Canada to press for continued coordinated COVID-19 support at the G7, G20 and Spring Meetings of the IMF and the World Bank
Ontario: As the world continues to fight the global pandemic, it is important to coordinate efforts on the global stage. This week, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, will participate in several multilateral virtual meetings taking place as part of the Spring Meetings of the International Monetary Fund (IMF) and World Bank:
April 6: the Deputy Prime Minister will attend the G7 Finance Ministers and Central Bank Governors meeting as well as a meeting of the Coalition of Finance Ministers for Climate Action.
April 7: the Deputy Prime Minister will attend the G20 Finance Ministers and Central Bank Governors meeting.
April 8: the Deputy Prime Minister will participate in the IMF’s International Monetary and Financial Committee meeting.
April 9: the Deputy Prime Minister will participate in the meeting of the IMF Managing Director and the Ministers of Finance and Central Bank Governors from Latin America, Canada, and the United States. The Minister of International Development, the Honourable Karina Gould, will represent Canada at the IMF-World Bank Development Committee meeting.
At these meetings, Ministers and Governors will discuss the global economic outlook and international policy response to the COVID-19 pandemic, including actions of the IMF and the World Bank, during this challenging time. They will also discuss next steps to continue to support vulnerable countries, including low income countries and small states, which continue to face significant challenges caused by the COVID-19 crisis.
Canada will continue to advocate for strong support for vulnerable countries and share its approach of taking decisive action to invest in people and businesses to ensure a strong and sustainable economic recovery – an approach aligned with the best practices of other advanced economies.