The G7 Finance Meeting was held in Bari from 11 to 13 May. The meeting was attended by the Finance Ministers and the Central Bank Governors of the seven countries, the European Commissioner for Economic and Monetary Affairs, the President of the Eurogroup and the President of the European Central Bank as well as the Heads of the major International Organizations.
The two-day discussion in Bari focused on the four priorities of the Italian Presidency under the finance track, namely: growth and inequality; security as a ‘global public good’, which included issues related to anti-terrorism financing, remittances and cyber security; international taxation; and international financial institutions’ coordination. The meeting in Bari was opened by a Symposium to which six distinguished academics were invited to kick off the discussion on two prominent issues on the international agenda: growth and inequality, and finance, regulation and growth.
The preparatory work started at the beginning of 2017 at the Treasury Department and at the Bank of Italy with several meetings and conference calls among delegates in charge of preparing the G7 dossiers.
The most important preparatory meeting was the Retreat among Deputies of the Ministers of Finance held in Stigliano on 23-24 February 2017. The meeting was chaired by the Director General of the Treasury who is the G7 Finance Deputy, Vincenzo La Via and with the participation of Fabrizia Lapecorella, Director General of the Fiscal Department.
Documents
G7 Bari Common Declaration on fighting tax crimes and other illicit financial flows
Bari Policy Agenda on growth and inequalitie
Promoting Best Practice in the Money or Value Transfer Services Sector – G7 Framework
Participants
Minister William Morneau
Governor Stephen Poloz
Minister Michel Sapin
Governor François Villeroy De Galhau
Minister Wolfgang Schäuble
Governor Jens Weidmann
Minister Pier Carlo Padoan
Governor Ignazio Visco
Minister Taro Aso
Governor Haruhiko Kuroda
Minister Philip Hammond
Governor Mark Carney
Minister Steven Mnuchin
Governor Janet Yellen
ECFin Commissioner Pierre Moscovici
President of the EuroGroup Jeroen Dijsselbloem
ECB President Mario Draghi
Bari
Bari is the capital city of the region of Apulia in the south-east of Italy which, due to its favourable geographical position, represents a strategic crossroads within the Mediterranean basin. Recognized as the most dynamic city in the region, Bari has always stood out for its vibrant enterprising economy and international reach. Over the course of time, these qualities have led to positive economic results as well as sustained development in exports and international partnerships. Bari, like the rest of Apulia, is also becoming one of the most sought-after destinations for Italian and foreign tourists alike, thanks to its many historical and cultural attractions, and to the presence of an excellent transport network.
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