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The G7 finance ministers and Central Bank governors are hosted by the Chancellor of the Exchequer George Osborne and the Governor of the Bank of England Sir Mervyn King.
"I look forward to hosting colleagues from the G7 to Britain in the spring. This group remains an important institution and a key forum in which to grapple with the challenges that face the global economy", Chancellor Osborne said on announcing the meeting.
"This meeting will be a significant opportunity for the UK and our partners to take on these challenges and to show leadership in the fight to tackle the ongoing ramifications of the global financial and debt crisis", Osborne added.