G7 will seek to strengthen the global economy
The leaders of this block expressed their intentions to take measures in support of the current financial situation of the world in general
The G7 Ministers of Economy and Finance expressed their willingness to take measures, including those of a fiscal nature when appropriate, in support of the economy in response to the coronavirus, while the central banks of these countries will continue to support price stability and growth.
In a statement issued after the meeting held this week, the Economy Ministers and the central bankers of the G-7 reaffirmed “their commitment to use all appropriate political tools to achieve strong and sustainable growth, as well as protect against risks to low, “given the potential impact of Covid-19 on global growth.
In this regard, in addition to strengthening efforts to expand health services, “the G7 Finance Ministers are ready to take action, including fiscal measures when appropriate, to assist in the response to the virus and support the economy during this phase”.
In addition, the G7 central banks, including the European Central Bank (ECB), the Fed, the Bank of England and the Bank of Japan, will continue to fulfill their mandates, thus supporting price stability and economic growth while maintaining the resilience of the financial system.
“The finance ministers and the governors of the central banks of the G-7 are ready to cooperate more in timely and effective measures”, says the text published.
K. Tovar
Source: dpa
