The world's leading economies have pledged renewed multilateral cooperation to tackle growing threats to global economic stability stemming from the war in the Middle East, after high-level talks in Paris that also exposed strains between the United States and several of its allies.
Issued on: 19/05/2026 - 18:38
3 min Reading time
Finance ministers and central bank governors from the G7 met in Paris on Tuesday as economies worldwide grapple with the fallout from the US-Israeli war on Iran. European nations are also growing increasingly uneasy over the sweeping tariffs introduced by President Donald Trump's administration and what some see as a softening US stance towards Russia. France's finance minister, Roland Lescure, described the discussions, which were attended by US Treasury secretary Scott Bessent, as frank but productive. "We have had frank, sometimes difficult, direct discussions to find long-term and short-term solutions to major global economic challenges in order to guarantee economic stability," Lescure said after the meeting.
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