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by Tiziana Di Giovannandrea

February 26, 2021 The Government expects to "proceed rapidly" in the coming months in the vaccination campaign.

This was stated by the Minister of Economy and Finance Daniele Franco at the end of the G20 meeting. 



"We travel at the European speed for vaccination and we plan to proceed quickly in the coming months", said Franco recalling the initiatives launched by the Government and the European Commission to accelerate the fight against the pandemic.



During the meeting of the G20 finance ministers, the owner of the Economy explained, much concern has emerged about the lack of vaccines in the least developed countries.



Franco, on Digital Tax a desirable agreement in Venice 

On the Digital Tax, the deadline for a global agreement was set in mid-2021 "hopefully we would like to find an agreement at the Venice Meeting" in July and "it would have very important repercussions" then affirmed the Minister of Economy Daniele Franco at the end of the G20.



Franco, fundamental multilateral approach

 "There has been a lot of talk about multilateralism. It is an approach more important than ever and must be implemented through strong coordination between various states", then specified the Minister of Economy and Finance Franco. 



Regarding the

tax reform

, the owner of Via XX Settembre specified: "I can only mention the Prime Minister Mario Draghi and that is that the government considers tax reform as something very important that must be addressed in a broad and systematic way".



Ignazio Visco

, 

governor of the Bank of Italy, 

highlighted how in the first financial G20 with the Italian presidency there was "a very productive confrontation" and "many issues were addressed, from financial stability to financial inclusion".

"All the delegates - underlined Visco - made an important contribution and expressed broad support for the Italian presidency of the G20".



Visco, with the pandemic still in progress preliminary assessments

"We realize that with the pandemic still in progress, any assessment of the lessons learned will obviously be preliminary and will only be an attempt, but this work was still important at this time". "We need to understand if the forms introduced after the financial crisis can work and contribute to increasing the resilience of the banking sector on the occasion of the first major test of the pandemic, "he added.



The guidelines relaunched by the G20 meeting between the ministers of the economy and the heads of central banks were in practice: limiting the impact of the crisis on the global economy, while trying to foster a strong, sustainable and inclusive economic recovery.

The challenges posed by Covid require a strengthening of global cooperation in tax matters.

The summit was held via videoconference, and was chaired by Italy with the new MEF owner, Daniele Franco, and by the governor of the Bank of Italy, Ignazio Visco.


During the Italian presidency of the G20, our country intends to promote the commitment to relaunch the working group on

sustainable finance

, born and abandoned in 2016. Climate emergency and solidity of public finance are other issues on the agenda.



G20, Gentiloni: joint effort for vaccinations, no premature withdrawal stimuli

"Good first G20 of finance ministers and central bank governors under the Italian presidency".

Thus the European Commissioner Paolo Gentiloni expressed himself in a tweet.

Gentiloni underlined the "joint effort on a global level for vaccinations" and called for "avoiding the premature withdrawal of the fiscal support policy" and making "progress towards an agreement on digital and minimum wages"



In addition to Italy, the meeting also marked the debut as US Treasury Secretary 

Janet Yellen

, one of the leading figures in Joe Biden's new administration: Yellen said the US will work "robustly" to address both pillars of the fiscal project. OECD.