The Federal Government has announced Sydney will host a G20 Finance Ministers’ and Central Bank Governors meeting in 2014.


The meeting will bring together Leaders, Finance Ministers and Central Bank Governors from 20 of the world’s top economies to address critical economic and financial challenges facing the world.


“Along with the G20 Finance Ministers’ meeting that will take place in Cairns, this meeting will do important preparatory work for the G20 Leaders’ Meeting to be held in Brisbane,” Prime Minister Julia Gillard said in a statement.


Members of the G20 account for 85 per cent of global GDP, 80 per cent of global trade, and most of Australia’s major trading and investment partners.


The Sydney G20 Finance Ministers’ and Central Bank Governors’ meeting will attract up to 2,000 delegates and support staff, including international media.