international financial institutions and agreed to promote trade and resist protectionism. These interventions have been effective in mitigating the impact of the crisis, while encouraging a quicker transition to recovery than could otherwise have been expected.
The G-20 Toronto Summit will provide leaders with an important opportunity to follow through on commitments made at previous summits and to continue the work of building a healthier, stronger and more sustainable global economy.
The G-20 Toronto Summit will focus on recovery from the global economic and financial crisis and the implementation of commitments from previous G-20 summits, while laying the foundation for sustainable and balanced growth.
Canada’s Prime Minister Stephen Harper concluded the G-20 Toronto Summit with the Chair’s Press Conference on June 27, 2010. Read the documents here to find out the outcome of the Summit.
Several preparatory events will be held leading up to the G-20 Toronto Summit.
Find out the answers to your questions about the G-20 and the G-20 Toronto Summit.
The Government of Canada intends to organize a sustainably managed G-20 summit consistent with the approach taken during previous high-level international events hosted by Canada.
