Group of 20 (G20) countries will convene in 2012 under the Chairmanship of Mexico, according to a declaration announced at the close of the Toronto G20 Summit on Sunday.

"We will convene in November 2011 under the Chairmanship of France and in 2012 under the chairmanship of Mexico," the declarations said.

The G20 Summit was held on June 26-27 with a declaration announced at the close.