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G20 nations pledge 'united front' on coronavirus crisis

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Saudi King Salman bin Abdulaziz speaks via video link during a virtual G20 summit on coronavirus disease in Riyadh. G20 nations on Thursday pledged a "united front" in the fight against the coronavirus pandemic, and said they were injecting US$5 trillion into the global economy to counter the impact of the crisis.

[RIYADH] G20 nations on Thursday pledged a "united front" in the fight against the coronavirus pandemic, and said they were injecting US$5 trillion into the global economy to counter the impact of the crisis.

"We are injecting over US$5 trillion into the global economy, as part of targeted fiscal policy, economic measures, and guarantee schemes to counteract the social, economic and financial impacts of the pandemic," the leaders said in a statement after an emergency online summit.

They also pledged to work swiftly with multilateral bodies such as the International Monetary Fund, the World Health Organisation and regional banks to deploy a "robust" financial package to support developing nations.

AFP