G20 finance leaders to meet virtually and review pandemic fallout – The National

G20 finance leaders to meet virtually and review pandemic fallout – The National

Finance ministers and central bank governors will discuss on April 15 joint actions to stabilise markets and support businesses. G20 finance ministers and central bank governors will meet this week to discuss and take urgent joint actions needed to address the impact of the coronavirus pandemic on the global economy.. The April G20 finance ministers and central bankers' meeting is held in Washington on the sidelines of the spring meetings of the International Monetary Fund and World Bank, which are also being held virtually this year as a result of the pandemic.. The aim is to "safeguard the stability of the global economy and financial markets, restore confidence, and prevent deep and prolonged negative economic impacts", the G20 said in a statement.. The meeting the week follows a video conference of finance ministers and central bank governors on March 24, which ended with an agreement to develop a G20 action plan in response to the coronavirus.. Ministers agreed to closely monitor the pandemic, its effects on financial markets and act further to support the global economy.. "Since the last meeting of G20 finance ministers and central bank governors in February, the global economy outlook has significantly deteriorated," Saudi Arabia's Finance