Published: 12:40, May 24, 2024
G7 finance ministers' meeting kicks off in Italy
By Xinhua
A picture taken in Stresa on May 23, 2024 shows the facade of the Grand Hotel des Iles Borromees, where the G7 finance ministers meeting will be held, starting May 24, 2024. (PHOTO / AFP)

ROME - The Group of Seven finance meeting kicked off in Italy late on Thursday, with talks among G7 finance ministers and central bank governors expected to focus on global economic trends, financial support for Ukraine and multilateral development banking.

According to Italy's rotating presidency of the group, the talks among G7 finance ministers and central bank governors will take place mostly on May 24-25.

Italian Finance Minister Giancarlo Giorgetti and US Treasury Secretary Janet Yellen met behind closed doors Thursday afternoon, ahead of an opening ceremony scheduled in the evening, local media reported.

US Secretary of the Treasury Janet Yellen addresses the audience as she attends a press conference in Stresa on May 23, 2024, on the eve of the G7 finance ministers meeting. (PHOTO / AFP)

The G7 talks in Stresa in northern Italy will be attended by EU Commissioner for Economic Affairs Paolo Gentiloni and President of the Eurogroup Paschal Donohoe, along with heads of global organizations and ministers of non-G7 countries invited for their relevance to the topics under discussion, the Italian presidency said.

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The G7 comprises Canada, the United States, France, Germany, Italy, the United Kingdom, and Japan, plus top representatives of the EU institutions.