7 December 2009
Seoul, South Korea
Prime Minister Stephen Harper announced today that Toronto will host the G-20 Summit on June 26 and 27, 2010. The Prime Minister made the announcement with South Korean President Lee Myung-bak during their meeting today in Seoul. At the G-20 Summit in Pittsburgh this past September, the two leaders announced that each country would host a G-20 Summit in 2010. Canada will host world leaders at the Toronto Summit in June 2010 and a second G-20 Summit will be held in Seoul, Korea, in November.
“The G-20 has facilitated decisive action throughout the past year to limit the impact of the global financial crisis on jobs and growth,” said the Prime Minister. “Canada continues to play a leadership role to ensure a durable recovery is assured. We are implementing one of the largest stimulus packages and are contributing to international financial reform by helping to lead the G-20 and the work of the Financial Stability Board.”
At the Pittsburgh Summit, world leaders agreed to launch a framework that lays out the policies and ways to act together to generate strong, sustainable and balanced global growth. One of Canada’s goals at the Toronto Summit in 2010 will be to ensure the framework’s prompt and effective implementation.
“This represents an unprecedented opportunity to maintain the momentum needed to introduce much-needed financial sector reforms,” added the Prime Minister. “We have demonstrated leadership by providing new resources and guarantees to strengthen international financial institutions, namely innovative new capital arrangements to help ensure the Inter-American Development Bank and the African Development Bank have resources they can count on throughout the crisis. We intend to continue playing a role in defining the path forward in 2010.”
Prime Minister Harper and Korean President Lee Myung-bak are working closely together and with the international community to ensure the coming year is one of economic renewal.
