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Press Release: G20 Finance Ministers and Central Bank Governors

Riyadh, Saudi Arabia, March 30, 2020
[pdf]

The G20 Finance Ministers and Central Bank Governors met virtually on Tuesday 31 March 2020 to coordinate their efforts in response to the COVID-19 pandemic and agree on a roadmap to implement the commitments made at the virtual G20 Leaders' Summit that was held on 26 March 2020 under the Saudi G20 Presidency, including:

The G20 Finance Ministers and Central Bank Governors also discussed the role of the IMF, the World Bank Group and other International Financial Institutions to deploy all available resources and explore additional measures needed to support emerging markets and developing economies amid the COVID-19 pandemic, including by supporting financial stability and alleviating liquidity constraints. In this respect, the G20 Finance Ministers and Central Bank Governors welcomed the Word Bank Group's readiness to deploy as much as US$160 billion over the next 15 months to support its member countries to respond to the COVID-19 pandemic.

The G20 Finance Ministers and Central Bank Governors tasked the relevant working groups to deliver on the roadmap by their virtual meeting on 15 April 2020. They agreed to continue to discuss and take urgent actions needed to address the global challenge presented by the COVID-19 pandemic.

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Source: Official website of the Saudi G20 Presidency


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