G-8 Finance Ministers

G-8 Finance Ministers

The heads of the financial and economic regulatory departments in each G-8 country. G-8 finance ministers are known by different names. For example, the finance minister in the U.S. is the Secretary of the Treasury, while in the U.K., the finance minister is called the Chancellor of the Exchequer. G-8 finance ministers meet four times a year to discuss mutual concerns, problems and other issues.
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G-8 finance ministers, who are meeting in Marseilles in southern France on Saturday, will also review the $20 billion support pledge made in May at a meeting in Deauville, a resort town in northern France.
G-8 finance ministers preparing to give rosier economic view
Other major agenda items at the G-8 finance ministers meeting will be reform of international financial organizations, climate change and development aid, according to Japanese officials.
The dollar was firm in Tokyo at the lower to mid-108 yen level as investors believed that the G-8 finance ministers agreed on the need to prevent dollar weakness against major currencies, dealers said.
A crucial moment is expected to come in June, when Japan hosts the meeting of G-8 finance ministers in Osaka.
Silence from G-8 finance ministers about the dollar's slide against other major currencies in their weekend statement helped propel the dollar's decline, dealers said.
The G-8 finance ministers are also expected to discuss a range of other issues, including climate change, aid to African countries, energy savings and the fostering of bond markets in emerging economies.
The introduction of regulations on hedge funds will be included in a report after a meeting of G-8 finance ministers in Frankfurt on June 12, and will be included in a declaration to be released June 20 after the summit, the paper said.
The G-8 finance ministers are expected to devote considerable time to debating the issue at the request of Germany, which wants its G-8 counterparts to back tighter supervision for hedge funds.
Global growth remains robust and it is more balanced across regions and within our countries,'' the G-8 finance ministers said in a statement released after their two-day meeting at a lake resort near the eastern German city of Potsdam.
said the G-8 finance ministers are expected to agree on indirect controls on hedge funds this time.
It said the G-8 finance ministers are likely to tax breaks and emission trading for energy efficiency as part of discussions on ways to prevent global climate change.