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US to host next G20 world meeting | US to host next G20 world meeting |
(about 3 hours later) | |
The US will host the next G20 summit of world leaders in September, the White House has confirmed. | The US will host the next G20 summit of world leaders in September, the White House has confirmed. |
The meeting will take place in Pittsburgh, Pennsylvania, on Thursday 24 September and Friday 25 September. | The meeting will take place in Pittsburgh, Pennsylvania, on Thursday 24 September and Friday 25 September. |
April's G20 summit in London announced a $1.1tn (£691bn) rescue plan to help revive the world economy. | April's G20 summit in London announced a $1.1tn (£691bn) rescue plan to help revive the world economy. |
The September meeting is expected to monitor the implementation of the plan so far, and decide whether further measures are needed. | The September meeting is expected to monitor the implementation of the plan so far, and decide whether further measures are needed. |
Regeneration city | Regeneration city |
Pittsburgh is seen as a shining example of how a one-time depressed US industrial city has managed to successfully regenerate itself. | |
Winning the swing state of Pennsylvania was also a key victory in Barack Obama's presidential election success. | Winning the swing state of Pennsylvania was also a key victory in Barack Obama's presidential election success. |
Most commentators had previously expected the US to announce that the next G20 meeting would be held in New York. | Most commentators had previously expected the US to announce that the next G20 meeting would be held in New York. |
The $1.1tn agreed in London included tripling the resources available to the International Monetary Fund to $750bn, and spending $250bn on boosting global trade. | The $1.1tn agreed in London included tripling the resources available to the International Monetary Fund to $750bn, and spending $250bn on boosting global trade. |
The G20 leaders also agreed to enforce tougher global financial regulation, and introduce sanctions against secretive tax havens. | The G20 leaders also agreed to enforce tougher global financial regulation, and introduce sanctions against secretive tax havens. |