In Brief : Group of 7 Finance Ministers Invited
The United States has invited finance ministers from six of its largest allies to meet in Washington on Feb. 3 to review the global economic situation, a Treasury Department official said today.
President-elect Bush, who will be sworn in Friday, has said he wants to have a review of the problem of Third World debt, which now has reached $1.3 trillion.
The meeting of the so-called Group of Seven, or G-7, would bring together Treasury Secretary Nicholas F. Brady’s counterparts from Japan, West Germany, Britain, France, Italy and Canada.
The official, who spoke only on condition of anonymity, said the meeting also would allow the new members to get better acquainted.
Brady, who took over the post last summer, met other G-7 members last September in Berlin. Tatsuo Murayama took over as Japanese finance minister Dec. 27.
The Treasury official said he doesn’t expect that the meeting will issue a formal statement. Such statements in the past have had big effects on international money markets.
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