(MENAFN- Qatar News Agency) he Group of Seven finance ministers and central bank governors will begin discussions in the UK on Friday on coordinating policies to stimulate growth while maintaining fiscal consolidation.
Banking reforms will be top of the agenda at the two-day meeting, which is being held close to London, according to the BBC. March's emergency rescue of Cyprus will still be fresh in ministers' minds. The meeting is a rarity, because in recent years the G7 have tended to get together on the sidelines of the G20 and the International Monetary Fund (IMF) meetings.
The G7 is comprised of the United States, Germany, Japan, the UK, Italy, France and Canada. UK Chancellor George Osborne, who will be chairing the meeting, said: "We will be talking about how to nurture the recovery. "There is no doubt that there is greater stability - and that is reflected in financial markets - than perhaps there was last year." The meeting will be informal and there will be no communiqu?.
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