These include the Governors’ Global Economy Meeting and the other committees that meet under the aegis of the BIS as well as the Financial Stability Board. The Global Economy Meeting comprises the esteemed Governor Kim and some 30 other governors from all systemically important economies.
They are the ones that are able to implement swift and decisive measures to support healthcare systems, employment and household income. They are the ones who can take targeted action to help firms, providing public guarantees in order to channel credit and liquidity to companies affected by the crisis.