| Department of Finance Canada | statements
Our constituency wishes to express our heartfelt sympathy and deepest condolences to the people of Morocco and Libya in the aftermath of the terrible earthquake and flood of September 2023.
| Department of Finance Canada | statements
We remain firmly committed to supporting Ukraine for as long as it takes. Canada championed the creation of the IMF’s Administered Account for Ukraine, which has raised approximately C$6.8 billion from Canada, Germany, the Netherlands, and Belgium to help the Government of Ukraine continue to deliver essential services and restore critical infrastructure.
| Department of Finance Canada | statements
Since the establishment of the price cap policy, the Coalition has closely monitored markets—including price trends and volumes exported by Russia to ensure that the price cap continues to function as intended. Russian oil tax revenue was down 45% from January-August this year, relative to 2022. Given recent price movements, the Coalition is focusing on supporting compliance and enforcement of the policy.
| Department of Finance Canada | statements
We, the G7 Finance Ministers and Central Bank Governors, met in Marrakech, joined by the Heads of the International Monetary Fund (IMF), World Bank Group (WBG), Organization for Economic Cooperation and Development (OECD), and Financial Stability Board (FSB). We were honored to be joined by the Ukrainian Finance Minister Sergii Marchenko.
| Department of Finance Canada | statements
The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today issued the following statement regarding the Bank of Canada’s decision to maintain its overnight rate target
| Department of Finance Canada | statements
The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today issued the following statement regarding ongoing negotiations by the Organisation for Economic Co-operation and Development (OECD)/G20 Inclusive Framework for a two-pillar plan on international tax reform
| Department of Finance Canada | statements
Today, the Honourable Chrystia Freeland, Canada’s Deputy Prime Minister and Minister of Finance, the Honourable François-Philippe Champagne, Canada’s Minister of Innovation, Science and Industry, the Honourable Doug Ford, Premier of Ontario, and the Honourable Vic Fedeli, Ontario’s Minister of Economic Development, Job Creation and Trade, issued the following joint statement:
| Department of Finance Canada | statements
In the face of multiple and complex global challenges, we renewed our commitment to upholding the free, fair and rules-based multilateral system and elevated our engagement with international partners to new heights through an extensive dialogue to advance international cooperation and deliver prosperity for all. We highly valued the productive dialogue with Brazil, Comoros, India, Indonesia, the Republic of Korea, and Singapore. G7 members and Finance Ministers of these countries exchanged views on recent global economic developments and major challenges to foster robust and sustainable growth, and committed to jointly tackle a range of global economic challenges, fight poverty, and achieve strong, sustainable, balanced, and inclusive global growth.
| Department of Finance Canada | statements
Mr. Banga has the global experience and a commitment to advancing social and economic progress that will serve the World Bank well as it confronts the most pressing challenges facing today’s global economy.
| Department of Finance Canada | statements
The most pressing threat to the global economy remains Russia’s illegal full-scale invasion of Ukraine. In addition to the direct and deplorable impacts on millions of Ukrainians, Russia’s actions are compounding economic challenges for the world’s most vulnerable, exacerbating longstanding issues of poverty, income inequality, and food insecurity.
