G20 finance chiefs back tax deal, pledge continued fiscal support - communique draft

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G20 is considering expanding help for the poorest countries as the Covid-19 pandemic continues to ravage nations.
G20 is considering expanding help for the poorest countries as the Covid-19 pandemic continues to ravage nations.
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Finance leaders from the G20 major economies on Wednesday endorsed a global deal to revamp corporate taxation and pledged to avoid premature withdrawal of fiscal support while keeping a close eye on inflationary pressures, according to a final draft communique seen by Reuters.

The G20 finance ministers and central bank governors also called on the International Monetary Fund to establish a new trust fund to channel a $650 billion issuance of IMF monetary reserves to a broader range of vulnerable countries.

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