G7 Finance Ministers and Centralbank Gouverneurs Meeting 2018 in Ottawa

G7 Fi­nance Min­is­ters’ State­ment on

On 2 October 2018, the G7 Finance Ministers issued the following statement regarding the situation in Argentina: "We welcome the commitment of the Argentine authorities to implement macroeconomic policies and a reform agenda to stabilize the economy and promote growth, which are reflected in the recent staff-level agreement that is being considered by the IMF Executive Board. We strongly support the commitment and determination of the Argentine authorities to achieve a strong and stable Argentinian economy that benefits the people of Argentina." October 2, 2018 – Ottawa, Ontario – Department of Finance Canada


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.

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.

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.

23 July 2018

Bloomberg profile on Finance Minister Scholz

The global news service Bloomberg commends Olaf Scholz's achievements during his first four months as Finance Minister. Scholz is described as Germany’s most popular politician who provided stability during Chancellor Merkel’s coalition crisis. The article highlights the deputy chancellor’s "pro-European convictions and even-keeled presence", which have delivered key political breakthroughs in recent months.