Extraordinary G20 Virtual Leaders' Summit

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Tackling  the pandemic and its economic implications as the world faces a global fallout has brought the G20 countries together in an extraordinary way.

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, addressed the Extraordinary G20 Leaders' Summit held virtually on March 26, 2020, upon the call of the Saudi Presidency.

Within the framework of the aid packages that various governments are announcing to their respective economies, one may wish to note the stress of the IMF, particularly on the coordination of monetary and fiscal policies. Such policies are already coordinated between the EU Member States through the Treaties' provisions and various Regulations and Directives which form part of the EU's economic governance.