US EditionG7 finance ministers to discuss global economy, Ukraine at Banff summit
- Officials responsible for finance and monetary policy from the Group of Seven nations convened for a three-day meeting beginning May 20, 2025, in Banff, Alberta, Canada, to address international economic issues.
- The meeting followed rising trade tensions after the U.S. Imposed broad tariffs on allies and adversaries, shaking G7 unity and raising fears of slower growth.
- Canada’s Finance Minister François-Philippe Champagne emphasized restoring stability and growth while inviting Ukraine’s Finance Minister Sergii Marchenko to highlight ongoing support amid Ukraine’s reconstruction needs.
- U.S. Treasury Secretary Scott Bessent intended to address global trade imbalances and non-market interventions, while Champagne emphasized that their actions clearly demonstrate a renewed commitment to supporting Ukraine.
- The talks sought consensus on economic security and growth, setting the stage for the June G7 Leaders’ Summit in nearby Kananaskis amid unresolved trade and geopolitical tensions.
190 Articles
190 Articles
G-7 Minister of Finance Meeting: Klingbeil's First Trip to the Big World of Figures
The new government is bustling – only the finance minister is conspicuously restraining himself with technical policy. How is he now defeating himself at the G-7 meeting of finance ministers in Canada?
G7 Meeting in Canada: Rehearsal for Klingbeil
In Banff, Canada, Minister of Finance Klingbeil met his G7 colleagues for the first time. The customs dispute and the situation in Ukraine put pressure on the states. How did it go for the SPD boss? By L. Kaufmann and N. Kohnert.
G7 Finance Ministers to Discuss Global Economy, Ukraine at Banff Summit
Top economic officials from the G7 are gathering for a full day of closed-door discussions in Banff, Alta., to examine pressing topics including the global economy and the war in Ukraine. The meeting in the Rocky Mountains, which wraps up Thursday, is a prelude to the G7 leaders summit in June in nearby Kananaskis, Alta. It comes in the wake of global tariffs initiated in early April by the United States, which have caused many countries to reco…
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