Washington, April 17 (SANA) Finance ministers and central bank governors of the Group of Seven (G7) countries on Thursday called for efforts to limit the global economic impact of prolonged conflict in the Middle East, urging progress toward lasting stability in the region.
Reuters quoted a statement issued after a meeting in Washington held under France’s G7 presidency as saying there was full consensus on the urgent need to reduce the economic fallout from global conflicts and to advance efforts toward peace.
The French Ministry of Finance said officials also discussed securing supply chains for critical minerals and addressed the implications of the war in Ukraine, on the sidelines of the spring meetings of the International Monetary Fund and the World Bank.
The International Monetary Fund warned in a report earlier on Thursday that disruptions to energy supplies caused by regional tensions could weigh heavily on regional economies, particularly oil and gas exporters, while importers face shocks from higher commodity prices and lower remittance inflows.
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