The Honourable Marie-Claude Bibeau, Minister of International Development and La Francophonie, and the Honourable Bill Morneau, Minister of Finance, along with Stephen Poloz, Governor of the Bank of Canada, will co-hosted a meeting of G7 Finance and Development Ministers, and Central Bank Governors, on the theme of “Investing in Growth that Works for Everyone” from May 31-June 2, 2018, in Whistler, British Columbia.
This meeting provided an opportunity for Finance and Development Ministers to advance solutions to issues of shared priority, including women’s economic empowerment and mobilizing increased financing for development.
Participants in the meetings were G7 Finance and Development Ministers, and Central Bank Governors. Participants also included representatives of guest countries, international organizations, non-government organizations and engagement groups.
The Co-chairs set the agenda of the ministerial meeting and deliver a summary of the discussions. The Honourable Marie-Claude Bibeau, Minister of International Development and La Francophonie chaired the discussion sessions on development with her G7 counterparts. The Honourable Bill Morneau, Minister of Finance chaired the discussion sessions on finance with his G7 counterparts. Ministers co-chaired a joint session on June 1st.
Read the full Co-chairs’ summary.
Chair’s Summary: G7 Development Ministers’ Meeting
From May 31 – June 2, 2018, G7 Ministers responsible for development cooperation met in Whistler, Canada, to discuss their shared priorities on some of the most pressing global development and humanitarian challenges, including advancing gender equality and the empowerment of women and girls.
Read the full Chair’s Summary: G7 Development Ministers’ Meeting.
- Accelerate innovation for development impact
- Gender equality and the empowerment of women and girls in humanitarian action
- Protection from sexual exploitation and abuse in international assistance
- Unlocking the power of adolescent girls for sustainable development
Chair’s Summary: G7 Finance Ministers and Central Bank Governors’ Meeting
Over two days of discussions, G7 Finance Ministers and Central Bank Governors engaged on a range of topics including the importance of rules-based international trade, and ways of ensuring that economic growth works for everyone.
Read the full Chairs’ Summary: G7 Finance Ministers and Central Bank Governors’ Meeting.
I want to acknowledge that we are on the traditional territories of the Squamish and the Lil’wat Nation. Thank you.
I’d like to start by thanking all of you for being here with us this morning.
These are concrete questions that make a big difference in the lives of those concerned. It’s important to do the right things. We have the opportunity and the responsibility to address these questions through meetings like this during the G7 Summit.
Given today’s global challenges, we need to break the silos to find new, innovative solutions. Our job as global leaders and influencers is to bring the right people to the table. Something that Canada is doing through its G7 Presidency.
We’re talking about inclusive growth. For us, that means growth that must include girls and women.
As I’ve said, there’s one very important area where there’s a lot of work to be done. And that’s making sure that the benefits of economic growth are felt equally by all citizens.
I look forward to work with all of you to find innovative and efficient tools and approaches to unlock the power of our generation.
It’s about first bringing facts to the table.
A table where the debate will no longer be limited to “what should we do,” but more and more, it’s “how do we get it done.” And the Charlevoix G7 Summit provides an essential step in that direction.