Haddad travels to Japan to participate as a guest in the G7 meeting

The Minister of Finance, Fernando Haddad, leaves this Monday evening (8) for Japan, where he will participate as a guest in the meeting of the G7, a group formed by the United States, Japan, Germany, the UK, France, Italy and Canada. It is the first time that a Brazilian finance minister has attended the meeting, which brings together finance ministers and central bank leaders from the world’s seven largest economies.

On Haddad’s agenda, a meeting with US Treasury Secretary Janet Yellen to discuss World Bank reform and a meeting with economist Joseph Stiglitz to discuss green industrial policy. A meeting is also scheduled with Japan’s finance minister, Shunichi Suzuki, and a meeting with India’s minister, Nirmala Sitharaman, to align the current presidency of the G20 (a group formed by finance ministers and leaders of central banks of the 19 largest economies in the world and the European Union), exercised by the Asian country, with the next one, which will be from Brazil.

The official G7 sessions begin next Friday (12) and, according to the Ministry of Finance, Haddad has a confirmed presence in all of them. The first tableau, which will also include the presence of Joseph Stiglitz, will address the future of the welfare state. The second session will address the macroeconomics of emerging countries and the third, the challenge of financing, particularly in the field of infrastructure.

On Saturday (13), Haddad returns to Brazil, due to land in São Paulo on Sunday morning (14). During his participation in the G7, the Minister has three main points on the agenda: strengthening Brazil’s relevance on the international scene, discussing the reforms needed for the economy and creating links with the actors and guests of the G7, as reported by the ministry.

“Haddad’s presence at the event also positions the minister as one of the most active internationally, especially among Latin Americans. In addition, Brazil has the task of defending the importance of the G20, given the role that the country plays in being the next to chair the bloc,” the ministry stressed. Other non-G7 countries invited to the meeting include Indonesia and India.

With information from Agência Brasil


Article published on May 8, 2023 1:03 p.m.

Alaric Cohen

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