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G20 countries to inject $5 trillion into global economy

The G20 countries will inject $5 trillion into the global economy to overcome the effects of the coronavirus, according to a declaration circulated after today's videoconference meeting of the group's leaders cited by global agencies.
The G20 will continue large-scale financial support and their joint actions will increase its effect, provide synergy and common synergy, the document states, BTA reports.

G20 leaders will ask finance ministers and central bankers to coordinate their actions regularly with international organisations to develop an action plan in response to the coronavirus. The group will ask the International Labour Organisation (ILO) and the Organisation for Economic Development and Cooperation (OECD) to monitor the impact of the pandemic on the employment of people in the world.

G20 leaders are committed to continuing to counter the risk of vulnerability to debt in low-income countries as a result of the coronavirus.

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