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While G20 leaders have praised the swift response of development banks in deploying funding to low-income countries, they have also called on these organizations, together with the private sector, to further step up the coordination of their actions.
Public-sector relief packages are large, targeted and essential – the World Bank Group has pledged $160 billion – but not enough to help low-income countries fight the immediate impact of the disease, nor to help them cope with a longer-term economic slowdown.
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