G7 nations unite in bid to stabilize markets, issue joint statement
- The finance ministers and central bank governors of the Group of Seven (G7) leading economies have pledged to work together to stabilize global markets.
- Post By Ivan Kolekevski
- 10:37, 23 May, 2025

Banff, 23 May 2025 (dpa/MIA) - The finance ministers and central bank governors of the Group of Seven (G7) leading economies have pledged to work together to stabilize global markets.
In a final declaration issued on Thursday, the G7 top finance officials said they aim to pursue common political goals in the face of complex global challenges.
The meeting, held in the Canadian resort town of Banff, was described as "a productive and frank exchange on the global economy, unsustainable global imbalances and ways to promote growth and productivity."
The communiqué noted that while uncertainty in trade and economic policy has somewhat eased, sustained cooperation is needed to safeguard progress.
"We must continue to collaborate to tackle shared challenges, ensure strong and stable global growth, and achieve our common goals," said Francois-Philippe Champagne, Canada's finance minister.
The G7 includes Germany, France, Britain, Italy, Japan, Canada and the United States.
Amid tensions over Washington's aggressive tariff stance, it had initially been unclear whether a joint statement would be possible.
Nevertheless, the communiqué was agreed upon and also strongly condemned Russia's ongoing war against Ukraine, reaffirming the G7’s steadfast support for Kiev.
Photo: dpa