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  • g20 leaders issue pledge to do 'whatever it takes' on coronavirus | world news

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See the news g20 leaders issue pledge to do 'whatever it takes' on coronavirus | world news from Source New York Times on 26/03/2020 has been updated to day with the theme on feedixo.

g20 leaders issue pledge to do 'whatever it takes' on coronavirus | world news

G20 leaders have committed to do “whatever it takes” to minimise the social and economic damage of the coronavirus pandemic, in a largely unspecific and uncontroversial joint communique issued after a video conference call.In a two-hour meeting the leaders agreed to assess gaps in pandemic preparedness and increase funding for research and development in vaccines and medicines, an area in which the G20 has shown an interest in the past.A call by the International Monetary Fund (IMF) for a doubling of its funding to $2tn was not addressed specifically in the communique. The statement said G20 members had undertaken a $5tn stimulus through targeted fiscal policy and insurance schemes, and members would look to increase funding to multilateral bodies as required. Central bank governors were urged to draw up an action plan in conjunction with finance ministers.G20 leaders, whose countries account for 80% of the world’s GDP, have been criticised for failing to produce a quick response to the pandemic of the quality of that in the aftermath of the 2008 financial crash.Their summit was due to be followed by a virtual meeting of EU leaders, whose countries were rebuked on Thursday morning by the...

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See the news g20 leaders issue pledge to do 'whatever it takes' on coronavirus | world news from Source New York Times on 26/03/2020 has been updated to day with the theme on feedixo.

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