G7 leaders pledge stronger cooperation on global debt crisis at Évian summit

ÉVIAN-LES-BAINS, France — Leaders of the Group of Seven committed at a summit in the French town of Évian-les-Bains to strengthening international efforts to address rising global debt risks. In a joint statement, they called for expanded support to debt-burdened countries, particularly states that continue to struggle to attract investment despite running economic reform programs. The statement urged international financial institutions to broaden their risk-sharing instruments and to work with the G20 on orderly and transparent debt restructuring for fragile and middle-income economies. Leaders also stressed the need to make the international financial system more effective and transparent. The communiqué said private investment and blended finance should be encouraged to back long-term development projects, alongside efforts to strengthen infrastructure and supply chains. The leaders framed these measures as contributions to sustainable economic growth. No further details on specific funding mechanisms or timelines were immediately available.