G20 members to inject 5 trillion USD into global economy

The  agreed at today’s virtual summit to devote 5 trillion USD to the global economy in the form of targeted fiscal policy, economic measures and guarantee schemes to mitigate the social, economic and financial impacts of the new coronavirus pandemic.

„Combating this pandemic calls for a transparent, robust, coordinated, large-scale and science-based global response in the spirit of solidarity,“ the G20 said in a joint statement after the summit.

They ensured to do their best to work with international institutions such as the International Monetary Fund, the World Health Organization and regional banks.

Support was also promised to developing countries.


Source: STA

Photo: Pixabay