G20 leaders fail to step up

From eastasiaforum.org

A US$1 trillion increase in the IMF’s crisis-fighting war chest, US$5 trillion in coordinated fiscal stimulus, US$250 billion to support trade finance, US$100 billion of additional lending by the multilateral development banks, the creation of new international institutions and reforms to existing ones, a commitment to reform global finance and a pledge not to impose any trade protectionist measures. It’s an impressive list of G20 outcomes. It’s a shame that this is the list from the 2009 meeting of G20 leaders not the emergency G20 leaders’ meeting held last Friday to deal with the COVID-19 crisis. ... (full story)