ADBI Urges G7-Asia Alignment to Advance Sustainable Economic Recovery for All

ADBI News Release | 25 May 2022

Berlin, Germany – New research championed by the Asian Development Bank Institute (ADBI) to help the Group of 7 (G7) promote sustainable recovery that lifts both developed and developing economies amid emerging challenges was spotlighted during the Think7 (T7) Summit in Berlin on 23-24 May.

Seven policy briefs coproduced by ADBI via task forces of the T7, the think tank engagement group of the G7 launched by Germany in 2022, encourage greater G7 cooperation with Asia and the Pacific to reinvigorate the global economy in-line with longer-term sustainable development targets.

The policy briefs stress the importance of building G7 partnership with developing economies critical to global trade and climate action, but which are disproportionately impacted by Russia’s invasion of Ukraine that is compounding high energy and food prices on the heels of the COVID-19 crisis.

Dean Sonobe, Co-Chair of the T7 Task Force on Sustainable Economic Recovery, led T7 Summit discussions of ADBI’s guidance for scaling up green investment, tackling debt challenges, addressing COVID-19 learning disruptions, and building resilient supply chains and sustainable consumption.

He will be joined by other T7 task force chairs in presenting T7 policy recommendations to Germany’s Chancellor and 2022 G7 President Olaf Scholz on 25 May, helping to set the stage for the G7 Leaders’ Summit on 26-28 June in Schloss Elmau.

ADBI Coproduced T7 Policy Briefs