Beijing welcomed the step but gave no indication whether it might respond by heeding appeals to use its US$2 trillion in reserves to help expand a global bailout fund.
The G20 leaders promised to expand access for developing countries to financing through the IMF and other bodies, though they gave no figures.
“We have seen evidence of trade financing, as well as financing more generally for emerging markets, deteriorate,” said Michael Buchanan, chief Asia economist for Goldman Sachs. “If the G20 and IMF and donor countries can provide financing, that will help to alleviate that. That will be very significant.”
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