On April 2, 2009 world leaders gathered in London to address the global financial crisis. In the Summit's Final Communique, G20 members agreed to reforms of the international banking system and the injection of more than $1 trillion to initiate job growth and economic stability. Leaders also re-committed to the achievement of the Millennium Development Goals (MDGs) by 2015 and their ODA pledges of foreign aid. These agreements will increase support to the international financial institutions (IFIs) including the IMF and the World Bank for the financial stabilization of low income countries; will strengthen the regulation of financial transactions and markets, especially hedge funds; and will crack down on tax havens.
 

INTERACTION STATEMENTS

• InterAction Reaction to G20 Communiqué
• Letter to Secretary Geithner
• Joint BOND-InterAction Letter to President Obama and Prime Minister Brown
• Summary of the G20 Summit Financial Commitments

INTERACTION POSITION PAPERS

• The G20 and the Global Economic Crisis: Recommendation

OTHER RESOURCES

• What Happened at the G20: Initial Analysis of the London Summit (Oxfam International)
• "Seizing Opportunity from Crisis: Making Multilateralism Work” (Remarks by World Bank Group President Robert B. Zoellick)