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G20 nations pledge 'united front' on coronavirus crisis

AFP  |  Riyadh 

G20 nations on Thursday pledged a "united front" in the fight against the coronavirus pandemic, and said they were injecting USD 5 trillion into the global economy to counter the impact of the crisis.

"We are injecting over USD 5 trillion into the global economy, as part of targeted fiscal policy, economic measures, and guarantee schemes to counteract the social, economic and financial impacts of the pandemic," the leaders said in a statement after an emergency online summit.

They also pledged to work swiftly with multilateral bodies such as the International Monetary Fund, the World Health Organization and regional banks to deploy a "robust" financial package to support developing nations.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 26 2020. 20:42 IST