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International Monetary Fund. External Relations Dept.

T he IMF should seek to wean countries from their longer-term dependence on its funding and encourage them to turn more to capital markets, according to a statement issued by the Group of Seven finance ministers after their meeting in Fukuoka, Japan, on July 8. The meeting was part of the preparations for the economic summit of the Group of Eight to be held in Okinawa on July 2123. Discussion also focused on the impact of the information technology revolution on the global economy and finance, and steps needed to strengthen the international financial

International Monetary Fund. External Relations Dept.

develop Iraq, based on a needs assessment led by the World Bank, at the donors conference in Madrid next month. We support the IMF and the World Bank’s rapidly providing, subject to their policies, financial and other assistance to Iraq and call upon regional financial institutions to do likewise. We call upon the Paris Club to make its best effort to complete the restructuring of Iraq’s debt before the end of 2004. We urge all non-Paris Club creditors to cooperate. Agenda for growth We, the G-7 [Group of Seven] finance ministers and central bank governors, have

International Monetary Fund. External Relations Dept.
The Group of Seven Finance Ministers and Central Bank Governors met in Canada on February 8–9 to discuss the global economy, the importance of fostering development, and ongoing efforts to combat the financing of terrorism. The Managing Director of the IMF participated in the meeting.