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G20 finance officials to meet on pandemic measures, U.S. global minimum tax plan
Finance officials from the Group of 20 major economies are poised to back a $650 billion boost in the IMF’s emergency reserves on Wednesday and extend a freeze on debt payments as part of an effort to help developing countries still struggling to combat the COVID-19 pandemic. The G20 gathering, taking place virtually on the sidelines of the spring meetings of the International Monetary Fund and World Bank, will also give U.S. Treasury Secretary Janet Yellen a chance to press for a global minimum tax on corporate profits. The IMF on Tuesday raised its 2021 global growth forecast to 6%, reflecting a rapidly ... (full story)