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G20 to discuss Covid crisis today

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The world’s financial leaders will discuss on Wednesday how to coordinate policies to prevent their virus-battered economies emerging from recession at highly different speeds, officials said ahead of the virtual meeting.

When finance ministers and central bank governors of the world’s top 20 economies hold their video-conference the patchy response to the ongoing Covid-19 crisis will be high on their agenda, officials from the Italian presidency said.

Italy, which chairs the G20 this year, held a briefing ahead of the meeting and officials said the group would reaffirm the need not to ease stimulus measures too soon and discuss how to help debt-laden poor countries, according to Reuters.

 

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