Addressing international trade disruptions, preserving trade openness and ensuring universal access to vaccines and treatments will be of paramount importance for a durable global economic recovery. Further international efforts will be needed to counter the consequences of the pandemic and maintain a well-functioning international monetary system. The ECB supports the crisis response measures taken by the IMF.
Major views of this paper were discussed at the High Level Conference Hosted by Bank Negara Malaysia on February 10, 2009. I. Factors affecting savings ratios  The term “savings” in this paper includes domestic savings, current account surplus and foreign reserve.