What topics were most discussed at the G7 Finance Ministers' meeting?

The meeting of the Group of Seven (G7) finance ministers and central bank governors in Banff, Canada, has become a forum for discussing important political and financial issues for the world economy. The leaders of the United States, Britain, Germany, France, Italy, Canada, and Japan discussed a number of serious issues on May 20-22.

Ukraine at the center of sustained assistance

One of the most pressing topics at the meeting was the situation in Ukraine and the issue of financial assistance for its recovery. Ukrainian Finance Minister Serhiy Marchenko personally attended the meeting and expressed the need for comprehensive assistance to Kiev, not only military, but also to develop the pension system. The G7 countries announced that $500 billion could be spent over 10 years.

China - the main cause of "economic uncertainty"?

The main dispute in the trade sphere was related to China. US Treasury spokesman Scott Bessant strongly criticized China's state-sponsored overproduction, cheap goods, and illegal exports. G7 members consider this policy to be unfair competition in the global market.

Tariffs and the Trump factor

The event also focused on the new US tariff policy following the possible re-election of Donald Trump. German Finance Minister Lars Klingbeil stated that "tariffs and uncertainty are putting pressure on the economy." The European Union, in turn, expressed its support for accelerating negotiations with the US.

Artificial intelligence and economic security

New technologies were also on the agenda. The impact of artificial intelligence on the labor market and the financial system, as well as the risks associated with information security, were also discussed. Experts noted that leaving this issue unchecked would pose a serious threat to economic stability.

From the editorial staff of Zamin.uz:
The G7 meeting this time also sought solutions to serious geopolitical and economic issues. The negotiations, which were held in a spirit of cooperation and confrontation at the same time, were of great importance in determining important directions for the future of the global economy.

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