IMF official warns coronavirus will weigh on some economies for years
The novel coronavirus crisis is lasting longer than expected, and it will take some countries years to return to growth, the No. 2 official at the International Monetary Fund said Wednesday. The Fund has provided some $90 billion in total financing to 79 countries, including ...
G20 ministers agree on need to ease coronavirus border controls
Foreign ministers from the Group of 20 major economies confirmed Thursday the importance of easing border control restrictions imposed to reduce the risks of coronavirus infections, according to Saudi Arabia, president of the framework this year. The ministers "acknowledged the importance of opening borders, uniting ...
G20 finance chiefs warns of sharp contraction from pandemic
The Group of 20 also discussed extending its debt relief program for developing nations and new tax rules for online giants Google, Amazon, Apple and Facebook.
G20 finance chiefs hold teleconference on coronavirus pandemic
Finance Minister Taro Aso and Bank of Japan Gov. Haruhiko Kuroda participated with the aim of revisiting the issue of debt relief for developing countries.
G20 farm ministers vow to oppose measures disrupting global food supply
Farm ministers from the Group of 20 major economies on Tuesday vowed to oppose any restrictive measures that would threaten food security and disrupt global food supply chains amid the coronavirus pandemic. More than a dozen countries, including Russia, Cambodia and Thailand, have imposed export ...
G20 health ministers say pandemic reveals ‘systemic weakness’
Health ministers from the Group of 20 leading economies said the COVID-19 pandemic "has highlighted systemic weaknesses” in health readiness around the world. The officials commented in a communique issued from Riyadh after a teleconference hosted by Saudi Arabia. The ministers "addressed the need to improve ...
Make-or-break moment in coronavirus fight could happen this week
The world’s ability to check the coronavirus contagion and fully recover from the worst peacetime recession since the Great Depression may depend on what international economic policy makers decide this week. With emerging markets and developing nations facing health emergencies, collapsing demand and cash crunches, ...
It’s now or never for global leadership on COVID-19
A G20 task force and a donors conference are needed to raise and coordinate support to fight the pandemic.
Pandemics and the G20: One last shot at relevance
The Group of 20 has the right mix of member states to handle a global crisis like the coronavirus pandemic. The only question is whether it will take up the task.
G20 vows to inject $5 trillion into pandemic-hit global economy
Leaders from the Group of 20 economies said Thursday they would be pumping $5 trillion (¥542 trillion) into the world economy as part of a joint pledge to use all policy tools available to cushion the impacts of the global COVID-19 pandemic. To fight the ...
G20 finance chiefs and central bankers to develop COVID-19 action plan
Finance ministers and central bankers from the world’s 20 largest economies agreed Monday to develop an action plan to respond to the COVID-19 pandemic, which the IMF now expects to trigger a global recession, but disclosed no specifics. The G20 secretariat issued the statement after ...
G20 finance chiefs offer few reassurances on global economy amid coronavirus chaos
The epidemic shows no signs of abating in the world’s second-largest economy and fears over a wider regional outbreak continue to grow.
