The third such global summit, to be held in Pittsburgh, Pennsylvania, would be attended by leaders of the top 20 economies of the world.
The first G-20 meeting was held in November last year, while Britain hosted the second summit in April.
"At the Pittsburgh Summit, (US) President (Barack) Obama will meet with leaders representing 85 per cent of the world's economy, take stock of the progress made since the Washington and London summits, and discuss further actions to assure a sound and sustainable recovery from the global economic and financial crisis," White House Press Secretary Robert Gibbs, told reporters on Thursday.
Pittsburgh has been chosen as the venue of the next summit, Gibbs said as most of the world leaders would be there in neighboring New York City to attend the annual General Assembly summit of the United Nations.
Further, Gibbs said, Pittsburg is an area that has seen its share of economic woes in the past, but because of foresight and investment is now renewed, giving birth to renewed industries that are creating the jobs of the future.
"I think the President believes it would be a good place to highlight some of that stuff," he said.
