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G20 finance leaders working on action plan to deal with debt issues sparked by virus outbreak
Updated: 2020-04-01 09:55:47 KST
The top finance chiefs and central bankers of G20 countries say they'll present a coronavirus action plan in the next two weeks,… to address the debt vulnerabilities of the emerging economies and provide financial support to those countries.
During their second video conference Tuesday, their second in just over a week,… they talked about how the IMF and the World Bank could ease the lack of liquidity in growing economies, which have already witnessed a combined capital outflow of some 83 billion U.S. dollars.
The G20 will also work with the group's Financial Stability Board to coordinate regulatory and supervisory measures taken in reaction to the COVID-19 crisis.
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