Sunak to Urge G-7 Counterparts to Coordinate Over Supply Issues

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U.K. Chancellor of the Exchequer Rishi Sunak is using his first official visit to the U.S. in the role to urge major economies to collaborate over tackling the supply disruptions hampering global growth.

Sunak will issue a plea to make supply chains more resilient when he chairs an in-person meeting of Group of Seven finance ministers in Washington, according to a statement released by his office in London.

The call reflects alarm about the impact of shortages triggered by economies returning to life following the coronavirus pandemic. The International Monetary Fund, which is holding its annual meetings with the World Bank, on Tuesday expressed concern the global recovery has lost momentum and warned of mounting threats to growth.