The world's wealthiest democracies Sunday signed the Carbis Bay Declaration whereby they all pledged to “end the pandemic and prepare for our futures” as well as to “build back better.”
The world's seven most advanced economies signalled on Sunday during the G7 summit a desire to build a rival to China's multi-trillion-dollar Belt and Road initiative. German Chancellor said she hoped that a new G7 task force can present first infrastructure projects in developing countries in 2022
Leaders from of the seven wealthiest democracies – the United States, Canada, France, Germany, Italy, Japan and the United Kingdom – Friday started three days of talks at the tiny village of Carbis Bay, near St. Ives in Cornwall, England, in pursuit of a greener, more prosperous and equitable future under the “build back better” motto.
By Gwynne Dyer – It’s not Bretton Woods, but it’s a start. The decision by finance ministers from G7 countries to create a global minimum tax rate on corporate profits, and reaffirmed by world leaders meeting in Cornwall, is a step in the right direction if only a baby step. The tide was due to turn about now, according to one theory, and maybe it’s finally happening.
Britain’s Queen Elizabeth hosted on Friday reception for leaders of the Group of Seven (G-7) richest nations, who are holding a three-day summit. The reception was held at Cornwall’s Eden Project, an attraction that features the world’s largest indoor rainforest within giant domes.
REUTERS – The world's seven largest advanced economies have agreed to support the first expansion of the International Monetary Fund's reserves since 2009, a step meant to help developing countries cope with the coronavirus pandemic, Britain announced on Friday.
Prime Ministers and Presidents from the world’s leading democracies will come together in Cornwall, England in June to address shared challenges, from beating coronavirus and tackling climate change, to ensure that people everywhere can benefit from open trade, technological change, and scientific discovery.
Germany has rejected a proposal by US President Donald Trump to invite Russian President Vladimir Putin back into the Group of Seven (G-7) most advanced economies, German Foreign Minister Heiko Maas said in a newspaper interview published on Monday.
The Latin America and Caribbean (LAC) region is seeing a sharp decline in growth due to the COVID-19 (coronavirus) crisis, which requires several policy responses to support the most vulnerable, avert a financial crisis, and protect jobs, according to a new report from the World Bank.
The US has cut interest rates to almost zero and launched a US$ 700bn stimulus program in a bid to protect the economy from the effect of coronavirus. It is part of a coordinated action announced on Sunday in the UK, Japan, the Eurozone, Canada, and Switzerland.