G7-B7
Business response to the challenges of advanced economies
What is the G7?
The G7 is an international forum designed to bring together the leaders of seven of the world's most industrially advanced democracies. The G7 continues to function as a forum for discussion of economic and financial issues and usually includes the Managing Director of the IMF and G7 finance ministers and central bank governors. The member countries include: France, the United Kingdom, Germany, Japan, Italy, Canada, and the United States. The European Union is also included as an attendee.
The presidency of the G7 changes on an annual basis; the president for 2021 is the United Kingdom.
2021 - G7 Communiqué, Carbis Bay UK
What is the B7?
The B7 serves as the business side of the G7, representing the business community of the G7 countries. The goal of the B7 is to contribute to the G7 agenda by providing the business perspective on major economic issues through recommendations and proposals. The B7 organizes various initiatives and events by bringing together civil society, business, and opinion leaders. They provide a forum for high-level debate on international issues and potential solutions.
The Confederation of British Industry (CBI) hosted the 2021 B7 Summit virtually on May 10 - 12.