Minister Morneau to discuss global coordination at the G7, G20 and the Spring Meetings of the IMF and the World Bank

News release

April 14, 2020 - Ottawa, Ontario - Department of Finance Canada

The world is facing a serious public health and economic crisis. In recent weeks, Canada has taken immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak and stands ready to do more if needed.

Canada is also working with international partners to discuss global economic and social stability, share information and best practices, and strengthen international coordination in response to the current crisis. In support of these efforts, Minister Morneau will attend the virtual meeting of the G7 Finance Ministers and Central Bank Governors today and the virtual meeting of the G20 Finance Ministers and Central Bank Governors tomorrow. These groups have been meeting regularly over the past weeks to discuss the evolving global impacts of the crisis as well as to develop a G20 action plan in response to COVID-19.

Minister Morneau will also be participating in the virtual 2020 Spring Meetings of the International Monetary Fund (IMF) and World Bank Group (WBG) on April 16 and 17. These meetings include the IMF’s International Monetary and Financial Committee and the joint IMF-World Bank Development Committee. The Minister and his counterparts will discuss the important actions that the IMF and WBG have taken to date to address the needs of member countries in response to the COVID-19 crisis, as well as further actions that can be taken as necessary. 

Quotes

“The COVID-19 pandemic is a human and health crisis that poses major risks for the world economy. Coordinated global action is crucial to overcoming the challenges ahead of us. Participating in international discussions at the G7, G20 and the IMF is an important way to contribute to supporting global economic stability, including in vulnerable countries that are likely to face severe impacts. By working together, we can confront the challenges we are facing globally and lay the foundations of the eventual recovery.”

- Bill Morneau, Minister of Finance

Associated links

Contacts

Media may contact:

Maéva Proteau
Press Secretary
Office of the Minister of Finance
maeva.proteau@canada.ca
613-369-5696

Media Relations
Department of Finance Canada
fin.media-media.fin@canada.ca
613-369-4000

General enquiries

Phone: 613-369-3710
Facsimile: 613-369-4065
TTY: 613-369-3230
E-mail: fin.financepublic-financepublique.fin@canada.ca


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