Priorities for German G7 and Indonesian G20 Presidencies

This year, Germany’s G7 presidency has the opportunity with its Indonesian G20 presidency counterparts, to bring together key global decision makers to address the economic shocks from the Ukraine invasion and the pandemic and to promote the importance of joint action. The IRSG strongly supports the commitment by the German G7 and Indonesian G20 presidencies to co-ordinate global action to tackle these global crises this year.

As governments seek to manage supply side resilience and the risks to globally integrated economies, the G7 and G20 commitment to fight against fragmentation and strengthen multilateralism will go a long way towards reducing the potentially high cost of fragmentation and the detrimental effect this may have on the world economy.

Against this backdrop the report sets out three priorities that the G7 and G20 should focus on: collaboration and regulatory coherence for economic recovery and resilience; leadership on sustainable finance for inclusive economic development; and digital transformation.

An executive summary of the report can be found here.