KONIGSWINTER (Germany) Group of Seven (G-7) financial leaders are likely to agree to help Ukraine pay its bills in the coming months, but surging inflation, climate change, supply chains and the impending food crisis are also on the agenda.
Finance ministers and central bank governors of the United States, Japan, Canada, Britain, Germany, France and Italy are holding two days of talks that end today as Ukraine, invaded by Russia on Feb 24, is struggling to fend off the attack and running out of cash.
"We have to secure the liquidity of the Ukrainian state," German Finance Minister Christian Lindner, whose country holds the rotating presidency of the group, told reporters on entering the talks.
"I am quite optimistic that we will be able at this G-7 meeting to raise the funding which would allow Ukraine to defend itself over the next months," he said.
This story is from the May 20, 2022 edition of The Straits Times.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the May 20, 2022 edition of The Straits Times.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Lolla, Seroja debut on Asia's 50 Best Restaurants list
Two Singapore restaurants made their debut on Asia's 50 Best Restaurants list, announced on March 26 in Seoul, South Korea.
'FANS SEEING THE FIGHT'
Hariss says coach Ogura has made a difference with the Lions’ battling shows
No sweat for champion Medvedev and young guns
MIAMI The Miami Open men's draw is shaping up to be a battle of the defending champion and the young guns, as Daniil Medvedev, Carlos Alcaraz and Jannik Sinner all marched into the quarter-finals with convincing victories.
DAVIS LEADS IN 'TEAM WIN'
Lakers’ star defies injury to down Bucks in thriller and keep post-season hopes alive
Renewed investor interest in Indonesia's proposed new capital
This comes after Prabowo’s presidential win as he had pledged to develop Nusantara
Committee to connect women entrepreneurs with mentors
Knowledge-sharing, networking to help level playing field for women in start-ups
S'pore stocks close higher again despite Wall Street declines
STI rises 0.6%; gainers outnumber losers 289 to 270
Most firms face cyber incidents but lack basic security measures: Study
Many lack knowledge, worry about costs, express scepticism over likelihood of attacks
US-China rivalry overshadows Boao economic forum
Panellists allude to backdrop of great power competition affecting domains including Al
US shift in policy on Israel directed against Netanyahu
It is also aimed at boosting Biden's bid for re-election amid public opinion on Gaza war