WASHINGTON (voa) – Finance officials from the world’s wealthiest industrial nations say the global economy is on the mend, although they cite rising oil prices as a risk to the recovery.
The Group of Seven countries issued their generally optimistic forecast Saturday after their meeting in Washington.
The G-7 officials say Japan’s stagnant economy could also threaten the recovery, and say they are concerned about the economic situation in Argentina.
Of other issues discussed, the G-7 officials agreed on better cooperation to choke off terrorist financing.
U.S. Treasury Secretary Paul O’Neill says the officials also narrowed, but did not eliminate differences regarding a U.S. proposal to turn more World Bank loans into grants.
The meeting of treasury secretaries and central bank chiefs from Britain, Canada, France, Germany, Italy, Japan and the United States took place on the sidelines of this weekend’s World Bank and International Monetary Fund meetings.
