FUKUOKA — Finance ministers from the Group of Seven economic powers agreed Saturday that governments need to maximize the benefits of the information technology revolution and minimize the risks through deregulation and coordinating their regulatory policies.
The G7 finance chiefs also agreed on specific measures to reform the International Monetary Fund, a crucial step that will strengthen the international financial system and is designed to prevent financial crises.
They also renewed their commitment to debt relief programs for the world's poorest countries and the international fight against money laundering and other abuses of the global financial system.