Adds particulars from assertion, G20 assembly in Riyadh, Fed transfer
WASHINGTON, March 6 (Reuters) – G20 finance ministers and central financial institution governors on Friday pledged to take “applicable” fiscal and financial measures in responding to the coronavirus outbreak and to guard financial development in opposition to shocks.
In a joint assertion issued by G20 chair Saudi Arabia, the ministers, who met in Riyadh final month, stated they welcomed measures and plans already put ahead by international locations to assist financial exercise.
“We’re able to take additional actions, together with fiscal and financial measures, as applicable, to assist within the response to the virus, assist the financial system throughout this part and keep the resilience of the monetary system,” the group stated.
The G20 assertion, which was verified by a U.S. Treasury spokeswoman, follows an analogous pledge by G7 finance leaders on Tuesday to make use of all applicable coverage instruments to realize robust sustainable development within the face of the virus .
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