UK to lead G7 discussion on Covid economic recovery on Feb 12
British finance minister Rishi Sunak and Bank of England Governor Andrew Bailey will co-host the online meeting of their counterparts from the United States, Germany, Japan, France, Italy and Canada, as well as the European Central Bank, Britain’s finance ministry said
Britain will chair a meeting of finance ministers and central bank governors from the Group of Seven rich nations on Feb. 12 to try to map a way out of the global economic crisis inflicted by Covid-19 and find a solution to an international tax wrangle too.
British finance minister Rishi Sunak and Bank of England Governor Andrew Bailey will co-host the online meeting of their counterparts from the United States, Germany, Japan, France, Italy and Canada, as well as the European Central Bank, Britain's finance ministry said.
"Recognising that a global crisis needs global solutions, the Chancellor will work with his counterparts to address the shared economic challenges facing our domestic and global economies, and seek to achieve a strong and sustainable economic recovery from coronavirus," the ministry said.
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Climate change and biodiversity loss would be made a central priority ahead of the COP26 conference to be hosted by Britain in November, it added.
"This in addition to working closely to reach a global solution on tax challenges created by digitalisation on the economy, and supporting the global sustainable financing of Covid-19 vaccines, therapeutics and diagnostics," it said.
