Financial Ministers and Chairmans of Central Banks in the country members of G-20 are asserting their willingness to rais the fund support as a way to face the pandemic of coronavirus.
They are willing to take preventive measures by monitoring the financial and monetary measures as needed. This decision came as a way to boost the economies in these countries, and they aim to improve the reactions positively towards the pandemic.
Besides, the G-20 is working along with the international community to support the developing countries. They are welcoming any steps regarding minimizing the side effects of the pandemic. The International Monetary Fund, The World Bank Group, and other international organizations are collaborating with the country members of G-20 to utilize the maximum efficiency results.
These types of collaborations are vital in crisis times like this. It is a way to face the coming danger of economic collapse due to COVID-19.
They are working hand in hand to find solutions for the issues related to the pandemic. It is the much needed time to unite all the efforts in facing such a crisis.