G-7 Pledges Greater Policy Cooperation as Risks Mount, Draft Communique Says
- G-7 finance ministers, central bank chiefs meet in Washington
- Draft statement notes increased volatility in exchange rates
A sign for the Group of Seven.
Photographer: Liesa Johannssen-Koppitz/BloombergThis article is for subscribers only.
The Group of Seven aims to enhance policy cooperation in an effort to address a further slowdown in the global economic recovery as risks continue to mount, according to a draft communique.
The G-7 also pledged to preserve financial stability, and said it’s important for regulators to remain vigilant to guard against rising systemic risks as financial conditions tighten, according the draft, a copy of which was obtained by Bloomberg. The group also noted that policies to support sustainable economic recoveries will need to pay due consideration to country-specific circumstances.