OTTAWA - Finance ministers and central bank governors of the Group of Seven (G7) concluded their meeting Thursday in Banff, Canada, calling for unity to meet the current global challenges.

According to a news release issued by Canada's finance ministry, a communique was issued emphasizing the importance of G7 unity in the face of complex global challenges.

In advance of the Leaders' Summit next month in Kananaskis, Alberta, the meeting included a productive and frank exchange on the global economy, unsustainable global imbalances, and ways to promote growth and productivity, it said.

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"Canada came to this 50th meeting with clear priorities: fostering growth and restoring stability to the global economy," said Minister of Finance Francois-Philippe Champagne.

As a platform for major economies to coordinate responses to global crises, the G7 consists of Canada, France, Germany, Italy, Japan, Britain and the United States.

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G7 finance ministers and central bank governors meet each year to discuss key economic policy issues that require international coordination.