25 September 2001
Text: G-7 Finance Ministers' Statement on Terrorist Financing
(Strategy to disrupt funding sought, say ministers) (410)
Finance ministers of the Group of Seven (G-7) leading industrial
countries appealed to all nations to cooperate in fighting terrorist
financing.
In a September 25 statement, ministers from Canada, France, Germany,
Italy, Japan, the United Kingdom, and the United States promised to
integrate national action plans to freeze the assets of terrorists and
their associates and to pursue a comprehensive strategy to disrupt the
financial infrastructure of terrorism.
They also said they wanted the United Nations (UN) to implement
sanctions on terrorist financing more forcefully and asked its
financial task force to start dealing with terrorism issues.
The ministers said that the September 11 terrorist attacks in New York
and Washington were likely to delay economic recovery in the United
States but added they expected the economy to begin growing again in
the near future.
Following is the text of G-7 finance ministers' statement:
(begin text)
The Department of the Treasury
September 25, 2001
STATEMENT OF G-7 FINANCE MINISTERS
We held a conference call today to discuss the economic and financial
situation in our countries and our common cause in strengthening the
international fight against the financing of terrorism.
For the US economy, we reported that the events of September 11 will
delay the recovery that was underway. However, our economic policies
and fundamentals remain strong and we expect a near-term return to
sustained economic growth and stable financial markets.
Since the attacks, we have all shared our national action plans to
block the assets of terrorists and their associates. We will integrate
these action plans and pursue a comprehensive strategy to disrupt
terrorist funding around the world.
We welcome the actions taken by other countries in recent days and
call on all nations of the world to cooperate in this endeavor.
In particular, we stressed the importance of more vigorously
implementing UN sanctions on terrorist financing and we called on the
Financial Action Task Force to encompass terrorist financing into its
activities.
We will meet in the United States in early October to review economic
developments and ensure that no stone goes unturned in our mutual
efforts to wage a successful global campaign against the financing of
terrorism.
(end text)
(Distributed by the Office of International Information Programs, U.S.
Department of State. Web site: http//usinfo.state.gov)
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