Top finance leaders from the G20 countries were in London on Sept. 4 and 5, 2009. They talked about plans and strategies while the world recovers from the global recession that has pestered the world economy for almost two years now.

The Groups of 20 Countries (G20) will be formulating plans and exit strategies that each can take to break free from government aided economies. Many of them, though, are still cautious about taking exit steps and suggested that timing is key and only in time will the G20 countries know when to implement their exit strategies.

Abstaining from government aid too early will risk the efforts made for recovery and may expose economies to a double-dip recession. Getting out of government aides and bail-out plans too late and depending too much on financial injections might leave industries and economies too vulnerable for their own good.

The second quarter of 2009 has been more generous to G20 countries with regards to improving their economic stability. Japan, Germany, France and Australia have experienced positive results halfway through the year.

All of them know that even though their economies are looking up, it will still be premature to think that they’ve witnessed the last of the recession. French Finance Minister Christine Lagarde states that though exit strategies will be discussed in the summit the perfect timing for it was something that “God only knows.”

Other developed economies like China, India and Brazil, went to the summit in hopes of pushing their own agenda at hand. These agenda will surely include proposals for them to acquire a greater say in the governance of the financial markets.

Other issues like IMF and World Bank leadership and their focus with regards to helping developing countries were discussed in the two-day summit.