As per the draft communiqué of the two-day meeting of the Group of Seven (G7) nations starting from Friday, conveyed by Bloomberg, “The Group of Seven leaders is set to vow to deliver at least 1 billion extra doses of vaccines over the next year to help cover 80% of the world’s adult population.”
The document, seen by the Bloomberg report also cites the global policymakers’ plan to end the pandemic by December 2022.
Additional details (via Bloomberg):
G-7 pledge to better tackle forced labor in global supply chains, including in the solar and garment sectors and involving state-sponsored forced labor of minorities. While that section does not mention China by name, it follows global criticism of its treatment of Uyghur Muslims in Xinjiang.
Calls for a fresh, transparent, WHO-convened study into the origins of the coronavirus.
There is a call for Russia to hold to account groups within its borders who conduct ransomware attacks, use virtual currencies to launder ransoms, and carry out other cybercrimes.
The group welcomes the recent talks toward a full resumption of the 2015 Iran nuclear deal, while condemning its use of proxy forces and non-state armed actors.
FX implications
Given the market’s current focus on the US Consumer Price Index (CPI) for May and the ECB meeting, the news failed to generate any reaction. That said, the S&P 500 Futures remain depressed by the press time of early Thursday morning in Asia.
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