Brussels, Feb 26 (Prensa Latina) The G20 finance ministers are holding an online meeting on Friday to examine the global economic crisis caused by the Covid-19 pandemic and boost recovery.
German Finance Minister Olaf Scholz explained in this regard that the world's largest economies must continue with their rescue and support measures for workers and companies.
However, he recalled that recovery takes longer than initially thought.
The digital meeting involves finance ministers and central bank governors from the world's top 20 economies.
The meeting is expected to take place in a relaxed environment, and is being attended by US Secretary of the Treasury Janet Yellen, now that the country has returned to the path of multilateralism.
Last April, the G20 countries agreed to a moratorium on the payment of the interest on the debt of the most impoverished countries, and in October they extended it until June 30, 2021, although this measure does not fully convince analysts.
The G20 must also address the international monetary sector. Although financial markets are withstanding the health crisis relatively well, loan rates have rebounded since February.
jg/llp/mgt/rfc/gdc
However, he recalled that recovery takes longer than initially thought.
The digital meeting involves finance ministers and central bank governors from the world's top 20 economies.
The meeting is expected to take place in a relaxed environment, and is being attended by US Secretary of the Treasury Janet Yellen, now that the country has returned to the path of multilateralism.
Last April, the G20 countries agreed to a moratorium on the payment of the interest on the debt of the most impoverished countries, and in October they extended it until June 30, 2021, although this measure does not fully convince analysts.
The G20 must also address the international monetary sector. Although financial markets are withstanding the health crisis relatively well, loan rates have rebounded since February.
jg/llp/mgt/rfc/gdc
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