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Summits | Meetings | Publications | Research | Search | Home | About the G7 Research Group Follow @g7_rg |
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Laura Sunderland
Senior Researcher, G8 Research Group
December 6, 2006
• February 9-10, 2007, Essen
• May 18-19, 2007
• Notes
See also G8 Leaders Prospective Agenda
This prospective agenda for the 2007 G7/8 Finance Ministers Meetings is compiled by the G8 Research Group from public sources as an aid to researchers and other stakeholders interested in the G8. It will be updated periodically as planning evolves and as more information becomes available about its intended and actual agenda.
During its presidency of the G7 Finance Ministers forum, Germany will focus on fiscal policy, including "consolidating macroeconomic stability, the role of hedge funds in the stability of international financial markets, and the quality and sustainability of public finances."[1] The finance ministers will also discuss "the development of capital markets in emerging market economies, the promotion of growth and the fight against poverty by effecting improvements in the public finance sector of developing countries, and fiscal policy for the promotion of energy efficiency and of an energy strategy increasingly reliant on renewable energies." [2] The Ministers will also address "how the international finan–cial institutions IMF and World Bank should adapt to meet changing global conditions." [3]
On November 17, 2006, it was reported budgetary discipline will be central to the finance agenda. [4] An official reported that Merkel and the International Monetary Fund will propose a set of fiscal policy guidelines requesting governments to balance their budgets over one economic cycle, and prepare for the costs of aging populations. [5] The German finance ministry aims to put the proposed guidelines on the G8 Leaders' agenda in June. [6] According to the official, initial reactions by G7 partners to the draft guidelines have been positive. [7] The official stated that "This is about raising the quality of public finances ... When should you consolidate if not now? The question is how do you achieve a sustainable fiscal policy at the global level. The IMF will advise and support us there." [1]
The G8 Finance Ministers will meet on May 18-19, 2007.
Notes
[1] G8 Summit 2007 Heiligendamm (November 27, 2006), "Meeting of the G7 finance ministers and central bank governors in Essen on 9/10 February 2007," Accessed December 7, 2006, https://www.g-8.de/nn_94646/Content/EN/Artikel/2006/11/g8-2006-11-27-akkreditierung-g7-essen.html
[2] G8 Summit 2007 Heiligendamm (November 27, 2006), "Meeting of the G7 finance ministers and central bank governors in Essen on 9/10 February 2007," Accessed December 7, 2006, https://www.g-8.de/nn_94646/Content/EN/Artikel/2006/11/g8-2006-11-27-akkreditierung-g7-essen.html
[3] G8 Summit 2007 Heiligendamm (November 27, 2006), "Meeting of the G7 finance ministers and central bank governors in Essen on 9/10 February 2007," Accessed December 7, 2006, https://www.g-8.de/nn_94646/Content/EN/Artikel/2006/11/g8-2006-11-27-akkreditierung-g7-essen.html
[4] Agence France Presse (November 16, 2006), "Germany to push budget discipline at G8."
[5] Agence France Presse (November 16, 2006), "Germany to push budget discipline at G8."
[6] Agence France Presse (November 16, 2006), "Germany to push budget discipline at G8."
[7] Agence France Presse (November 16, 2006), "Germany to push budget discipline at G8."
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