G20 ministers gave the green light for an agreement on the taxation of multinational companies

The Ministers of Economy and Finance of the Group of 20 most industrially developed countries of the world and developing countries - G20, today gave the green light for an agreement on the taxation of multinational companies, according to which the global tax will be at least 15 percent.

At the end of a two-day meeting in Venice, the ministers approved the agreement recently reached by member countries of the Organization for Economic Cooperation and Development (OECD).

If the global economic situation "has improved in recent months, mainly thanks to the increase in the number of people vaccinated against the coronavirus", the G20 reminds that the crisis is not over yet.

The economic recovery "remains exposed to downside risks, particularly the spread of new strains of the coronavirus and varying vaccination rates" around the world, according to a joint statement at the end of the meeting.

Although developed countries have been vaccinating their populations in recent months, least developed countries are still far from doing so, primarily due to lack of access to the vaccine.

UN Secretary General Antonio Guterres called on G20 members on Friday to show "solidarity" with developing countries.

"Although 70 percent of the population is vaccinated in some developed countries, this figure is less than one percent for low-income countries," warned Guterres.

Just before the opening of the G20, the Director General of the International Monetary Fund (IMF), Kristalina Georgieva, called on the members of the organization to "urgent actions", especially to share vaccines, finance their distribution and invest in their faster production.

The group of 20 most industrially developed countries in the world and developing countries - G20, consists of the European Union and 19 countries: Argentina, Australia, Brazil, France, South Africa, South Korea, Canada, China, India, Indonesia, Italy, Japan, Mexico, Germany, Russia, USA, Saudi Arabia, Turkey and Great Britain.