Overview

• G7 finance ministers and central bank governors concluded their Banff summit with a joint communiqué emphasizing unity in tackling global economic and geopolitical challenges.
• The group pledged to address global economic imbalances and counter non-market practices, with a focus on fostering fair and transparent trade policies.
• A Financial Crime Call to Action was launched, with Canada committing $4.8 million in technical assistance to help developing economies combat money laundering and terrorist financing.
• Ministers agreed to expand the World Bank-led RISE Partnership, with Canada contributing $20 million to integrate developing countries into critical minerals supply chains.
• The G7 reaffirmed unwavering support for Ukraine, exploring further sanctions on Russia and ensuring entities supporting its war efforts are excluded from Ukraine's reconstruction efforts.