The world’s monetary leaders will agree on Wednesday to enhance the sources of the International Monetary Fund by $650 billion so it could higher assist weak nations take care of the consequences of the Covid-19 pandemic, a draft communique said.
The draft, to be endorsed by monetary ministers and central financial institution governors of the world’s 20 largest economies, additionally returned to a pledge to battle protectionism in world commerce, a reference dropped since March 2016 on the insistence of the administration of former US president Donald Trump.
The draft additionally sharpens the language on tackling local weather change, one other subject watered down in G20 statements throughout the Trump presidency.
G20 monetary leaders may also agree to prolong for a closing time a debt-servicing suspension for the world’s most weak nations till the top of 2021, the draft confirmed.
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