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G20 Presidency

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  1. 13 June 2019

    G20 breakthrough on minimum tax

    At the G20 meeting of finance ministers and central bank governors in Fukuoka (Japan) on 8 and 9 June 2019, German Finance Minister Olaf Scholz expressed his strong support for the introduction of a global minimum tax for companies. His initiative was supported by all the other G20 members. The aim is to prevent large corporations from avoiding their tax responsibilities. An agreement on this is to be concluded in 2020.

  2. 7 June 2019

    Social inequality and inclusive growth

    Social inequality is a central subject in debates over economic and social policy. Along with inclusive growth, it has been on the G7 and G20 agenda for a number of years. In Germany, disposable income inequality is relatively low compared with other countries, even though the country performs less well when it comes to equality of wealth. The German government supports France’s initiative to make tackling inequality a key focus of its G7 presidency.

  3. 13 November 2018

    Africa In­vest­ment Fo­rum press re­lease

    The Africa Investment Forum took place from 7–9 November 2018 in Johannesburg, South Africa, with the German Finance Ministry represented by State Secretary Wolfgang Schmidt. The aim of the forum was to assess the impact and role of the G20 Compact with Africa (CwA) in facilitating private sector investment in Africa. A key driver in transforming Africa into a dynamic marketplace, the CwA also boosts inclusive growth.

  4. 30 October 2018

    German government promoting private-sector development in Africa

    On 30 October 2018, the heads of state and government of the African countries participating in the Compact with Africa attended a high-level conference hosted in Berlin by German Chancellor Angela Merkel. Olaf Scholz, who is advancing the initiative in cooperation with the other G20 finance ministers, welcomed the fact that German businesses are making a stronger commitment to Africa.

  5. 22 October 2018

    IMF and World Bank annual meetings and meeting of the G20 finance ministers in Bali

    The meeting of the G20 finance ministers and central bank governors and the annual meetings of the IMF and the World Bank took place in Bali (Indonesia) from 11–14 October 2018. German finance minister Olaf Scholz was in attendance. The discussions focused on issues such as the mounting risks to global economic growth and the ways in which they can be addressed through joint action.

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