Leaders of the world’s largest economies agreed a $1.1 trillion package of measures to restore growth and jobs and rebuild confidence and trust in the financial system.

'This is the day that the world came together, to fight back against the global recession. Not with words but a plan for global recovery and for reform and with a clear timetable,' UK Prime Minister Gordon Brown said at the end of the London Summit of G20 countries on 2 April.

The Prime Minister highlighted that fiscal stimulus measures that countries has already announced would amount to some $US5 trillion by the end of next year, and he announced that at the London summit countries had agreed to inject fresh money into the economy that would support this 'unprecedented fiscal expansion'.

He set out six pledges that that the 21 nations and the European Commission had agreed at the Summit in London’s ExCeL Centre:

• restore confidence, growth, and jobs
• repair the financial system to restore lending
• strengthen financial regulation to rebuild trust
• fund and reform our international financial institutions to overcome this crisis and prevent future ones
• promote global trade and investment and reject protectionism, to underpin prosperity
• build an inclusive, green, and sustainable recovery.

Global plan for recovery and reform: the communiqué from the London Summit
Explanatory guide to the communiqué

A further G20 Summit is planned for later in the year to review progress, as are a series of events that will advance the decisions made last week in London in the run-up to December's Copenhagen Climate Change Conference.

The London Summit website is still available and hosts material from the summit:

• Debate issues records feedback from the public that had its impact on the debate.
• Global Update reports how the summit was seen around the world and the debate in the countries represented in London.
• The debate stores questions submitted by the public, along with the discussions on partner sites.