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G20 says must get COVID-19 under control to support global recovery

Wed, 14th Oct 2020 15:27

WASHINGTON, Oct 14 (Reuters) - Financial leaders from the
Group of 20 major economies on Wednesday underscored the urgent
need to bring the spread of the coronavirus pandemic under
control, and vowed to "do whatever it takes" to support the
global economy and financial stability.

In a lengthy communique, G20 finance ministers and central
bank governors also said they would continue to address the
disproportionate impact the crisis has said on women, young
people and other vulnerable segments of society across the
world.

They agreed to extend a freeze in official bilateral debt
payments by six months, given continued liquidity pressure on
low-income countries, and expressed disappointment about the
absence of private sector creditors in the moratorium.
(Reporting by Andrea Shalal, Christian Kraemer and Jan
Strupczewksi
Editing by Chizu Nomiyama)

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