G20 determined to use all tools to contain pandemic, save jobs, incomes
G20 nations vowed to continue doing everything possible to contain the COVID-19 pandemic, warning in excerpts of a draft communique that the global economic recovery remains “uneven, highly uncertain, and subject to elevated downside risks.”
A final statement will be released by leaders from the United States, China and other Group of 20 nations after they meet by video conference on Saturday.
In the draft, the leaders noted that the coronavirus crisis had hit the most vulnerable in society the hardest, and said some countries may need debt relief beyond a temporary freeze in official debt payments that ends in June 2021.
Source: Reuters (Reporting by Jan Strupczewski and Andrea Shalal)