G20 countries vow to inject 5 tln USD into coronavirus-hit global economy

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Photo/Shetuwang

G20 countries announced on Thursday the injection of over 5 trillion U.S. dollars into the global economy to cushion the impact of the novel coronavirus.

"The steps to support our economies also include protecting workers, businesses, especially micro-, small and medium-sized enterprises, and the sectors mostly affected," according to a statement by the extraordinary G20 leaders' virtual summit in Riyadh on Thursday.

The move comes as part of targeted fiscal policy, economic measures, and guarantee schemes to counteract the social, economic and financial impacts of the pandemic, added the statement.

 

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Editor: Gao Han