Prime Minister shared priorities at G20 Summit
Nov. 18, 2022
Global Korean Post
The Prime Minister, Justin Trudeau, Nov. 16 concluded his participation at the G20 Summit in Bali, Indonesia, where he worked with G20 leaders to drive progress on shared priorities, including ensuring energy and food security, improving global health, protecting the environment and fighting climate change, and building an economy that works for all Canadians. He also continued to condemn – in the strongest possible terms – Russia’s brutal and unjustifiable invasion of Ukraine, and reiterated Canada’s steadfast support for the Ukrainian people.
At the Summit, Prime Minister Trudeau announced that Canada will invest $750 million to significantly expand FinDev Canada’s global efforts to meet demand for infrastructure and enhance the reach and impact of Canada’s private sector activities. The additional capital will enable FinDev to increase its engagement in the Indo-Pacific and help respond to the region’s massive infrastructure needs, address existing funding gaps, and support wider regional progress toward ending poverty, fighting climate change, and building a future that works for everyone. This will help improve lives, connect people, spur economic growth, and contribute to a cleaner future while offering Canadian expertise and a development model that is accountable and leaves no one behind.
The Prime Minister made the announcement at a Partnership for Global Infrastructure and Investment event co-hosted by the President of the United States of America, Joe Biden, the President of the European Commission, Ursula von der Leyen, and the President of Indonesia, Joko Widodo.
In Bali, Prime Minister Trudeau continued to push for ambitious action on climate change and the environment by urging countries to adopt a robust post-2020 Global Biodiversity Framework at COP15 in Montréal next month to halt biodiversity loss and ensure a healthy future. He emphasized the importance of increasing efforts to protect the environment, fight climate change, and protect peoples’ livelihoods from its devastating effects. He announced that Canada will provide:
- $20 million to restore and protect mangroves in coastal communities in Indonesia, which will help prevent biodiversity loss and store carbon to fight climate change;
- $15 million to support Indonesia’s efforts to scale-up its climate change adaptation and mitigation efforts in response to rising sea levels, environmental degradation, and biodiversity loss;
- $10 million for the Oceans for Prosperity initiative to continue improving the sustainable management of coral reef ecosystems to support local communities in Indonesia; and
- $3 million to help Indonesia restore coastal and marine ecosystems – essential carbon-storing ecosystems – to better adapt to and mitigate the impacts of climate change
From November 14 to 16, Prime Minister Trudeau held bilateral meetings with the Prime Minister of the United Kingdom, Rishi Sunak, and the Prime Minister of Italy, Giorgia Meloni.
The Prime Minister also held a pull-aside meeting with the President of South Korea, Yoon Suk Yeol.
During the B20 Summit, the Prime Minister met with major business executives, including Seiji Izumisawa, President and CEO of Mitsubishi Heavy Industries Ltd.
Canada last hosted the G20 in 2010. Indonesia holds the presidency in 2022, and India will hold it in 2023.
