The London Summit brings together leaders of the world’s advanced and emerging economies, including the G20, and representatives of international financial institutions to work cooperatively to restore stability and stimulate global economic growth.

The Summit aims to reach international agreement on:

• coordinated actions to revive the global economy - to stimulate growth and employment
• reforming and improving financial sectors and systems - to deliver progress on the Washington Action Plan to build better financial systems
• principles for reform of international financial institutions (IFIs) - the International Monetary Fund, Financial Stability Forum and World Bank.

Our governments, national and international financial institutions need to agree coordinated actions to address the current crisis, achieve stability and restore growth.

But this global conversation must go beyond how advanced and emerging economies will work together to stabilise the global economy. Plans for economic recovery cannot be at the expense of the environment or the world’s poor.

How we manage future global prosperity should take into account making continuing progress on Millennium Development Goals, providing for low carbon-based growth and ensuring climate security, while protecting the poorest.

If we are to address financial failures, develop structures to warn early of problems, and equip international institutions to be more representative, effective and responsive to global challenges, our leaders must together start the process of setting out a long term vision for managing the world economy in the global age.