Mnuchin hosts COVID discussion with world finance leaders

Treasury Secretary Mnuchin hosted a meeting yesterday on economic recovery from the pandemic with finance ministers and central bank governors from Canada, France, Germany, Italy, Japan, the United Kingdom, the European Commission, and the Eurogroup. The heads of the IMF, World Bank, and Financial Stability Board also joined the discussion. This is the 12th G7 meeting that the Secretary has chaired this year related to the pandemic response.

The ministers and governors discussed domestic and international economic responses underway and strategies to achieve a robust recovery throughout the global economy. They also discussed ongoing responses to the evolving landscape of crypto assets and other digital assets and national authorities’ work to prevent their use for malign purposes and illicit activities. There is strong support across the G7 on the need to regulate digital currencies. Ministers and Governors reiterated support for the G7 joint statement on digital payments issued in October.

• Treasury Department press release