The Group of 7 (G7) leaders from Canada, France, Germany, Italy, Japan, the UK, and the US, together with the EU, have concluded a three-day summit, agreeing to deepen cooperation in the areas of critical minerals supply chains, artificial intelligence (AI), quantum innovation, countering foreign interference, fighting transnational crime, and preventing, fighting and recovering from wildfires.

The G7 Leaders’ Summit took place in Kananaskis, Canada, from 15-17 June 2025. Canada’s Prime Minister Mark Carney chaired the Summit.

The G7 Critical Minerals Action Plan aims to anticipate critical minerals shortages, coordinate responses to deliberate market disruption, and diversify and onshore, where possible, mining, processing, manufacturing, and recycling. The G7 countries will develop a roadmap to promote standards-based markets for critical minerals, in collaboration with industry, international organizations, resource producing nations, Indigenous Peoples, local communities, unions, and civil society. They also commit to mobilizing capital and investing in partnerships and to promoting innovation.

The leaders look forward to the upcoming Conference on Critical Materials and Minerals, to be chaired by the US in Chicago in September 2025, and welcome the endorsement of the G7 Critical Minerals Action Plan by the leaders of Australia, India, and the Republic of Korea.

The G7 leaders also issued joint statements on:

According to the Chair’s Summary, during the Summit, the leaders “focused on economic developments,” discussing “the need for greater economic and financial stability, technological innovation, and an open and predictable trading regime to drive investment and growth.” The summary notes “a productive discussion on the importance of building coalitions with reliable partners, including the private sector, development finance institutions, and multilateral development banks (MDBs), “to drive inclusive economic growth and advance sustainable development.” The Fourth International Conference on Financing for Development (FfD4) “was raised as an opportunity to continue these discussions, including on private capital mobilization.”

The Chair’s Summary further highlights that discussions at the Summit “were informed by the recommendations of the G7 Gender Equality Advisory Council (GEAC), which stressed the social and economic benefits of gender equality, and of all G7 engagement groups.”

Canada announced several initiatives, including those aiming to strengthen partnerships for financing development and shared prosperity, including:

  • USD 400 million in portfolio guarantees to MDBs, to enable the Inter-American Development Bank (IDB) and the Caribbean Development Bank (CDB) to provide up to USD 1.6 billion in new financing to support development in emerging markets and developing countries in Latin America and the Caribbean (LAC);
  • Support to the International Assistance Innovation Program to help mobilize additional private investments in developing countries to advance the SDGs; and
  • An initiative to help address barriers to private sector investment in developing countries through targeted support for technical assistance, project preparation, de-risking instruments, and risk-sharing tools, including through the Global Infrastructure Facility and other global platforms, such as SCALED – Scaling Capital for Sustainable Development. 

The G7 leaders were joined by the leaders from Australia, Brazil, India, the Republic Korea, Mexico, and South Africa, as well as UN Secretary-General António Guterres and President of the World Bank Ajaypal Singh Banga. The President of the European Council and the President of the European Commission represented the EU. 

In 2026, France will assume the G7’s Presidency. [G7 Canada] [Backgrounder on Prime Minister Carney Concluding 2025 G7 Leaders’ Summit]