Finance chiefs from the Group of Seven begin a two-day meeting in Bari on Friday (May 12) with talks likely to focus on trade, climate change and Greek debt. Rough cut (no reporter narration).
ROUGH CUT. NO REPORTER NARRATION. IMF Chief Christine Lagarde, Bank of England Governor Mark Carney and President of the ECB Mario Draghi are among the G7 finance ministers arriving for a two-day conference in the Adriatic port city of Bari. The official agenda for the Group of Seven in the Adriatic port city of Bari focuses on inequality, international tax rules, cyber security and blocking the funding of terrorism. However, many participants will be looking to U.S. Treasury Secretary Steven Mnuchin to gauge U.S. intentions on issues where Trump has threatened to upset the group's consensus on protectionism and climate change. The closing statement from Bari will reiterate a warning against competitive devaluations, Italian officials said, as March's G20 did, allaying fears that the new U.S. administration might weaken the G20's united front on global currency policy.