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G7 top financial leaders pledge to bring inflation under control, help countries struggling with onerous debts & strengthen financial systems

Tokyo, May 13:-- The Group of Seven's (G7) top financial leaders have pledged to bring inflation under control, help countries struggling with onerous debts and strengthen financial systems. The G7 Finance Ministers and Central Bank Chiefs ended three days of talks in Niigata, Japan today, with a joint statement, committing to build more stable, diversified supply chains for developing clean energy sources and to enhance economic resilience globally against various shocks. They also expressed their support for Ukraine and their determination to enforce sanctions against Russia for its aggression but stopped short of any overt mention of China.

 

 

The finance leaders’ talks laid the groundwork for a Summit of G-7 leaders in Hiroshima next week. United States  President Joe Biden is expected to attend despite a crisis over the U.S. debt ceiling that could result in a national default if it is not resolved in the coming weeks.
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