G7 Ise-Shima Leaders’ Declaration
G7 Ise-Shima Summit, 26-27 May 2016
Preamble
We, the leaders of the G7, met in Ise-Shima on 26 and 27 May 2016 to address major global
economic and political challenges. Global growth remains moderate and below potential, while risks
of weak growth persist. Escalated geo-political conflicts, terrorism and refugee flows complicate the
global economic environment. The rise of violent extremism, terrorist attacks and other challenges,
pose serious threat to the existing rule based international order, as well as to common values and
principles for all humanity.
The G7 has a special responsibility to lead international efforts to tackle these challenges. We remain
bound together as a group guided by our common values and principles, including freedom,
democracy, the rule of law and respect for human rights. Furthermore, following the adoption of the
2030 Agenda for Sustainable Development (2030 Agenda) and the Paris Agreement on climate
change last year, we will further make efforts to implement our commitments. Today, we have
demonstrated our capacity to make tangible progress on a broad range of economic, security, and
development policy issues, and we will demonstrate through our actions, a path forward in solving
major issues to ensure peace, security and prosperity of the world.
G7 Ise-Shima Economic Initiative
We pledge to collectively tackle current economic challenges, while laying out foundations for
stronger long-term global growth. Therefore, we have developed our commitment in the following
areas as our response to contribute to achieve strong, sustainable and balanced growth.
World Economy: Global growth is our urgent priority. Taking into account country-specific
circumstances, we commit to strengthening our economic policy responses in a cooperative
manner and to employing a more forceful and balanced policy mix, in order to swiftly achieve a
strong, sustainable and balanced growth pattern.
We reiterate our commitments to using all policy tools – monetary, fiscal and structural –
individually and collectively, to strengthen global demand and address supply constraints, while
continuing our efforts to put debt on a sustainable path. We reaffirm the important role of
mutually-reinforcing fiscal, monetary and structural policies, the three pronged approach, to
buttress our efforts to achieve strong, sustainable, and balanced growth. We concur on the
importance of strengthening our efforts in a cooperative manner to implement our fiscal
strategies flexibly to strengthen growth, job creation and confidence, while enhancing resilience
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