zur Suche

You are here:

1 January 2022

Germany takes over the G7 presidency

Germany took over the G7 presidency from the United Kingdom on 1 January 2022. During 2022, the Federal Ministry of Finance and the Deutsche Bundesbank will organise and chair the meetings of the G7 finance ministers and central bank governors.

Logo of Germany's G7 Presidency in 2022

In 2022, Germany holds the G7 presidency for the third time. Germany took over the presidency from the UK, which can look back on a successful year. Under the UK’s presidency, the G7 Finance Track placed a particular focus on taking a joint approach to fighting the Covid-19 pandemic and addressing various international debt-related issues. Progress was also achieved in the areas of climate action, biodiversity and sustainable finance. In addition, the G7 made headway on current issues such as digital currencies and dealing with anti-microbial resistance.

Under the German presidency too, the G7 meetings will focus on discussing both long-term issues of international finance policy and current global challenges. New priorities will be set in addition to continuing the work of the previous presidency. Focus areas will include, in particular, setting the necessary post-crisis course to support a sustainable economic recovery, ensuring the global supply of vaccines to overcome the pandemic, and shaping transformation processes in the areas of digitalisation and climate neutrality.

“Germany has taken over the G7 presidency for 2022. The G7 countries represent freedom, democracy and progress. In the spirit of these values, we must overcome the pandemic and stimulate the global economic upswing. We will therefore also put issues relating to the digitalisation and climate neutrality of the economy on the agenda of the finance ministers and central bank governors.” Finance Minister Christian Lindner

One highlight of the German presidency will be the meeting of finance ministers and central bank governors, which will take place in Germany in the spring of 2022. To mark the meeting, the G7 will issue a joint communiqué recording the key outcomes of the discussions. Additional G7 meetings will be held on the sidelines of international events, such as the G20. The meetings of the finance ministers and central bank governors will be supplemented by regular meetings of their deputies.

At the end of 2022, Germany will hand over the presidency to Japan.