Finance chiefs from the Group of Seven met on Thursday-Sunday in Japan for talks mostly centered on reaffirming a pledge not to deliberately weaken their currencies, Bloomberg reports. Washington issued a stern warning against Tokyo acting to weaken its currency (FT, paywall) during the meetings, according to the FT (paywall), but beyond currencies, the G-7 didn’t agree on how best to revive the world’s economy. They did manage to agree that if “U.K. voters decide in a June referendum to leave the European Union, it would be the wrong decision and hurt the country’s economic growth.”

However, something solid did come out of the talks, as the World Bank launched its first-ever insurance market to help protect the poorest countries from pandemics, according to a statement on Saturday. The new Pandemic Emergency Financing Facility (PEF) would see new diseases automatically trigger a USD 500 mn fund to fight back after the World Bank. G7 hosts pledged an initial USD 50 mn over three years to fund the system. The PEF is expected to be operational this year.

On the sidelines of the meetings, a rough compromise deal was sketched that would see Greece’s international creditors drastically scale back the IMF’s exposure to the country by means of an EU buyout of up to EUR 14bn in IMF bailout loans and “front-load some concessions to Athens before 2018 in an attempt to end a protracted IMF-Germany stand-off over the [EUR 86 bn] bailout,” according to the Financial Times (paywall).