G7 finance ministers pledge to ensure financial stability

Al-Anbat - Raghad Saad

Finance ministers from the Group of Seven major industrialized countries pledged today, Saturday, to take action to ensure financial stability, after a series of US bank failures raised concerns. 

In a joint statement after their 3-day meeting in Niigata, northwest of the Japanese capital, Tokyo, reported by the Japanese news agency "Kyodo", finance ministers and central bank governors of the Group of Seven said they would continue to monitor developments in the financial sector with regulators. 

The seven major industrialized countries confirmed that they will make efforts to build strong supply chains with developing countries by the end of the year.