The Department of Finance Canada outlined the country’s engagement at G20 and G7 finance meetings on economic stability, artificial intelligence, digital assets and other shared challenges. Bilateral discussions focused on trade and investment, including possible partner support for the next phase of the Defence, Security and Resilience Bank initiative.
Policy & regulationCooperationArtificial intelligenceFinancial stability and systemic riskFraud and scams
The Department of Finance Canada reported that Finance Minister François-Philippe Champagne and Bank of Canada Governor Tiff Macklem represented Canada at the G20 Finance Ministers and Central Bank Governors meeting. Discussions covered the global economic outlook, growth and financial stability, artificial intelligence, digital assets, financial literacy and fraud prevention.
Champagne held bilateral meetings with international partners focused on trade, investment and cooperation in critical minerals, energy and agriculture. He also discussed potential partner support for the next phase of the Defence, Security and Resilience Bank initiative. At a separate G7 meeting, finance ministers and central bank governors addressed global economic developments, artificial intelligence and Russia’s invasion of Ukraine.
The Department of Finance Canada announced the conclusion of multilateral negotiations in Montréal on the Charter of the Defence, Security and Resilience Bank, a planned multilateral lender providing long-term, low-cost financing for defence, security and resilience initiatives, including supply chains and small and medium-sized enterprises…