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Covid 19 Update2

"We reaffirm our resolve to use all available policy tools for as long as required to address the adverse consequences of COVID-19," said the final statement by G20 finance ministers and central bankers meeting in Venice on Saturday.

As expected, the group endorsed a global deal on corporate taxation agreed this month by the Organisation for Economic Cooperation and Development envisaging a corporate tax rate of at least 15 per cent.

It also said for the first time that carbon pricing could be part of the policy mix for tackling climate change.

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