G20 Finance Ministers and Central Bank Governors Meeting Communiqué
05/20/2022
U.S. Department of the Treasury
Office of Public Affairs
Press Release: FOR IMMEDIATE RELEASE
May 20, 2022
Contact: Alexandra LaManna; Press@Treasury.gov
G20 Finance Ministers and Central Bank Governors Meeting Communiqué
18 -20 May 2022, Petersberg, Germany
Preamble
We, the G7 Finance Ministers and Central Bank Governors, met on the Petersberg on 18-20 May 2022, joined by the Heads of the International Monetary Fund (IMF), World Bank Group, Organisation for Economic Cooperation and Development (OECD), and Financial Stability Board (FSB). We agreed on concrete actions to deepen multilateral economic cooperation and underlined our commitment to our united response to Russia´s war of aggression against Ukraine and to our unwavering support for Ukraine. We were honoured to be joined virtually for our meeting by the Ukrainian Prime Minister and the Ukrainian Finance Minister.
Support to UkraineWe remain steadfast in our support for and solidarity with Ukraine. In our statement of 20 April 2022, we confirmed that together with the international community we have provided and pledged considerable support to Ukraine this year, on top of the economic support provided since 2014 until 2021, which exceeds 60 billion US dollars. While also addressing Ukraine´s humanitarian and other material needs, we recognise, in particular, Ukraine´s urgent short- term financing needs. In 2022, we have mobilised 19.8 billion US dollars of budget support, including 9.5 billion US dollars of recent commitments in the lead up to the Petersberg meeting, to help Ukraine close its financing gap and continue ensuring the delivery of basic services to the Ukrainian people. Furthermore, we welcome ongoing work across the G7 and international financial institutions on further substantial financing to Ukraine, notably including the proposal by the European Commission for up to 9 billion euros of additional macro-financial assistance. Additional planned support to Ukrainian state-owned enterprises and the private sector through the European Bank for Reconstruction and Development and the



