The summit’s focus is on protecting life and regaining growth by addressing vulnerabilities exposed during the corona pandemic and laying the foundations for a better future, Saudi government said in a statement .
Saudi Arabia emphasizes that the G20 countries are leading the fight against the corona pandemic and are taking swift, unprecedented measures to save lives and the economy. “The G20 has contributed more than $ 21 billion to support manufacturing, distribution and access to diagnostics, therapies and vaccines,” said a statement. $ 1,100 billion has also been injected to protect the world economy. And launched a debt suspension initiative for the least developed countries, allowing them to delay $ 14 billion in debt payments due this year.
The G20 unites two thirds of the world’s population and accounts for 85 percent of economic activity and 75 percent of global trade.