The Minister for Finance, Paschal Donohoe will be attending the meeting in his capacity as President of the Eurogroup
The G7 finance ministers are meeting over the next two days in London to consider coordinated approaches to the key economic challenges facing economies emerging from the Covid crisis.
Minister for Finance, Paschal Donohoe will be attending the meeting in his capacity as President of the Eurogroup.
“There is now clear light at the end of the tunnel with the accelerating vaccination roll out, falling infections and pressure on intensive care services gradually coming down,” Minister Donohoe said as he departed for London.
“This year the euro area economy will rebound strongly. Our economic policies have been instrumental in facilitating this recovery and in shielding our citizens over the past year, maintaining jobs and putting our economies in a position to recover strongly,” he said.
At the meeting, participants will also discuss other key global challenges, including climate and support for lower income countries.
The meeting Communiqué is also expected to reflect ongoing discussions on international tax framework ahead of the 139 countries participating in the OECD Inclusive Framework discussions later in June and the G20 meeting of Finance Ministers in Venice in July.
Minister Donohoe will also hold bilateral meetings with other participants, including US Treasury Secretary Janet Yellen; Japanese Deputy Prime Minister and Finance Minister, Taso Aso; Canadian Finance Minister Chrystia Freeland; as well as the Chancellor of the Exchequer Rishi Sunak.