Context of the meeting  

The Summit of G-20 Leaders in London will take place in a context of deterioration of the international economic and financial crisis. It now concerns not only the developed countries where it was engendered, but it also affects emerging and developing countries, particularly through trade and external financing channels. The crisis has reached the real economy and plunged some countries into deep recession. In others, it leads to growth deceleration.  For the most vulnerable countries, it represents a concrete possibility of problems related to balance of payments, alongside serious threats of setback in the economic and social spheres. 
 

The G-20 Leaders must produce a bold and effective political response to the challenges of the present, that is, strong and coordinated measures to accelerate the overcoming of the current scenario and, at the same time, point towards the future, by outlining the bases of a new global financial governance, both in the regulation and supervision of the financial markets and in the reform of international financial institutions.