The G20 Leaders’ Summit was held from 10-11 November 2010 in Seoul.
Members delivered the Seoul Action Plan, under which member countries committed to implement macroeconomic policies to ensure ongoing recovery and sustainable growth, and enhance the stability of financial markets.
In particular, G20 leaders:
- agreed to develop guidelines for addressing large current account imbalances under the Framework for Strong, Sustainable and Balanced Growth
- made significant progress on financial sector reform through agreement on the Basel III package of reforms to strengthen supervisory oversight of the global financial system
- delivered on International Monetary Fund (IMF) quota and governance reform, in line with Pittsburgh Summit commitments and made important progress on strengthening global financial safety nets, including enhancement of the IMF’s Flexible Credit Line, and the creation of the Precautionary Credit Line
- initiated the G20 development agenda and launched the Seoul Development Consensus for Shared Growth.