G7 Finance ministers and central bank governors response to COVID-19

The Treasury Department has released a statement of the G7 finance ministers and central bank governors. Excerpts: "Consistent with the direction from G7 Leaders, we are taking action and enhancing coordination on our dynamic domestic and international policy efforts to respond to the global health, economic, and financial impacts associated with the spread of the coronavirus disease 2019 (COVID-19). Collectively, G7 nations have already enacted a wide-ranging set of health, economic, and financial stability measures. We will do whatever is necessary to restore confidence and economic growth and to protect jobs, businesses, and the resilience of the financial system. We also pledge to promote global trade and investment to underpin prosperity....The G7 is committed to deliver the fiscal effort necessary to help our economies rapidly recover and resume the path towards stronger and more sustainable economic growth....Consistent with the direction from the G7 Leaders, finance ministries will coordinate on a weekly basis on the implementation of these measures and take further timely and effective actions."