• Coronavirus, the IMF mobilizes 50 billion dollars. Contagions are falling in China
  • Coronavirus. OECD: "Scenario gets worse, Marshall Plan is needed"
  • Coronavirus. ECB: "Pandemic is extreme economic shock, ambitious plan needed"
  • Coronavirus: the EU arrives divided at the top, clash on the coronabond

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March 26, 2020 "The G20 will inject $ 5 billion into the world economy to overcome the" social and economic "impact of coronavirus - reads the note at the end of the summit - the virus has no boundaries. Fighting it requires a transparent global response, robust, coordinated in the spirit of solidarity. We are committed to a united front against this common threat. "

The Covid-19 pandemic, the 20 leaders write in the final document of today's meeting, is "unprecedented" and "does not respect borders". It must be fought with "a transparent, robust, coordinated, large-scale and science-based and solidarity-based global response". Countries are therefore "strongly committed to presenting a united front against this common threat".

The G20 - the leaders' document continues - is committed to doing everything necessary to overcome the pandemic, together with the World Health Organization (WHO), the International Monetary Fund, the World Bank, the United Nations and other international organizations. We are determined not to spare efforts, whether individual or collective, to protect lives, safeguard jobs and incomes, restore confidence, preserve financial stability, boost growth and a stronger recovery, minimize trade and chain disruptions. procurement, providing help to all countries that need it, coordinating public and financial health measures. "

Von der Leyen-Michel: "G20 key role for rapid and global action"
"Unprecedented events require unprecedented action. Global, rapid, massive and coordinated action is necessary in health and economic terms to save lives and avoid a further economic crisis. The G20 has a fundamental role in ensuring such coordination global". This is what we read in a joint note by the President of the European Council, Charles Michel and the European Commission Ursula von der Leyen after the extraordinary G20 summit on Coronavirus. Michel and von der Leyen added that "in order to limit the economic impact on our economies - and to maintain our ability to produce and supply the necessary protective and medical equipment - it is essential to keep trade flows and supply chains open and avoid any new restrictions. " "The EU has invited G20 members to help each other in repatriating citizens stranded abroad who wish to return home."

Unprecedented events call for unprecedented action. Fast, massive and coordinated global action is necessary on the health and economic fronts to save lives and avoid a further economic crisis. # G20VirtualSummit statement with @eucopresident Charles Michel
⬇️ https://t.co/AaWMZ79KKo

- Ursula von der Leyen (@vonderleyen) March 26, 2020
IMF: "Supporting families and SMEs. Rich countries help the poorest"
We need to support "families and large and small businesses so they can stay afloat and get back to work quickly. Otherwise it will take years to overcome the effects of widespread bankruptcies and layoffs." This is what the IMF general manager Kristalina Georgieva said during the extraordinary G20 summit. "This support will accelerate the eventual recovery, and put us in a better position to face challenges such as excess debt and trade flows," he added.

The International Monetary Fund therefore reiterated the need for richer countries to help poorer ones to overcome the health and financial crisis caused by the pandemic. The G20 has 'already taken extraordinary measures' but it is 'fundamental to recognize the importance of helping emerging markets and developing economies' to overcome this moment, the Fund's chief executive said. Georgieva reiterated that the IMF expects' a contraction of global production in 2020 and a recovery in 2021 'and underlined how the extent of the contraction and how fast the recovery will be' depends on the speed of containment of the pandemic and how strong and our monetary and fiscal policy actions will be coordinated. '