speech
Emmanuel Macron  ·  2026-06-11 00:00

Sommet de Convergence mondiale pour la croissance.

The Head of State chaired the Global Convergence Summit for Growth, this Thursday, June 11, 2026 by videoconference. This summit aims to initiate cooperation between systemic and emerging economies to ease tensions and create the conditions for balanced, sustainable and shared growth. The reduction of global macroeconomic imbalances is a priority of the President of the Republic. It is committed to establishing a partnership between the G7 countries and all those who share its growth objective. This objective is consistent with France's efforts to restore a strong industry in Europe, balancing trade with China as well as the United States. It is also in the interest of the most fragile countries. This conference signals a new willingness of China, the United States and Europe to engage in a coordinated economic approach. The G7 summits in Evian du June 15 to 17 and the G20 which will take place next December constitute the appropriate frameworks for discussing global economic cooperation. This Convergence Summit brought together representatives of the G7 and its partner countries in Evian (Brazil, South Korea, Egypt, India and Kenya), as well as representatives of China and the IMF. Participating countriesMr. Friedrich MERZ, Chancellor of the Federal Republic of Germany;⁠Mr. Mauro VIEIRA, Minister of Foreign Affairs of the Federative Republic of Brazil;⁠Mr. Mark CARNEY, Prime Minister of Canada;Mr. ZHANG Guojing, Vice Premier of the People's Republic of China;Mr. KOO Yun-Cheol, Deputy Prime Minister, Minister of Economy and Finance of the Republic of Korea;⁠Mr. Scott BESSENT, Secretary of the Treasury of the United States of America; Mr. Jamieson GREER, United States Trade Representative; Ms. Nirmala SITHARAMAN, Minister of Finance of the Republic of India; Mr. Giancarlo GIORGETTI, Minister of Economy and Finance of the Italian Republic;⁠Mr. HORII Iwao, Minister for Foreign Affairs of Japan; Ms. Rachel REEVES, Chancellor of the Exchequer of the United Kingdom of Great Britain and Northern Ireland. International organizationsMr. António COSTA, President of the European Council;Mr. Valdis DOMBROVSKIS, European Commissioner for the Economy, Productivity, Implementation and Simplification; Ms. Kristalina GEORGIEVA, Managing Director of the International Monetary Fund (IMF). Review the introductory remarks:

The Head of State chaired the Global Convergence Summit for Growth, this Thursday, June 11, 2026 by videoconference.

This summit aims to initiate cooperation between systemic and emerging economies to ease tensions and create the conditions for balanced, sustainable and shared growth.

Resolving global macroeconomic imbalances is a priority of the President of the Republic. It is committed to establishing a partnership between the G7 countries and all those who share its growth objective.

This objective is consistent with France's efforts to restore strong industry in Europe and balance trade with China as well as the United States. It is also in the interest of the most fragile countries.

This conference signals a new willingness of China, the United States and Europe to engage in a coordinated economic approach.

The G7 summits in Evian from June 15 to 17 and the G20 summits which will take place next December constitute appropriate frameworks for discussing global economic cooperation.

This Convergence Summit brought together representatives of the G7 and its partner countries in Evian (Brazil, South Korea, Egypt, India and Kenya), as well as representatives of China and the IMF.

June 11, 2026 - Only the delivery is authentic

[Thank you for] joining this virtual meeting and this convergence summit.

I'm very grateful that you've joined us for this important discussion. We will be collectively efficient. Our common goal should be clear. It's to put the global economy back on a stronger growth path.

I think we all share this objective.

In order to deliver, we obviously need sound domestic policies and effective international cooperation. Some of the challenges we face are manifestations of global imbalances.

Over the recent past, those imbalances have widened considerably, reaching levels not seen since the 2007, 2008 global financial crisis. The current global geopolitical situation is even obviously increasing these imbalances.

It will be one of the key focuses of our discussion at the G7.

It will be a very important topic for the G20 chaired by the US, and significant progress has been made in the past few months on reaching a common understanding on key aspects regarding imbalances. All the work done by the IMF and the Group of International Economists chaired by Hélène Rey is helping a great deal in this respect. I want to thank all of them.

The international consensus is forming around a few points.

First, there is urgency to act. Global imbalances have been persistent and have widened in recent years, endangering economic growth and financial stability. The call to action issued by the African countries in Nairobi was very clear in that regard.

Second, addressing global imbalances is a shared responsibility of both surplus and deficit economies. And especially the resynchronization and coordination of the right approach between Europe, China and the US are absolutely critical in this regard.

Third, coordination is key. And if they are not addressed through a coordinated approach among the world's major economies, these imbalances risk unwinding in a disorderly manner, leading to abrupt economic and financial adjustments and force addressing global imbalances is first and foremost in our own national economic interests.

A well-calibrated rebalancing would be a driver of stable and sustainable long-term growth.

Obviously, in this discussion, the IMF has a central role in the surveillance framework of imbalances for policy advice and to a certain extent monitoring of progress. The government and surveillance framework is key.

We all know what we have to do.

We know in Europe that we are lagging behind in terms of productivity and investment. I look forward to today's discussion and in particular I expect a policy-oriented and inclusive discussion on this urgent issue in order at our level to converge in terms of assessment and in terms of better coordination for our key policies.

I think the main question is clearly: how far are we ready to go collectively to rebalance our growth models to deliver stability and prosperity to our people?

I won’t be any longer, but here was a way I wanted to frame our common discussion.

I suggest, if you agree, to start with the IMF and thank you, Kristalina, for being here in order precisely to frame this discussion and present the key objectives in more detail.

June 11, 2026 - Only the delivery is authentic

[Thank you for] joining this virtual meeting and this convergence summit.

I'm very grateful that you've joined us for this important discussion. We will be collectively efficient. Our common goal should be clear. It's to put the global economy back on a stronger growth path.

I think we all share this objective.

In order to deliver, we obviously need sound domestic policies and effective international cooperation. Some of the challenges we face are manifestations of global imbalances.

Over the recent past, those imbalances have widened considerably, reaching levels not seen since the 2007, 2008 global financial crisis. The current global geopolitical situation is even obviously increasing these imbalances.

It will be one of the key focuses of our discussion at the G7.

It will be a very important topic for the G20 chaired by the US, and significant progress has been made in the past few months on reaching a common understanding on key aspects regarding imbalances. All the work done by the IMF and the Group of International Economists chaired by Hélène Rey is helping a great deal in this respect. I want to thank all of them.

The international consensus is forming around a few points.

First, there is urgency to act. Global imbalances have been persistent and have widened in recent years, endangering economic growth and financial stability. The call to action issued by the African countries in Nairobi was very clear in that regard.

Second, addressing global imbalances is a shared responsibility of both surplus and deficit economies. And especially the resynchronization and coordination of the right approach between Europe, China and the US are absolutely critical in this regard.

Third, coordination is key. And if they are not addressed through a coordinated approach among the world's major economies, these imbalances risk unwinding in a disorderly manner, leading to abrupt economic and financial adjustments and force addressing global imbalances is first and foremost in our own national economic interests.

A well-calibrated rebalancing would be a driver of stable and sustainable long-term growth.

Obviously, in this discussion, the IMF has a central role in the surveillance framework of imbalances for policy advice and to a certain extent monitoring of progress. The government and surveillance framework is key.

We all know what we have to do.

We know in Europe that we are lagging behind in terms of productivity and investment. I look forward to today's discussion and in particular I expect a policy-oriented and inclusive discussion on this urgent issue in order at our level to converge in terms of assessment and in terms of better coordination for our key policies.

I think the main question is clearly: how far are we ready to go collectively to rebalance our growth models to deliver stability and prosperity to our people?

I won’t be any longer, but here was a way I wanted to frame our common discussion.

I suggest, if you agree, to start with the IMF and thank you, Kristalina, for being here in order precisely to frame this discussion and present the key objectives in more detail.

Notes

Le chef de l’État a présidé le Sommet de Convergence mondiale pour la croissance, ce jeudi 11 juin 2026 en visioconférence.Ce sommet vise à initierune coopération entre les économies systémiques et émergentespour apaiser les tensions et créer les conditions d’unecroissance équilibrée, durable et partagée.La résorption des déséquilibres macroéconomiques mondiauxest une priorité du Président de la République. Il s’engage pour établir un partenariat entre les pays du G7 et tous ceux qui partagent son objectif de croissance.Cet objectif est cohérent avec les efforts de la France pourrestaurer une industrie forte en Europe, équilibrer le commerce avec la Chine ainsi que les Etats Unis.Il est aussi dans l’intérêt des pays les plus fragiles.Cette conférence signale une disponibilité nouvelle de la Chine, des États Unis et de l’Europe de s’engager dansune démarche économique coordonnée.Les sommets duG7à Evian du 15 au 17 juin prochain et duG20qui aura lieu au mois de décembre prochain constituent les cadres appropriés pour évoquer la coopération économique mondiale.Ce Sommet de Convergence a réunides représentants du G7 et de ses pays partenairesà Evian (Brésil, Corée du Sud, Egypte, Inde et Kenya), ainsi quedes représentants de la Chine et du FMI.Pays participantsM. Friedrich MERZ, Chancelier de la République fédérale d’Allemagne ;⁠M. Mauro VIEIRA, Ministre des Affaires étrangères de la République fédérative du Brésil ;⁠M. Mark CARNEY, Premier ministre du Canada ;M. ZHANG Guojing, Vice-Premier ministre de la République populaire de Chine ;M. KOO Yun-Cheol, Vice-Premier ministre, Ministre de l’Économie et des Finances de la République de Corée ;⁠M. Scott BESSENT, Secrétaire du Trésor des États-Unis d’Amérique ;M. Jamieson GREER, Représentant américain au Commerce ;Mme Nirmala SITHARAMAN, Ministre des Finances de la République de l’Inde ;M. Giancarlo GIORGETTI, Ministre de l’Économie et des Finances de la République italienne ;⁠M. HORII Iwao, Ministre délégué aux affaires étrangères du Japon ;⁠Mme Rachel REEVES, Chancelière de l’Échiquier du Royaume-Uni de Grande-Bretagne et d’Irlande du Nord.Organisations internationalesM. António COSTA, Président du Conseil européen ;M. Valdis DOMBROVSKIS, Commissaire européen à l'Économie, à la Productivité, à la Mise en œuvre et à la Simplification ;Mme Kristalina GEORGIEVA, Directrice générale du Fonds monétaire international (FMI).Revoir les propos introductifs : Le chef de l’État a présidé le Sommet de Convergence mondiale pour la croissance, ce jeudi 11 juin 2026 en visioconférence. Ce sommet vise à initierune coopération entre les économies systémiques et émergentespour apaiser les tensions et créer les conditions d’unecroissance équilibrée, durable et partagée. La résorption des déséquilibres macroéconomiques mondiauxest une priorité du Président de la République. Il s’engage pour établir un partenariat entre les pays du G7 et tous ceux qui partagent son objectif de croissance. Cet objectif est cohérent avec les efforts de la France pourrestaurer une industrie forte en Europe, équilibrer le commerce avec la Chine ainsi que les Etats Unis.Il est aussi dans l’intérêt des pays les plus fragiles. Cette conférence signale une disponibilité nouvelle de la Chine, des États Unis et de l’Europe de s’engager dansune démarche économique coordonnée. Les sommets duG7à Evian du 15 au 17 juin prochain et duG20qui aura lieu au mois de décembre prochain constituent les cadres appropriés pour évoquer la coopération économique mondiale. Ce Sommet de Convergence a réunides représentants du G7 et de ses pays partenairesà Evian (Brésil, Corée du Sud, Egypte, Inde et Kenya), ainsi quedes représentants de la Chine et du FMI. 11 juin 2026- Seul le prononcé fait foi [Thank you for] joining this virtual meeting and this convergence summit. I'm very grateful that you've joined us for this important discussion. We will be collectively efficient. Our common goal should be clear. It's to put the global economy back on a stronger growth path. I think we all share this objective. In order to deliver, we need obviously sound domestic policies and effective international cooperation. Some of the challenges we face are manifestations of global imbalances. Over the recent past, those imbalances have widened considerably, reaching levels not seen since the 2007, 2008 global financial crisis. The current global geopolitical situation is even obviously increasing these imbalances. It will be one of the key focuses of our discussion at the G7. It will be a very important topic for the G20 chaired by the US, and significant progress has been made in the past few months on reaching a common understanding on key aspects regarding imbalances. All the work done by the IMF and the Group of International Economists chaired by Hélène Rey is helping a great deal in this respect. I want to thank all of them. The international consensus is forming around a few points. First, there is urgency to act. Global imbalances have been persistent and have widened in recent years, endangering economic growth and financial stability. The call to action issued by the African countries in Nairobi was very clear in that regard. Second, addressing global imbalances is a shared responsibility of both surplus and deficit economies. And especially the resynchronization and coordination of the right approach between Europe, China and the US are absolutely critical in this regard. Third, coordination is key. And if they are not addressed through a coordinated approach among the world's major economies, these imbalances risk unwinding in a disorderly manner, leading to abrupt economic and financial adjustments and force addressing global imbalances is first and foremost in our own national economic interests. A well-calibrated rebalancing would be a driver of stable and sustainable long-term growth. Obviously, in this discussion, the IMF has a central role in the surveillance framework of imbalances for policy advice and to a certain extent monitoring of progress. The government and surveillance framework is key. We all know what we have to do. We know in Europe that we are lagging behind in terms of productivity and investment. I look forward to today's discussion and in particular I expect a policy-oriented and inclusive discussion on this urgent issue in order at our level to converge in terms of assessment and in terms of better coordination for our key policies. I think the main question is clearly : how far are we ready to go collectively to rebalance our growth models to deliver stability and prosperity to our peoples ? I won’t be any longer, but here was a way I wanted to frame our common discussion. I suggest, if you agree, to start with the IMF and thank you, Kristalina, for being here in order precisely to frame this discussion and present the key objectives in more detail. 11 juin 2026- Seul le prononcé fait foi [Thank you for] joining this virtual meeting and this convergence summit. I'm very grateful that you've joined us for this important discussion. We will be collectively efficient. Our common goal should be clear. It's to put the global economy back on a stronger growth path. I think we all share this objective. In order to deliver, we need obviously sound domestic policies and effective international cooperation. Some of the challenges we face are manifestations of global imbalances. Over the recent past, those imbalances have widened considerably, reaching levels not seen since the 2007, 2008 global financial crisis. The current global geopolitical situation is even obviously increasing these imbalances. It will be one of the key focuses of our discussion at the G7. It will be a very important topic for the G20 chaired by the US, and significant progress has been made in the past few months on reaching a common understanding on key aspects regarding imbalances. All the work done by the IMF and the Group of International Economists chaired by Hélène Rey is helping a great deal in this respect. I want to thank all of them. The international consensus is forming around a few points. First, there is urgency to act. Global imbalances have been persistent and have widened in recent years, endangering economic growth and financial stability. The call to action issued by the African countries in Nairobi was very clear in that regard. Second, addressing global imbalances is a shared responsibility of both surplus and deficit economies. And especially the resynchronization and coordination of the right approach between Europe, China and the US are absolutely critical in this regard. Third, coordination is key. And if they are not addressed through a coordinated approach among the world's major economies, these imbalances risk unwinding in a disorderly manner, leading to abrupt economic and financial adjustments and force addressing global imbalances is first and foremost in our own national economic interests. A well-calibrated rebalancing would be a driver of stable and sustainable long-term growth. Obviously, in this discussion, the IMF has a central role in the surveillance framework of imbalances for policy advice and to a certain extent monitoring of progress. The government and surveillance framework is key. We all know what we have to do. We know in Europe that we are lagging behind in terms of productivity and investment. I look forward to today's discussion and in particular I expect a policy-oriented and inclusive discussion on this urgent issue in order at our level to converge in terms of assessment and in terms of better coordination for our key policies. I think the main question is clearly : how far are we ready to go collectively to rebalance our growth models to deliver stability and prosperity to our peoples ? I won’t be any longer, but here was a way I wanted to frame our common discussion. I suggest, if you agree, to start with the IMF and thank you, Kristalina, for being here in order precisely to frame this discussion and present the key objectives in more detail.