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Saudi Arabia Says G20 Leaders’ Summit To Be Held Virtually In Nov

Riyadh: The 2020 G20 Leaders Summit shall be held just about on November 21–22 and shall be chaired by the Saudi Arabia’s King Salman bin Abdulaziz Al Saud, the G20 presidency mentioned in an announcement on Monday.

“The G20 presidency will build on the success of the extraordinary virtual G20 Leaders’ Summit held in March, and on the outcomes of over 100 virtual working groups and ministerial meetings,” Arab Information quoted the assertion carried by the Saudi Press Company (SPA) as saying.

“The G20 is leading the fight against this global pandemic, taking swift and unprecedented actions to protect lives, livelihoods and the most vulnerable,” it added.

The G20 has contributed over $21 billion to assist the manufacturing, distribution, and entry to diagnostics, therapeutics, and vaccines.

It has additionally injected $11 trillion to safeguard the worldwide economic system.

The group has additional launched a debt suspension initiative for the least developed nations that will permit beneficiary nations to defer $14 billion in debt funds due this 12 months and use these quantities as an alternative for financing their well being methods and social packages.

“The upcoming G20 Leaders’ Summit will focus on protecting lives and restoring growth, by addressing vulnerabilities uncovered during the pandemic and by laying down the foundations for a better future,” mentioned the assertion.

“The Summit will also focus on fostering international action to realize opportunities of the 21st century for all, by empowering people and protecting our planet, whilst harnessing the potential of innovation to shape new frontiers.”

(IANS)

Learn Extra:

COVID-19 Pandemic: World Financial institution, IMF welcome G20’s transfer to offer debt aid

Landmark 75th Session Of UNGA Commences In Largely Digital Format Amidst COVID-19

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