G20 leaders issue statement on COVID-19
23:08 | 26/03/2020
VGP - Leaders of 20 major economies have issued a statement o COVID-19 expressing their deep sadness about tragic loss of life and the suffering faced by people around the world and pledging to take all necessary measures to contain the pandemic.

They agreed to share timely and transparent information; exchange epidemiological and clinical data; share materials necessary for research and development; and strengthen health systems globally, including through supporting the full implementation of the WHO International Health Regulations.

The leaders pledged to expand manufacturing capacity to meet the increasing needs for medical supplies and ensure these are made widely available, at an affordable price, on an equitable basis, where they are most needed and as quickly as possible.

The G20 countries committed to strengthen national, regional, and global capacities to respond to potential infectious disease outbreaks by substantially increasing our epidemic preparedness spending.

Regarding the global economy, the leaders vowed to do whatever it takes and to use all available policy tools to minimize the economic and social damage from the pandemic, restore global growth, maintain market stability, and strengthen resilience.

Central banks have acted to support the flow of credit to households and businesses, promote financial stability, and enhance liquidity in global markets. We welcome the extension of swap lines that they have undertaken.

The leaders also agreed to support regulatory and supervisory measures taken to ensure that the financial system continues to support the economy and welcome the Financial Stability Board’s (FSB) announced coordination of such measures.

They committed to continue working together to facilitate international trade and coordinate responses in ways that avoid unnecessary interference with international traffic and trade.

For coordinated efforts in the figh against COVID-19, the leaders pledged to work swiftly and decisively with the front-line international organizations, notably the WHO, IMF, WBG, and multilateral and regional development banks to deploy a robust, coherent, coordinated, and rapid financial package and to address any gaps in their toolkit.

They expressed their readiness to convene again as the situation requires. Global action, solidarity and international cooperation are more than ever necessary to address this pandemic, according to the statement./.

By Quang Minh

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