Hosted by Saudi Arabia, G20 Ministers discuss economic recovery amid coronavirus

Published: Updated:
Enable Read mode
100% Font Size

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.

Read more:

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.

Top Content Trending