G20 measures cost over US$1tril


GENEVA: The legacy of emergency measures undertaken by G20 governments to lift economies out of the global recession stood at over a trillion dollars in May, international agencies said yesterday.

“Thirteen countries continue to carry outstanding assets and liabilities left as a legacy of emergency schemes even once those schemes have been closed to new entrants,” said a report by the Organisation for Economic Cooperation and Development and the UN Conference on Trade and Development.

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