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.
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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.
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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.
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