G7 finance chiefs say it is urgent to limit Middle East war's cost to global economy

BY Reuters | ECONOMIC | 05:34 PM EDT

WASHINGTON, April 16 (Reuters) - Finance chiefs of the Group of Seven nations on Thursday said it was urgent to limit the cost to the global economy of an enduring Middle East war and "reaffirmed the pressing need to move toward a lasting peace."

The war was among three key topics of discussion among the finance ministers and central bank governors on the sidelines of the spring meetings of the International Monetary Fund and World Bank Group that are underway in Washington.

They also discussed securing supply chains for critical minerals and supporting Ukraine in the face of continuing Russian aggression, according to a statement issued by the finance ministry of France, which holds this year's G7 presidency.

(Reporting by Dan Burns and Jan Strupczewski; Editing by Paul Simao)

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article