British Prime Minister Gordon Brown said on Wednesday that Britain would host next G20 financial summit in 2009.
Speaking at Prime Minister's Questions in the House of Commons, Brown said: "I can tell the House today that we've agreed with our international partners, and particularly with Japan, which is current president of the G8, and Premier Aso, that the next meeting of the G20 will be held in London."
"It will be held in London on 2 April. It will deal with the major questions of economic action that are necessary," said he.
Brown also confirmed that President-elect of the United States Barack Obama was expected to attend the summit following his inauguration in January.
On 15 November, the first G20 summit aimed at tackling the world financial crisis convened in Washington. The G20 chair rotates between members, and is selected from a different regional grouping of countries each year. It consists of 19 of the world's largest industrial and emerging market economies plus the European Union who convenes to discuss key issues related to global economic stability.