LONDON: While ending COVID-19 economic relief measures too soon would present more of a threat to financial stability than leaving them in place too long, it was time for Group of 20 countries to decide how it should be done, the Financial Stability Board said on Tuesday .
In a report to help G20 countries exit the measures, the FSB recommended a flexible approach that withdraws relief gradually in a sequenced way to avoid a"cliff edge" effect from simultaneous expiries. A"state-contingent" approach rather than a pre-announced timetable for withdrawal could help to minimise long-term financial stability risks, the FSB said."For many support measures, authorities need to take a decision on whether to extend, amend or unwind them," the FSB said in its report for G20 finance ministers meeting virtually this week.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Risk from COVID-19 variants remains after first Pfizer COVID-19 vaccine, UK study findsLONDON :A single dose of Pfizer's coronavirus vaccine may not generate a sufficient immune response to protect against dominant new variants, ... 所以那些還沒有完成接種第二針疫苗的國家是不能對印度，巴基斯坦，尼泊爾，斯里蘭卡開放的。 3rd and 4th doses coming your way. Then 5th and 6th......... WHILE VIRYS MUTATES
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
All American adults to be eligible for COVID-19 vaccine by Apr 19: BidenWASHINGTON: US President Joe Biden on Tuesday (Apr 6) moved up the COVID-19 vaccine eligibility target for all American adults to Apr 19, but ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Biden targets Apr 19 for wider US COVID-19 vaccine deliveryPresident Joe Biden will announce on Tuesday (Apr 6) that the United States has administered 150 million COVID-19 shots since he took office and ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Sweden registers 7,736 new COVID-19 cases, 19 deaths on ThursdaySweden, which has shunned lockdowns throughout the pandemic, registered 7,736 new COVID-19 cases on Thursday, health agency statistics showed.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
7 more workers at Westlite Woodlands dorm test positive for Covid-19, bringing total to 19SINGAPORE — Seven more workers from the Westlite Woodlands dormitory have tested positive for Covid-19 after recovering from past infections, bringing the total number of cases at the dormitory to 19, the Ministry of Manpower clarified on Thursday (April 22). Must have returned India and back... It's normal. Vaccine working. Give it some time. Ensure that they spread more to do litmus test to the said vaccine.
Source: TODAYonline - 🏆 1. / 99 Read more »