Page 2 - G20 Nations

IMF warns against premature withdrawal of stimulus amid Covid resurgence

The IMF noted progress on a vaccine, but also said elevated asset prices point to a disconnect from the real economy and a potential threat to financial stability

FM calls for consensus on taxing digital firms like Google, Facebook

Some 129 countries are in talks to rework global tax system to make digital firms pay tax regardless of their physical presence or measured profits in a country

IMF asks G20 countries to increase fiscal spending on Covid-19 crisis

The IMF last month forecast a 2020 global contraction of 4.4% and a return to growth of 5.2% in 2021, but warned that the situation remained dire and governments should not withdraw stimulus premature

Gita Gopinath confirms India's GDP most affected among G-20 countries

The IMF chief in a tweet showed India's internationally comparable quarter-on-quarter GDP shrank the most among G-20 countries at 25.6%

Business, labour groups urge G20 to expand debt freeze for poorer countries

Top global finance officials last week said debt restructuring may be needed on a country-by-country basis to help heavily indebted countries hit hard by the outbreak

Reducing debt will end poverty trap for poor nations: World Bank chief

Developing countries and emerging markets face dire economic consequences from the pandemic given inadequate healthcare systems

G20 nations imposed 59 import-restrictive measures in 7 months: WTO

Tariff increases, import bans, stricter customs procedures, export duties and other such measures introduced during the review period affected 2.8 per cent of G20 trade

G20 countries pledge over $21 billion to fund fight Covid-19 pandemic

The announcement comes after the G20 countries injected more than USD5 trillion into the global economy in late March

G20 nations to freeze debt of world's poorest; IMF, World Bank welcome move

The actions to freeze both principal repayments and interest payments will free up more than $20 billion for the countries to spend on improving their health systems

Total oil curbs could remove 19.5 mn barrels from market every day: Saudi

The OPEC+ alliance, led by Riyadh and Moscow, agreed on Sunday to slash daily production by 9.7 million bpd over the next two months

G20 ministers struggle to finalise oil output cuts despite Trump's efforts

The final G20 communique appeared to gloss over simmering divisions over energy policy, making no mention of output cuts and pledging simply to ensure oil "market stability"

Develop innovative methods to fund requirements: FM Sitharaman at G20

She was speaking at the 2nd Extraordinary G20 Finance Ministers and Central Bank Governors (FMCBG) meeting, held in a virtual manner.

Covid-19: G20 nations agree to keep markets open, tackle supply disruptions

The current federal rules require an H-1B visa holder to leave the US along with their family members within 60 days of losing their job.

Coronavirus: G20 ministers meet by video to tackle supply chain disruptions

Many countries rely on China for drug ingredients, and are now struggling to avoid shortages after lockdown measures prompted by the epidemic held up supplies and delayed shipments.

G20 ministers agree to keep markets open amid coronavirus outbreak

G20 leaders pledged last week to inject over $5 trillion into the global economy to limit job and income losses caused by border closures and sweeping shutdowns

G20 commits $5 trn spending; aims to boost world economy in coronavirus

Finance ministers to prepare action plan soon, Trade ministers to assess impact on global trade

G20 nations pledge $5 trn to boost world economy stung by coronavirus

The talks came amid criticism that the G20 has been slow to address the Covid-19 pandemic

UN chief says global recession due to coronavirus 'a near certainty'

The world's wealthiest nations poured unprecedented aid into the traumatized global economy on Thursday as coronavirus cases ballooned in Europe, the current epicenter

India should maintain fiscal deficit; needs revenue mobilisation: Gopinath

India's consolidated deficit (the Centre and states combined) is the highest among the G20 nations, she added.

G20 nations imposed 28 new trade-restrictive measures in 6 months: WTO

The restrictive measures cover an estimated USD 460.4 billion worth of traded merchandise, an increase of 37 per cent over the same period previous year.