G-20 Ministers to discuss coronavirus, climate change, development in Africa
Coronavirus, climate change and food security are on the agenda today as Foreign ministers from the G-20 group of nations meet in Italy. The talks in the city of Matera represent the first time the ministers are gathering in person since 2019.
U.S. State Department officials said Secretary of State Antony Blinken would stress the importance of working together to address such global challenges, a common theme in recent months as he and President Joe Biden set a foreign policy path heavily focused on boosting ties with allies.
“To address the climate crisis, Secretary Blinken will encourage G-20 members to work together toward ambitious outcomes, including a recognition of the need to keep a 1.5 degree Celsius of warming threshold within reach, the importance of actions this decade that are aligned with that goal, and taking other steps like committing to end public finance for overseas unabated coal,” Susannah Cooper, director of the Office of Monetary Affairs in the Bureau of Economic and Business Affairs, told reporters ahead of the meetings.
Cooper said Blinken would advocate for “building a sustainable and inclusive economic recovery,” including an equitable global tax system with a minimum corporate tax rate.
Finance ministers from G-7 nations, all of which are part of the G-20, agreed in principle in early June to the creation of a global minimum tax on corporations that would force companies that shift profits to subsidiaries in low- or no-tax jurisdictions to pay as much as 15% in taxes on that income to the country where they are headquartered.
Tuesday’s meetings are also set to consider economic development issues in Africa, including gender equity and opportunities for young people, as well as humanitarian efforts and human rights.