The Ministers of Finance and Central Bank Governors of France, Germany,
Japan, the United Kingdom, and the United States announced today that they
had met to discuss a range of international economic and financial issues.
The meeting, part of a regular series of consultations among these countries
on economic and financial matters of mutual interest also involved IMF
Managing Director de Larosiere for a discussion of the economic policies
and prospects of the major industrial countries.
The Ministers and Governors, noting the recent developments in the exchange
markets, expressed their commitment to work toward greater exchange market
stability. Toward this end, the Ministers and Governors:
The Ministers and Governors believe that this approach will provide
a solid framework for sustaining recovery, reducing inflation, increasing
employment, and achieving greater exchange rate stability.
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