G20: Pumping 5 trillion to Protect the Global Economy

  • International
  • 27 March 2020
1

During the extraordinary G20 summit called by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, leaders of the G20 adopted pumping 5 trillion to protect the global economy.

The G20 leaders announced their commitment to restore confidence in the global economy and achieve growth, stressing that addressing the health, economic and social impacts of the Corona pandemic is a priority for us.

The G20 leaders instructed trade ministers to assess the effects of the Corona epidemic on trade, reaffirming the commitment to open markets.

In addition, reference was made to reducing disruptions in international trade and supply chains. The G20 leaders announced that they support the regulatory measures taken to protect the financial system, considering that the response will restore the global economy to its threshold.

On the other hand, the leaders stressed the commitment to continue to work to facilitate the international trade through strong and immediate measures to protect workers and small and medium enterprises.

They also expressed their commitment to provide immediate resources to the Corona pandemic response fund.

Source (Al-Arabiya.net Website, Edited)