Leaders from the Group of 20 economies said Thursday they would be pumping $5 trillion (¥542 trillion) into the world economy as part of a joint pledge to use all policy tools available to cushion the impacts of the global COVID-19 pandemic.
To fight the new coronavirus, the G20 underlined the importance of collective action to restore growth and stabilize financial markets as they held the first-ever virtual G20 summit.
"We commit to do whatever it takes and to use all available policy tools to minimize the economic and social damage from the pandemic," the G20 leaders said in a statement released following their emergency video conference.