The key issues at stake at the next G7 summit

The world is facing multiple, protracted and concurrent crises, from climate change-driven disasters and conflicts to increasing poverty and food insecurity. While the current picture is bleak, the leaders of some the world’s richest countries – the G7 – have the power to rebalance the books by reforming global financial and debt architecture and redoubling efforts towards the green transition.

As the 50th G7 Summit approaches, Development Initiatives is one of 19 organisations to sign a letter calling on the G7 leaders to reaffirm their commitment to ensuring a sustainable and equitable global future.

The letter calls on the G7 to address four key issues:

1) Prevent worsening food insecurity and global nutrition by increasing IDA contributions by 25% in real terms.

2) Support global financial reform through the reallocation of Special Drawing Rights (SDRs) and encourage other countries to do the same.

3) Help poorer nations impacted by the Covid-19 pandemic or other external shocks by implementing debt pause clauses .

4) Ensure the obligations of the Paris Agreement are met through the development of comprehensive and goal-orientated Nationally Determined Contributions (NDCs).

Letter signatories

• Accountability Lab
• Community Focus Group (CFG)
• Development Initiatives
• Equal International
• E3G – Third Generation Environmentalism
• Global Citizen
• Global Nation
• Grassroots Development Initiatives Foundation-Kenya
• Innovea Inc. Innovea Development Foundation
• Japan NGO Center for International Cooperation (JANIC)
• Jon Edwards, Philanthropy Advisor
• Make My Money Matter
• ONE Campaign
• Pandemic Action Network
• Project Everyone
• SDG2 Advocacy Hub
• Sharing Strategies
• Uniting to Combat NTDs
• Women in Democracy and Governance (WIDAG-Kenya)