G7 finance ministers held an online meeting on Monday to discuss coronavirus responses. Following the meeting, a spokesperson for the US Treasury said that G7 ministers noted improvements in economic conditions across G7 economies.
Additional takeaways
“G7 finance ministries remain in regular contact and continue to coordinate on timely and effective actions in response to the COVID-19 pandemic.”
G7 ministers call for all official bilateral creditors to fully implement G20 debt service suspension initiative, reiterated support for the Paris Club Memorandum of Understanding.”
“G7 ministers agreed to advance debt data transparency and consider additional options for low-income countries.”
Market reaction
These remarks don’t seem to be having a significant impact on market sentiment. As of writing, the S&P 500 Index was up 0.29% on a daily basis at 3,382.
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