Where Does the G8 Get its Money?
The host country covers the costs of both the Summit and the preparatory meetings. Summit costs have skyrocketed in recent years due to increased security concerns. The 2002 Summit in Kananaskis, Alberta, was estimated to cost around $300 million, compared to $25 million when Halifax hosted the Summit in 1995. The cost of the 2000 Summit in Okinawa, Japan, was reported to be US$750 million.[4] Funding for specific G8 initiatives, such as the Global Fund to Fight AIDS, Tuberculosis, and Malaria, is based on agreed contributions from the member countries and any other governments that are involved. <--Back to Top Who Speaks for Canada at the G8? Because the G8 is not a formal international institution, Canada is not represented by an Executive Director or Ambassador at the Groups meetings. Instead, a wide range of people represent Canada in the various multilateral meetings that make up the G8 negotiations. At the Summit, the Prime Minister speaks for Canada, but during the negotiations
