G20 leaders to inject $5 trillion into global economy in fight against coronavirus

Euractiv | Mar 27, 2020 at 6:53 AM
  • Leaders of the Group of 20 major economies pledged on Thursday (26 March) to inject over $5 trillion into the global economy to limit job and income losses from the coronavirus and “do whatever it takes to overcome the pandemic”.
  • Saudi Arabia, the current G20 chair, called the video summit amid earlier criticism of the group’s slow response to the disease.
  • On the health response, the G20 leaders committed to close the financing gap in the WHO’s response plan and strengthen its mandate as well as expand manufacturing capacity of medical supplies, strengthen capacities to respond to infectious diseases, and share clinical data.