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Minister Giorgetti at the G20 summit in New Delhi

Minister's bilateral meetings with Yellen and Lindner

New Delhi, 10 September – Italian Minister Giancarlo Giorgetti attended the G20 in New Delhi, India; together with Italian Prime Minister Giorgia Meloni, he represented Italy at the international summit attended by the heads of state and government of the world's major economies.

Climate, energy, food security, women's empowerment, health, artificial intelligence, digitalisation and sustainable development were at the heart of the agenda of the 18th summit (9-10 September). The G20 meetings were also an opportunity for the delegations present in the Indian capital to discuss immigration and support for poor countries, the entry of the African Union as a permanent member of the G20 and the conflict in Ukraine.

On the first day of the conference, Minister Giorgetti participated together with Prime Minister Meloni in the session dedicated to the theme ‘One Earth, One Family, One Future’, where he also had the opportunity to dialogue with German Chancellor Olaf Scholz.

The Minister instead met with German Minister of Finance Christian Lindner before the start of the second day of the G20. Numerous common topics were discussed during the bilateral meeting, starting with the Ita-Lufthansa dossier, which has not yet received the go-ahead from the European competition authority; such an act is necessary to concretise the agreement that was signed a few months ago. Giorgetti asked his German colleague for support for BEI candidate Daniele Franco, “a well-prepared technician free of political influence”.

Another topic at the centre of the talks was the economic situation of the two countries and the new rules of the stability pact. Giorgetti confirmed the agreement on the need to start a path to debt repayment according to realistic, sustainable and serious rules. In addition, the Italian Minister agreed on the need to continue efforts to restore peace in Ukraine in line with the Italian proposal to exempt defence spending increases from the pact. Finally, Giorgetti agreed on the proposal to rationalise other economic interventions also in light of the growth of both countries.

Earlier, on his arrival in New Delhi (8 September), Giorgetti had met US Secretary of the Treasury Janet Yellen. The two confer at every international summit, where the Italian Minister sees the US administration representative separately for an exchange of ideas. On this occasion, Giorgetti “illustrated Italy's G7 agenda for 2024 by reiterating that more and more resources must be used first and foremost for the African countries hardest hit by drought and the consequences of the war in Ukraine”. He reiterated that “in an increasingly fragmented world, cooperation among friends is crucial” and how the G20 can continue to be a promising way to provide greater support to the poorest countries. During the meeting, the topic of global minimum taxation (the so-called two pillars, the other being the common definition of extra taxation in the countries where companies do most business), which is encountering difficulties in implementation, was also addressed. Giorgetti also discussed the Italian economic situation and the sharing of aid to Ukraine.

At the end of the G20, Minister Giorgetti travelled with Prime Minister Meloni to Qatar. The aim of the institutional mission is to expand cooperation between the two countries in the fields of energy, security, defence, and to encourage investment.

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Minister Giorgetti at the G20 summit in New Delhi

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