7 February 2007
Finance Minister, Trevor A Manuel, MP will meet with the G7 Ministers of
Finance and Central Bank Governors, in Essen, Germany on 9 February 2007 to
discuss, amongst others, bond markets in emerging economies and trade. Minister
Manuel was invited by the G7, together with finance ministers from Brazil,
India, Russia, China and Mexico.
The G7 Finance Ministers and Central Bank Governors comprising Germany (the
current chair), Italy, France, the United Kingdom, the United States of
America, Canada and Japan meet regularly to discuss global financial and
economic markets. The meeting will also discuss: improving the stability of the
global financial markets; fiscal policy to promote energy efficiency and
renewable energy; good governance with respect to fiscal policy in Africa and
International Monetary Fund (IMF) reform.
The Finance Ministers of India, Brazil, South Africa and China (IBSA-China)
will convene a working session ahead of the G7 forum to discuss and consolidate
a common approach on a range of economic and financial matters.
The G7 meeting coincides with the opening of Parliament and the State of the
Nation Address by President Thabo Mbeki on Friday, 9 February. Minister Manuel
regrets not being able to attend this important day on the South African
calendar.
For media queries contact:
Thoraya Pandy
Cell: 082 416 8416
Lindani Mbunyuza
Cell: 083 327 9987
Issued by: Ministry of Finance
7 February 2007
