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G7 countries pledge to cooperate to fight coronavirus downturn – Business Live | Business
We, the G7 finance ministers and central bank governors, are closely monitoring the spread of coronavirus disease 2019 (COVID-19) and its impact on markets and economic conditions.
Given the potential impacts of COVID-19 on global growth, we reaffirm our commitment to use all the appropriate political tools to achieve strong and sustainable growth and to guard against downside risks. Along with strengthening efforts to expand health services, G7 finance ministers are ready to take action, including fiscal measures, if necessary, to help fight the virus and support the economy in during this phase. G7 central banks will continue to fulfill their mandates, thereby supporting price stability and economic growth while maintaining the resilience of the financial system.
We welcome the readiness of the International Monetary Fund, the World Bank and other international financial institutions to assist member countries in coping with the human tragedy and the economic challenge posed by COVID-19 by using as much as possible instruments they have.
The G7 finance ministers and central bank governors are ready to cooperate further on timely and effective measures.
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
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