THE G20 Finance Ministers and Central Bank Governors agreed Tuesday on delivering a roadmap in response to the novel coronavirus. The ministers met Tuesday through a virtual meeting following the Extraordinary G20 Leaders’ Summit held on March 26, a statement by the G20 Saudi secretariat said. They also discussed the role of the International Monetary Fund the World Bank Group and other international financial institutions to deploy all available resources and explore additional measures needed to support emerging markets and developing economies amid the COVID-19 outbreak. The measures include supporting financial stability and alleviating liquidity constraints. The officials welcomed the World Bank Group’s readiness to deploy as much as US$160 billion over the next 15 months to support its member countries to respond to issues. (Xinhua) |