The finance chiefs of the Group of Seven industrialized economies are likely to confirm this weekend that they will cooperate in steering fiscal and monetary policies for global economic growth, despite criticism by some emerging nations about their drastic credit easing tactics.
Finance ministers and central bank governors from Britain, Canada, France, Germany, Italy, Japan and the United States are also expected to discuss banking regulations to prevent a recurrence of the global financial crisis ushered in by the bankruptcy of U.S. investment bank Lehman Brothers Holdings Inc. in 2008.
The G-7 finance leaders, scheduled to open a two-day meeting Friday in Buckinghamshire near London, plan to exchange views on the global economy at a time when growth in some of the developed countries is slowing, diplomatic sources said.