In a message of “convergence and unity in response to multiple crises,” the Group of 7 (G7) leaders from Canada, France, Germany, Italy, Japan, the UK, and the US, together with the EU, have agreed to foster mutually beneficial international partnerships.

The G7 Leaders’ Summit took place in Évian, France, from 15-17 June 2026.

Acknowledging that official development assistance (ODA), 70% of which is provided by the G7 countries, is insufficient to meet developing countries’ needs, the Leaders’ Declaration on Mutually Beneficial International Partnerships reaffirms the G7’s “commitment to international cooperation on development and investment finance as a driver of shared prosperity and highlight[s] [member countries’] willingness to provide support to the most vulnerable.”

The leaders highlight the need for structured reforms to the development architecture to ensure its efficiency and impact. They pledge to support partner countries’ ability to self-finance as well as their ownership, accountability, long-term economic sovereignty, and resilience in line with their development priorities.

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Among other actions, the G7 will support partner countries by:

  • Strengthening domestic resource mobilization and developing capacities for tax administration;
  • Developing programmes encouraging co-investment and generating incentives to engage in necessary institutional reforms, where appropriate;
  • Enhancing efforts to address growing global debt vulnerabilities that threaten economic stability and constrain fiscal space;
  • Fostering more effective mobilization of private capital to finance long-term development and impact at scale; and
  • Promoting supply chain resilience and diversification, as well as resilient transportation, energy, and digital infrastructures.

The declaration highlights that the G7 will “use concessional resources strategically where they are most needed,” notably in least developed countries (LDCs) and those that are vulnerable to external and natural shocks.

The leaders “aim to address the fragmentation of the development system and to improve its efficiency and effectiveness” by enhancing coordination and collaboration among public development banks, development financing institutions, multilateral development banks (MDBs), and vertical multilateral funds. They also support and encourage UN reform, including through the UN80 agenda.

Other outcomes of the 2026 G7 Summit’s include:

The G7 leaders were joined by the leaders from the French Presidency’s partner countries – India, Kenya, the Republic of Korea, Brazil, and Egypt, as well as several international organizations and invited countries, including Ukraine and several Gulf states. The President of the European Council and the President of the European Commission represented the EU. 

In 2027, the US will assume the G7’s Presidency. [Outcomes of Évian G7 Summit]