Finance ministers from the Group of Seven (G7) nations have committed to sustaining their support for the ongoing economic recovery. In a joint statement released following their meeting, the ministers highlighted the importance of continued coordinated efforts to foster sustainable and balanced global growth.
Key Discussion Points
- Economic Recovery: The ministers acknowledged the signs of improvement in the global economy but cautioned against premature withdrawal of stimulus measures.
- Financial Regulation: Discussions focused on strengthening financial regulation to prevent future crises and ensure the stability of the financial system.
- International Cooperation: The G7 reaffirmed its commitment to close international cooperation in addressing global economic challenges.
Specific Measures
The G7 finance ministers outlined several specific measures to support the recovery, including:
- Maintaining accommodative monetary policies.
- Implementing fiscal policies that support demand.
- Working together to address global imbalances.
The ministers agreed to continue monitoring the global economic situation closely and to take further action as needed to ensure a strong and sustainable recovery.