Published: 14:22, March 25, 2020 | Updated: 05:53, June 6, 2023
G20 to hold virtual summit on virus' social, economic impact
By Bloomberg

A man wearing a face mask holds a shopping bag and baguettes as he crosses the closed market in Versailles, France, March 24, 2020. (MICHEL EULER / AP)

Group of 20 (G20) nations will hold a virtual summit to “advance a coordinated global response” to the COVID-19 pandemic Thursday, as the disease continues its rapid spread across the world.

G20 members will be joined by leaders from invited countries and representatives of international organizations including the UN and WHO, according to a Saudi foreign ministry statement

They will discuss the economic and social impact of the pandemic, including its effect on the global supply chain, Indonesia’s foreign ministry said Wednesday. The gathering will be chaired by Saudi Arabia’s King Salman, who made a rare public appearance earlier this month telling citizens that his administration was doing everything it could to confront the outbreak.

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G20 members will be joined by leaders from invited countries; Spain, Jordan, Singapore, and Switzerland; and representatives of international organizations including the United Nations, World Bank Group, World Health Organization and World Trade Organization, according to a Saudi foreign ministry statement.

Indonesian President Joko Widodo will join the summit and the country will call for global solidarity and a coordinated action plan ensuring access to health equipment and vaccines, the Indonesian foreign ministry said. It said the World Bank, IMF and other global institutions have agreed to financial assistance to reduce the global economic impact.

The summit comes after G20 finance ministers and central bank governors held an emergency call Monday to discuss the economic fallout from the virus and plans for a joint response, with the world economy likely to be pushed into recession this year. They talked about a stimulus package in the COVID-19 framework, according to Indonesia’s statement.

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There are now more than 420,000 cases of COVID-19 and almost 19,000 people have died from it worldwide.