Hosted by Saudi Arabia, G20 Ministers discuss economic recovery amid coronavirus
The virtual meeting of the G20 Finance Ministers and Central Bank Governors began on Saturday hosted by Saudi Arabia.
The talks are aimed at spurring global economic recovery from a coronavirus-triggered recession amid growing calls to widen debt relief for crisis-hit poor countries.
For more coronavirus news, visit our dedicated page.
The virtual talks come as the surging pandemic continues to batter the global economy and campaigners warn of a looming debt crisis across poverty-wracked developing nations.
Saudi Arabia leads G20 efforts to unite the world in coronavirus response
Saudi Arabia to host G20 Summit in November 2020 in Riyadh
The ministers and bankers will “discuss (the) global economic outlook and coordinate collective action for a robust and sustained global economic recovery,” G20 organizers in Riyadh said in a statement.
The talks, chaired by Saudi Finance Minister Mohammed al-Jadaan and central bank governor Ahmed al-Kholifey, come a day after the European Union held its first face-to-face summit in five months to discuss a post-virus economic rescue plan.
For all the latest headlines follow our Google News channel online or via the app
Kristalina Georgieva, the International Monetary Fund's managing director, has warned that despite some signs of recovery, the global economy faces sustained headwinds, including the possibility of a second wave of COVID-19.
G20 members pledge over $21 bln to fight coronavirus during Saudi presidency meetingThe Group of 20 (G20) rich and emerging economies has pledged more than $21 billion to fight the coronavirus, according to a statement by the group ... Coronavirus
Coronavirus: 36 countries applied for debt relief, says Saudi G20 secretariatThe Saudi Arabian G20 secretariat said on Thursday that 36 countries applied for suspension of official bilateral debt payments to assist them in ... Coronavirus
Coronavirus: Saudi Arabia's statement at G20 Pledging Marathon, in fullSaudi Arabia, as the holder of the G20 Presidency, led a Global Response Pledging Marathon on Monday, along with the European Union, Canada, France, ... Coronavirus
Coronavirus: The European Commission pledges $1.09 billion for G20 COVID-19 fightThe G20, hosted by Saudi Arabia, has called for $8 billion and a coordinated response between global health organizations to fight against the ... Coronavirus
Coronavirus: Saudi Arabia’s G20 presidency vows to spur recovery in tourism sectorThe Saudi presidency of the Group of 20 major economies pledged on Friday to cushion the economic blow of the coronavirus pandemic on global tourism, ... Coronavirus
G20 will reinforce global cooperation on all fronts: Saudi ArabiaSaudi Arabia says the G20 will reinforce global cooperation on all fronts, most importantly closing the funding gap for the health sector amid the ... Coronavirus