G7 finance ministers meet in Paris to overcome their differences
The G7 finance ministers are convening in Paris to address their differences and the future of the group. The G7's influence has diminished significantly since its inception, now representing only 30% of global GDP. The meeting comes amid challenges to multilateralism and free trade, particularly following the rise of rival economic forums and changing political dynamics.
- ▪The G7 Finance Summit is scheduled for May 18 and 19, 2026, in Paris.
- ▪The G7's share of global GDP has decreased from 68% in 1992 to 30% today.
- ▪Emerging economies have formed rival groups like APEC and BRICS due to their exclusion from the G7.
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During a press conference at a meeting of G7 trade ministers in Paris on May 6, 2026. BENOIT TESSIER / REUTERS "Does the G7 still serve any purpose?" asked Roland Lescure at the end of 2025. A few months later, the French economy minister is hosting the G7 Finance Summit in Paris, bringing together the finance ministers and central bank governors of member countries on Monday, May 18, and Tuesday, May 19. The heads of state of the G7 countries will meet separately in Evian, eastern France, from June 15 to 17.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Le Monde (EN).
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