G20 Framework Working Group Meet to Review Progress on G20 Action Plan

The Framework Working Group (FWG) held a virtual meeting on June 8 to facilitate and review the implementation of the G20 Action Plan – “Supporting the Global Economy through the COVID-19 Pandemic”, which received endorsement in the G20 Finance Ministers and Central Bank Governors meeting held on April 15. The FWG evaluated the efficiency of the Action Plan policy measures implemented so far as a response to the COVID-19 crisis and analyzed G20’s work in facilitating global economic recovery. International organizations and decision-makers shared updates global economic progress and identified potential uncertainties and plans to mitigate them. The Action Plan highlights key principles in G20’s response to the pandemic including a health response, economic and financial response, globally-coordinated support to vulnerable countries, and recovery trajectory towards a resilient, sustainable, and inclusive economy after the crisis. Finance Ministers and Central Bank Governors will reconvene in July to discuss key takeaways from yesterday’s meeting.