First global summit set for 15 November

Leaders from the Group of 20 countries will gather in Washington DC on 15 November to discuss the global financial crisis and the world economy, the White House said on Wednesday.

Dana Perino, the White House's press secretary, said: "The leaders will review progress being made to address the current financial crisis, advance a common understanding of its causes and agree on a common set of principles for reform of the regulatory and institutional regimes for the world's financial sectors."

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