G20 leaders inject $ 5 trillion into the global economy to combat coronavirus

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RIYADH (Reuters) – Leaders of a group of 20 major economies pledged on Thursday to inject $ 5 trillion in financial spending into the global economy to reduce the economic impact of coronavirus and how to do it. anything needed to remedy a pandemic.

Saudi King Salman bin Abdulaziz speaks via video link during the virtual G20 summit on coronavirus disease (COVID-19), in Riyadh, Saudi Arabia March 26, 2020. Bandar Algaloud / Courtesy of Saudi Royal Court / Handout through REUTERS ATTENTION EDITORS PROVIDED BY A THIRD PARTY.

Showing more solidarity than ever since the 2008-2009 financial crisis that led to the creation of the G20, the leaders said they were committed to the videoconference summit to implement and Funding all necessary medical measures to prevent the spread of the virus.

In a statement that has been the most mediating language of trade for years, G20 leaders are committed to ensuring the flow of important medical supplies and other goods across borders and to address the supply chain disruption.

When many countries issued export bans on medical supplies, G20 leaders said they would coordinate responses to avoid unnecessary interference.

Emergency measures aimed at protecting health will be targeted, balanced, transparent and temporary, they said.

G20 leaders also expressed concern about the risks facing fragile countries, especially in Africa and populated refugees, acknowledging the need to strengthen the safety net of safety. national health and demand …

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