G7 finance ministers and central bank governors will hold a conference call on Tuesday morning to discuss measures to deal with the widening coronavirus outbreak and its economic impact, a US Treasury spokesperson said on Monday.
The International Monetary Fund and the World Bank said on Monday they stand ready to help member countries deal with the coronavirus outbreak, including through emergency funding.
Bank of Japan Governor BOJ Governor Haruhiko Kuroda and European Central Bank President Christine Lagarde both issued statements echoing Powell’s pledge last week to “act as appropriate” to support the economy. The outbreak is plunging the world economy into its worst downturn since the global financial crisis more than 10 years ago, the Organisation for Economic Cooperation and Development warned on Monday, urging governments and central banks to fight back to avoid an even steeper slump.
The International Monetary Fund and the World Bank said on Monday they stand ready to help member countries deal with the coronavirus outbreak, including through emergency funding.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China virus cases rise again, Trump urges calm after US deathThe virus has spread to more than 60 countries around the globe, prompting the World Health Organisation to raise its risk assessment to its highest level.
Read more »
Britain unveils mandate for trade talks with the USLondon could reconsider its plans to introduce digital tax in April on Google, Facebook and Amazon
Read more »
Raid by horses from US pays handsomely in $20m Saudi CupAmerican horses score a 1-2-3 in lucrative race in ‘enemy territory’
Read more »
WATCH: Zozibini shares inspiring message for the youth on US show
Read more »
Trump calls for calm as first coronavirus death on US soil confirmedThe first fatality from the novel coronavirus has been confirmed on US soil, as President Donald Trump on Saturday urged Americans not to panic.
Read more »
Qatar plays vital role in securing US-Taliban peace dealAccord creates a path for the US to gradually withdraw from Afghanistan and potentially end the 18-year conflict
Read more »