APULIA,
Italy, June 14, 2024 /CNW/ - The Prime Minister,
Justin Trudeau, today concluded his
second day at the G7 Leaders' Summit in Apulia, Italy. The challenges the world is
facing are interconnected, from climate change to food insecurity
to gender inequality. No single country can address them alone –
but Canada is not alone. Together
with G7 partners, we will continue our work to make the world
fairer and more prosperous, now and into the future.
In Apulia, the Prime Minister
participated in working sessions and met with G7 partners and
outreach guests, including His Holiness Pope Francis, to champion
global ambition in driving the clean energy transition. He
reinforced Canada's leadership
role in advancing digital inclusion and emphasized Canada's focus on regional stability and peace
and security globally, particularly in Africa and the Mediterranean.
G7 leaders issued a joint declaration reiterating their
support for Ukraine and a just and
lasting peace in the Middle East
as well as their commitment to a free and open Indo-Pacific. They
also agreed on the importance of fostering global economic growth,
partnering with African countries, reinforcing food and energy
security, addressing the triple crisis of climate change,
biodiversity loss, and pollution, and promoting human-centred
artificial intelligence.
The Prime Minister highlighted a $686.9 million package of measures to
strengthen climate resiliency, foster more inclusive communities,
and move forward on climate action around the world. He also
announced that Canada will host
the next G7 Leaders' Summit in Kananaskis, Alberta, in 2025.
The effects of climate change are being felt more than ever, and
this is having a devastating impact on developing countries, who
are vulnerable to food insecurity. That's why Canada is allocating $200 million to the International Fund for
Agricultural Development (IFAD), including:
- $100 million in contributions
to support IFAD in its essential work to reduce
poverty and food insecurity while strengthening climate resilience,
with a focus on the poorest and most vulnerable located in rural
areas.
- $100 million as a repayable
contribution to IFAD's Private Sector Financing
Programme to support investments in the agricultural
sector in low- and middle-income countries, especially in the
Americas, Sub-Saharan Africa, and Asia.
Canada's future will be shaped
by its relationship with the Indo-Pacific region, which is home to
the largest number of climate-vulnerable people in the world.
Working with Indo-Pacific countries, the federal government is:
- Delivering a $360 million
repayable contribution to the Asian Development Bank to establish
the Canadian Climate and Nature Fund for the Private Sector in
Asia. The Fund will mobilize private capital toward
inclusive climate change mitigation and adaptation projects. This
will accelerate their transition to low-carbon and
climate-resilient economies, and advance gender equality in sectors
such as renewable energy, climate-smart agriculture, and
nature-based solutions.
- Investing $6.9 million through
the International Development Research Centre
(IDRC). Building on Canada's existing partnership with the
United Kingdom, this investment
will help expand the IDRC's Artificial Intelligence (AI) for
Development program to support responsible AI innovation, policy
research, and capacity building in the Indo-Pacific.
Canada is also taking a
leadership role in the G7's work to advance gender equality and the
empowerment of women, girls, and 2SLGBTQI+ people around the world.
To support this critical work, the federal government is:
- Investing $100 million in the
International Finance Corporation's Facility for Gender Equality,
Resilience, Opportunity, and Inclusion Worldwide. The
Facility supports companies to enable the full and meaningful
participation of women and girls in the private sector. The funding
announced today is expected to mobilize an estimated $470 million in private capital for investments
that break gender barriers, empower women, and promote gender
inclusion around the world.
- Providing $20 million
to TradeMark Africa
and the Centre for International Studies and Cooperation to
help ensure that everyone shares in the benefits of free and open
commerce. This investment aims to help eliminate the gender-based
barriers that prevent women from fully participating in the
opportunities afforded by the African Continental Free Trade
Area.
The Prime Minister also announced that, as the 2025 G7
President, Canada will host the
next G7 Leaders' Summit in Kananaskis,
Alberta, in 2025. Prime Minister Trudeau underlined
Canada's continued commitment to
working together with G7 partners on common priorities, such as
building economies that benefit everyone, fighting climate change,
and managing rapidly evolving technologies.
Prime Minister Trudeau reiterated his thanks to the Prime
Minister of Italy, Giorgia Meloni, for her country's successful
hosting of the G7 Summit, and he underscored Canada's commitment to working with
Italy and other G7 partners to
address pressing global issues.
Quote
"We just concluded the G7 Leaders' Summit in
Apulia, where alongside our G7
partners, we announced comprehensive action to grow dynamic
economies, build inclusive communities, and keep our air clean. As
Canada prepares to host G7
partners in Kananaskis next year,
we are focused on delivering fairness for every generation and
making life better for everyone."
— The Rt. Hon. Justin Trudeau,
Prime Minister of Canada
Quick Facts
- Today in Apulia, Prime
Minister Trudeau had bilateral meetings with the President of the
European Commission, Ursula von der
Leyen, His Holiness Pope Francis, His Majesty King Abdullah
II bin Al-Hussein of Jordan, and
the Prime Minister of Japan,
Kishida Fumio.
- Yesterday in Apulia, Prime
Minister Trudeau announced key measures to support Ukraine's fight for freedom. This
includes:
-
- A $5 billion contribution to G7
Extraordinary Revenue Acceleration Loans for Ukraine.
- Sanctions on 27 individuals and entities involved in
Russia's military-industrial
complex as well as sanctions circumvention and disinformation.
- Yesterday in Apulia, Prime
Minister Trudeau also highlighted an over $1.6 billion package of measures to support
developing economies and promote climate resiliency around the
world.
- IFAD is an international financial institution and specialized
United Nations (UN) agency based in Rome, the UN's food and agriculture hub. Since
1978, it has provided US$23.2 billion
in grants and low-interest loans.
- With support from Canada and
other international donors IFAD is expected to improve the incomes,
production, food security, nutrition, and resilience of over 100
million of the most vulnerable people across the globe, all while
strengthening climate resilience and biodiversity.
- Canada's contribution to the
Asian Development Bank is made available through our $5.3 billion climate finance
commitment.
- Canada's contribution to
International Finance Corporation's Facility for Gender Equality,
Resilience, Opportunity, and Inclusion Worldwide and IFAD's Private
Sector Financing Programme are made possible through our
International Assistance Innovation Program.
- In November 2023, Canada and the United Kingdom launched a partnership in
support of the AI for Development program, which was initially
launched in 2020 with a focus on Africa. The $67
million partnership supports responsible AI innovation,
policy research, and capacity building in emerging markets and
developing countries. With the recently announced expansion of the
initiative to support programming in the Indo-Pacific, it is now
worth $108 million, making it the
largest program focused on AI and sustainable development.
- Canada's contribution to
Trademark Africa and the Centre for International Studies and
Cooperation is expected to support efforts to reach an estimated
80,000 direct beneficiaries, with a focus on women
traders.
- The African Continental Free Trade Area is the world's largest
free trade area, bringing together the 55 countries of the African
Union and eight regional economic communities to create a single
market for the continent.
- Prime Minister Justin Trudeau is
the co-Chair of the UN SDG Advocates Group and of the SDG Stimulus
Leaders Group, which helps mobilize collective action toward the
SDGs, including efforts to improve access to financing for emerging
economies and developing countries.
- The Government of Canada works
with partners and stakeholders to advance the 2030 Agenda through
concrete actions on the 17 SDGs. These actions include reducing
poverty, building sustainable economic growth, supporting
reconciliation with Indigenous peoples, advancing gender equality,
and taking action on climate change and clean energy.
- Canada's 2030 Agenda National
Strategy seeks to advance progress on the SDGs through
widespread, collaborative engagement and action. The intended
result is all partners contributing in their unique ways and with
others toward achieving the SDGs.
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Associated Links
- Prime Minister strengthens global security and stability at the
G7 Summit
- Canada and the G7
- Canada's climate finance for
developing countries
- International Assistance Innovation Program
- Canada's Indo-Pacific
Strategy
- Canada's Feminist
International Assistance Policy
- Canada and the Sustainable
Development Goals
This document is also available at https://pm.gc.ca
SOURCE Prime Minister's Office