BEIJING / DUBAI, 21 November – Leaders of the 20 largest economies are debating this weekend on how to distribute Kovid-19 vaccines, drugs and tests around the world so as not to leave poor countries as nations manage a coronary virus Look for ways to get health benefits.
The leaders are holding a two-day virtual meeting through a video-conference on the cause of the epidemic, chaired by Saudi Arabia, which rotates the G20 until the end of November.
The Kovid-19 epidemic, which will throw the global economy into a deep recession this year before the expected economic rebound in 2021, tops the agenda.
King Salman bin Abdulaziz of Saudi Arabia said in his opening remarks, “We must work to create conditions for affordable and equal access to these devices for all people.”
G20 leaders worry that the epidemic may deepen the global divide between rich and poor.
French President Emmanuel Macron said at the summit, “We need to avoid a two-speed world scenario where only the rich can defend against the virus and resume normal life.”
To do this, the European Union urged G20 leaders to quickly put more money into a global project for vaccines, testing and medical science, called Access to Kovid-19 Tools (ACT) accelerators.
The head of the European Commission, Ursula von der Lorraine, said on Twitter, “At the G20 summit, I called for $ 4.5 billion for the purchase and delivery of COVID-19 trials, treatments, and vaccines for investment in the actuator, in late 2020 did.”
“We need to show global solidarity,” she said.
Russia’s President Vladimir Putin offered to provide Russia’s Sputnik V coronavirus vaccine to other countries, saying that Moscow was also preparing a second and third vaccine.
China, where the epidemic originated a year earlier, also offered to cooperate on vaccines. There are five in-house candidates for vaccines under the final stages of testing in China.
“China is ready to strengthen cooperation with other countries in research and development, production and distribution of vaccines,” Xi said at the G20 summit.
“We will … offer help and support to other developing countries, and work hard to make vaccines public good that citizens of all countries can use and spend,” he said.
Preparing for the future
To prepare for future outbreaks, the European Union will propose a treaty on the epidemic. EU leaders Charles Mitchell told the G20, “An international treaty will help us respond in a more quick and more coordinated manner.”
The international economy is recovering from the depths of the crisis earlier this year, the pace of infection reviving countries is slow, recovery is uneven and likely to leave deep traces of the epidemic, the International Monetary Fund reported Said G20 Summit.
UN Secretary-General Antonio Guterres said on Friday that there are vulnerable and highly indebted countries, “victims of financial ruin and growing poverty, hunger and untold suffering.”
To address this, the G20 will support a plan to extend a debt service moratorium to developing countries by six months to mid-2021, with the possibility of further expansion, said a draft G20 release seen by Reuters.
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World Bank President David Malpas warned the G20 that failing to provide more permanent debt relief to some countries now could lead to a recurrence of rising poverty and the chaos seen in the 1980s.
The G20 debt relief initiative has helped 44 countries avail some $ 5 billion in debt service payments, but is lower than the 73 countries that were eligible, and promised savings of about $ 12 billion. . Experts say some additional countries may be encouraged to step in to increase temporary debt relief, but private-sector creditors must also agree to participate.
Debt relief for Africa will be an important subject of the Italian presidency of the G20 in 2021.
President Donald Trump did not attend and was at the Sterling, Virginia, golf course when the virtual meeting took place.