The heads of state and government of the world’s seven leading advanced economies (G7) and 20 major economic and political powers (G20) meet annually at the invitation of the country holding the presidency that year.
G7 meeting in Chantilly: focus on stablecoins and international tax …
At their meeting in Chantilly (France) on 17 and 18 July, the G7 finance ministers and central bank governors discussed the risks associated with stablecoins. They reiterated the importance of a fair international tax system and, for the first time, agreed on the introduction of a global minimum effective corporate tax as an explicit aim.
While the G20’s decisions are not legally binding, its members make voluntary commitments which carry considerable political weight. We have put together an overview of the communiqués from the meetings of finance ministers and central bank governors, as well as some key documents and summit declarations issued since 2008. These documents are available for download in PDF format.
The Group of Seven (G7)/Group of Eight (G8) is an informal forum of the world’s leading economies. The heads of state and government of these countries formulate joint positions on global policy issues when they meet for annual summits.
The Group of 20 comprises the 19 leading advanced and emerging economies plus the European Union. Formed in 1999, the G20 is the main forum for discussing the international regulatory framework.
The Compact with Africa was initiated under the German G20 Presidency to promote private investment in Africa, including in infrastructure. Its primary objective is to increase attractiveness of private investment.