Rishi Sunak will chair a meeting of G7 finance ministers and central bank governors on 12 February 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.
Chancellor Sunak and Bank of England Governor Andrew Bailey will co-host the online meeting of their counterparts from the US, Germany, Japan, France, Italy and Canada, as well as the European Central Bank, the Treasury tonight 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.
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.