Finance ministers and G20 central bank governors meeting in Riyadh ready to take action to counter " real risk " to global economy posed by coronavirus, French Finance Minister Bruno said Sunday The mayor.
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" We are ready to take any additional economic measures if necessary to cope with a possible worsening of the impact on the world economy ," French Minister of Economy and Finance told AFP after the event. of a G20 summit organized this weekend in Ryad, without detailing the measures envisaged. Spreading of charges, call for " solidarity " with suppliers: France announced on Friday several arrangements to assist French companies penalized in their activity by the epidemic.
Impact on global growth
" The risk is now confirmed, the impact on global growth also, and it is now a real concern of all G20 members ," said the minister. In this context, " we have decided (...) to guarantee a careful and daily monitoring of the epidemic and its development (...) ensured by the presidency of the G20 and by the International Monetary Fund ", said -he adds.
In addition to an action plan to protect the global economy from the impact of the epidemic, financial leaders from the world's top 20 economies also discussed ways to achieve a fairer and more comprehensive global digital tax system. ways to fight climate change. From this point of view, "it was a useful G20 " and " significant " progress has been made, said Bruno Le Maire.
On the subject of the taxation of large international groups, and in particular digital giants, " there is now a consensus to recognize the need to move forward on a global solution, within the framework of the OECD " (the Organization for economic cooperation and development), detailed the minister, expressing his satisfaction that Europe has made a " common front " against the United States. A meeting of the technical groups is to take place in July in Berlin.
" We hope that there will be a technical agreement during this meeting (...) so as to reach a global agreement at the end of 2020 on the issue of digital taxation ," said Bruno Le Maire. Another reason for satisfaction, “ the climate returns for the first time in three years among the concerns of the G20. There was a deadlock on these subjects (...) For the first time, the word climate change returns in the conclusions of a G20 of finance ministers with obviously the need to develop green finance to fight against climate change " , he added.