G20 member countries announced plans to inject “more than $ 5 trillion” into the global economy to “counter the social, economic and financial impact of the pandemic” of the new coronavirus at a virtual summit emergency Thursday.
“We are firmly resolved to present a united front against this common threat,” added the representatives of the major world powers in a statement issued after the videoconference meeting chaired by King Salman of Saudi Arabia.
The global toll of the Covid-19 pandemic has exceeded 21,000 dead and locked up in their homes in an unprecedented way more than three billion people.
The meeting came at a time when the major powers are working to mitigate the effects of the pandemic on their own economies, such as the United States, Germany or Saudi Arabia which is chairing the G20 this year.
The 20 largest economies in the world have also announced that they will work with international organizations “to deploy a solid, coherent, coordinated and swift set of financial measures.”
They also called on these institutions, including the World Health Organization (WHO) and the International Monetary Fund (IMF), to “help emerging and developing countries cope with the health, economic and social shocks of the Covid- 19 “.