Declaration of financial stability of the G7 countries
The finance ministers and central bank governors of the G7 countries, made up of the US, Germany, England, Canada, France, Italy and Japan, made a joint statement after the meeting they held in Washington, the US capital. USA
In the statement, which indicated that the latest developments in the world economic and financial sector were discussed at the meeting, it was noted that the determination to maintain macroeconomic and financial stability was reiterated.
“WE ARE READY TO TAKE THE RIGHT STEPS”
Noting that global economic growth has proven more resilient than expected, it was said that inflation remains high and central banks remain firmly committed to maintaining price stability.
Stating that the latest developments in the financial sector show the uncertainty regarding the global economic outlook and the need for vigilance, it was emphasized that the resilience of the financial system, which was supported by the rapid responses of relevant authorities and regulatory reforms implemented after the global financial crisis of 2008, was emphasized.
“We will continue to closely monitor developments in the financial sector and stand ready to take appropriate measures to maintain the stability and resilience of the global financial system,” the statement said. expression was used.
Emphasis on INCREASING THE RESISTANCE OF THE SUPPLY CHAIN
Reiterating support for Ukraine and condemnation of Russia’s war, the statement emphasized determination to implement sanctions and other economic measures against Russia.
We are committed to empowering low- and middle-income countries to play a greater role in their supply chains, while increasing supply chain resilience will help maintain macroeconomic stability and make economies more sustainable through world level.
Noting that we will work to address debt vulnerabilities, strengthen the global health architecture and combat climate change, it was stated that we will work with G20 members and international partners on the reform of multilateral development banks. (AA)