The G20 countries remain determined to use all available tools for as long as necessary to address the negative consequences of the Covid-19 pandemic. This is what we read in the final declaration of the summit, according to which attention will continue to be directed, in particular, towards the most affected categories, such as women, young people and informal and low-skilled workers, and against inequalities. “In 2021, global economic activity recovered at a rapid pace, thanks to the introduction of vaccines and continued political support. However, the recovery remains very divergent between and within countries and exposed to risks to the decline, in particular the possible spread of new variants of Covid-19 and irregular vaccination rates “, reads the statement. “We will continue to support the recovery, avoiding the premature withdrawal of support measures, preserving long-term financial stability and fiscal sustainability and safeguarding against downside risks and negative spillovers. Central banks are closely monitoring the current ones. price dynamics. They will act as needed to fulfill their mandates, including price stability, while examining inflationary pressures where they are transitory and remaining committed to clear communication of political positions, “the document continues. The G20 countries also confirm that they want to remain “vigilant about the global challenges that are impacting” their “economies, such as disruptions in supply chains. We will work together to monitor and address these problems as our economies recover and recover. to support the stability of the global economy “. The world’s leading economies also pledge “to push forward the forward-looking agenda set out in the G20 action plan updated in April 2021, and we welcome the fourth progress report. We reaffirm the exchange rate commitments made. by our finance ministers and central bank governors in April 2021 “.
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