For balanced, shared and inclusive growth
Emmanuel Macron , President, France
“The G7 was created fifty years ago to solve economic crises. It must become again a driving force for balance in the face of global transformations” *
M ore than fifty years after the crea- tion of the G6 in Rambouillet, now the G7, the French Presidency is taking place at a time of high interna- tional tensions and rising financial risks. This is why I want economic issues at the root of these tensions to be at the heart of the Évian Summit to ensure conditions for balanced, shared and inclusive growth. We will also help manage the current international crises, and address concrete and operational issues that are crucial to protect our economies and people. India, Brazil, South Korea and Kenya are invited to the Évian Summit to take part in these global discussions and to help deliver on its priorities. I invited them as they are major economies that share the main characteristics of the G7: they are free-market economies and democracies. COORDINATION FOR A BALANCED AND SHARED GLOBAL GROWTH The G7 Évian Summit is taking place while our global economy is threatened by large and persistent macroeconomic imbalances. We must avoid the next financial crisis and stop the escalation of the trade war. To do this, we need to discuss the conditions for balanced and durable global growth and engage to reduce global imbalances. Economic growth is only sustainable if it is shared. We should rely on the International Mon- etary Fund to monitor and support our collective actions.
RENEWAL OF INTERNATIONAL PARTNERSHIPS
This summit should also be an oppor- tunity to launch a new dynamic of North/South cooperation, following the Paris Pact for People and the Planet, by transforming development aid into inter- national partnerships. The first step was the Africa Forward Summit in Nairobi in May. The traditional system of devel- opment aid is not delivering enough growth and must better address global challenges. Its tools, designed after the Second World War, have been efficient, but need to be updated, or they will no longer be relevant. We must not forget about solidarity and better target the most vulnerable in sectors essential to their development, such as health, early development and resilience against cli- mate change. DIVERSIFICATION OF CRITICAL MINERALS’ VALUE CHAINS Critical minerals’ value chains are too concentrated and are not resilient to shocks. Recent export restrictions have shown our economies’ vulnerabilities. That is why we must diversify our critical minerals’ value chains. To this end, the G7 is a great microeconomic coordina- tion forum. Building on the production Alliance launched last year in Kananaskis, we will extend it into a Resilience alli- ance, which encompasses coordinated investments and actions across all parts of the value chain: exploration, extrac-
6
// G7 FRANCE: THE ÉVIAN SUMMIT 2026
Made with FlippingBook - professional solution for displaying marketing and sales documents online