Finance Minister Paschal Donohoe will today take part in a meeting of G7 Finance Ministers and Central Bank Governors, in his role as the President of the Eurogroup.

The meeting, chaired by the UK Chancellor of the Exchequer, Rishi Sunak, will discuss the global economic recovery.

G7 Finance ministers will also consider how they can contribute to the fight against climate change and loss of biodiversity.

In his role as President of Eurogroup, Minister Donohoe will on Thursday provide the European perspective at the IMF’s Debate on the Global Economy. 

He will be joined by Ngozi Okonjo-Iweala, Director General of the World Trade Organization; Jerome Powell, Chairman of the US Federal Reserve; and Kristalina Georgieva, Managing Director of IMF to discuss the policy challenges associated with the Covid-19 crisis and the prospects for recovery.

"Now more than ever, the global nature of the pandemic reminds us of the importance of multilateralism as coordinated international action is vital to ensure a timely and effective response to the challenges that we all now face," Minister Donohoe said in advance of the meetings.

"We must continue to use our collective voices at the IMF and the World Bank to ensure an inclusive, sustainable and equitable recovery for all our people," he added.