Reuters reports that a draft communique showed that the world's financial leaders will agree on Wednesday to boost the resources of the International Monetary Fund by $650 billion so it can better help vulnerable countries deal with the effects of the COVID-19 pandemic.

The draft also returned to a pledge to fight protectionism in world trade, a reference dropped since March 2016 on the insistence of the administration of former U.S. president Donald Trump.

G20 financial leaders will also agree to extend for a final time a debt-servicing suspension for the world's most vulnerable countries until the end of 2021, the draft showed.