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The G20 countries, which Saudi Arabia currently holds its rotating presidency, will hold a video meeting on Tuesday to “advance a coordinated global response to the Covid-19 pandemic,” Riyadh announced on Monday.
Riyadh said Monday evening that the finance ministers and rulers of central banks are in countries Group of Twenty, Which Saudi Arabia currently holds its rotating presidency, will hold a video meeting on Tuesday aiming to “advance a coordinated global response to the Covid 19-pandemic.”
“The Presidency of the Kingdom of Saudi Arabia for the Group of Twenty will hold the second virtual meeting of the finance ministers and central bankers of the Group of Twenty on Tuesday,” the Saudi presidency of the group comprising the largest economies of the world said.
The statement of the Saudi presidency included that the aim of this meeting is to “advance a coordinated global response on the Corona virus (COFED-19) pandemic and its human and economic impacts” and “follow up on the results of the virtual summit of G20 leaders held on March 26, 2020, and move forward in implementing Effective and timely measures agreed upon.
The leaders of the countries of the group pledged last Thursday during an emergency summit via video, their commitment to face the repercussions of the emerging Corona virus with a united front and pumped $ 5 trillion into the global economy to reduce the consequences of the measures taken to contain the epidemic, at a time when the specter of a global economic recession loomed on the horizon.
Russian President Vladimir Putin and US President Donald Trump agreed during a phone conversation on Monday to “work closely during the G20 summit” to combat the Covid-19 epidemic and address the economic crisis caused by quarantine measures, social divergence, and travel bans taken to stem the spread of the epidemic.
A Chinese source said that out of the five thousand billion dollars pledged by the Group of Twenty, Beijing has taken it upon itself to pump 344 billion dollars, of which tax measures constitute the bulk of it.
For his part, the Russian President proposed during the Riyadh virtual summit to suspend the economic sanctions imposed on many countries, including his country, whose economy has been reeling since 2014 under Western sanctions due to the conflict in Ukraine. These sanctions were compounded by the global economic crisis caused by Covid-19 and the collapse of oil prices due to the price war between Moscow and Riyadh.
France 24 / AFP