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G20 to pledge financial aid to support post-pandemic recovery

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G20 to pledge financial aid to support post-pandemic recovery

Jakarta, Feb 18 (Prensa Latina) Finance Ministers and G20 central Bank CEOs on Friday pledged a billion financial aid to support post-Covid-19 recovery in most needy countries.
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In a joint statement, the signatories said that they will try to increase the figure up to $100 billion.

G20´s intention is to make headway quickly to return to levels prior to health crisis, for which G20 said that it will continue supporting the most coronavirus-hit nations.

However, one issue that prevents the recovery from having desired pace is unequal access to Covid-19 vaccines.

The statement also alluded to the effort to improve efficiency and transparency of the international financial system, as well as the need to fight climate change.

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