Finance Minister Paschal Donohoe said he will hold talks with US Treasury Secretary Janet Yellen on the sidelines of a meeting of the finance ministers from the group of seven rich nations this weekend.

Paschal Donohoe will attend the meeting in his role as president of the Eurogroup of euro zone finance ministers but confirmed he will also meet Janet Yellen while he is in London.

The G7 ministers will vow to reach an "ambitious" deal on a minimum global corporate tax in July, according to a draft communique seen by Reuters this week.

Ireland has led opposition among some smaller economies to a minimum rate.