(DUBAI, United Arab Emirates) – The leaders of the world’s largest economies will gather Thursday to try and adjust the fast-growing coronavirus, which has shut down businesses and forced nearly a quarter of the population. world to local isolation. .
The 20-member conference will be led by Saudi King Salman. The monarch, who heads the G20 group this year, said the event was organized by a global effort to tackle the virus and its economic effects as people lose their revenue while closing. state of emergency and closure.
The meeting came at a time when it was widely criticized that the world’s richest countries did not take a concerted effort to combat the virus or its economic impact on the world’s people.
The number of deaths worldwide from the new coronavirus, which causes a disease called COVID-19, is up 21,000 and the number of infections exceeds 472,000, according to a calculation by Johns Hopkins University. The death toll in the United States has risen to 1,041 until Wednesday night, where nearly 70,000 people have been infected. The number of dead from Spain has risen to 3,400 across China, where the disease was first discovered in December.
There have been divisions between the foreign ministers of this group of seven countries that are leading industry leaders on whether to call China a source of coronavirus. Ministers have failed to agree on sending the United States to identify coronavirus as the “Wuhan virus,” in China’s first city. As a result, foreign ministers objected to the release of the group’s data.
Chinese President Xi Jinping and Russian President Vladimir Putin are among the heads of state to attend Thursday’s G20 leaders’ summit. The conference will include leaders of the World Health Organization, the United Nations, the World Bank, the International Monetary Fund, the International Labor Organization and more.
Officials from Spain, Jordan, Singapore and Switzerland will also attend the conference, as well as regional chairs such as the African Union, the Association of Southeast Asian Nations and the Co-operation Council.
The International Labor Organization says nearly 40% of the world’s population does not have health insurance or access to national health services and 55% – or 4 billion people – do not benefit from any form of social protection at all. . He said the current health crisis has made it clear that almost backward governments have not been making progress in the years since the 2008 financial crisis to expand access to health services, disease control, and and protection from unemployment.
The International Monetary Fund (IMF) has announced a call to the G20 countries ahead of Thursday’s meeting, warning of potential economic and social impacts for developing countries, home to a quarter. of the nations of the world and where most of the world lives.
Debtors have called for a cessation of repayment from these countries and have asked G20 leaders to run the World Bank and IMF with needed reforms in countries that have a volatile credit environment and need for grants. money instantly.
In a joint statement they said it was necessary at this time to provide international humanitarian aid to developing countries and a key marker for the financial markets, lenders said.
IMF director Kristalina Georgieva says the lender is ready to spend all our $ 1 trillion. “She said earlier this week the IMF expects economic recession at least as bad as it was during the economic crisis. The world economy is 2008 or worse.All eight countries are asking for the IMF’s help.
The Ethiopian government told G20 finance ministers and leaders of the Central Bank in a call ahead of Thursday’s summit that Africa needs a package of $ 150 billion for the disease.
UN Secretary-General Antonio Guterres urged G20 leaders to adopt a “war-time” framework that includes a package of “trillions of dollars” for businessmen, workers and households in developing countries that tries to control the disease of vomiting and diarrhea.
Summary of Coronavirus. Everything you need to know about the spread of COVID-19 in the world
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