Left Menu
Development News Edition

Saudi king to G20: let's unite against coronavirus

Reuters | Updated: 26-03-2020 21:26 IST | Created: 26-03-2020 20:27 IST
Saudi king to G20: let's unite against coronavirus
Representative image Image Credit: Twitter (@g20org)

Saudi Arabia's King Salman called on Thursday for G20 leaders to boost funding for a coronavirus vaccine, resume the normal flow of goods and services as soon as possible, and help developing countries overcome the global health crisis. His remarks came at the opening of an extraordinary, 90-minute video conference convened by the world's major economies to coordinate action over the outbreak that has infected more than 470,000 people and killed more than 21,000 worldwide.

"We must have an effective and coordinated response to this pandemic," the king said. "On the trade front, the G20 must send a strong signal to restore confidence in the global economy by resuming, as soon as possible, the normal flow of goods and services, especially vital medical supplies." The G20, currently chaired by Saudi Arabia, has faced criticism of a slow response to the worsening crisis, which is expected to trigger a global recession.

Some member countries have announced economic stimulus packages to offset broad suspensions of air travel and shutdowns of many businesses. The U.S. Chamber of Commerce urged G20 leaders to match a pledge by countries like Australia and Canada to keep supply chains open and avoid export controls.

World Health Organization director-general Tedros Adhanom Ghebreyesus was to address the G20 to seek support for ramping up funding and production of personal protection equipment for health workers amid a global shortage. "We have a global responsibility as humanity and especially those countries like the G20," Tedros told a news conference in Geneva late on Wednesday. "They should be able to support countries all over the world."

FRICTIONS King Salman urged cooperation in financing research and development for therapeutics and a vaccine, ensuring the availability of vital medical supplies and equipment, and helping less developed countries build capacities.

Chinese President Xi Jinping followed him, advocating joint macroeconomic policies to stop the world from entering recession and stabilise the global industrial supply chain by facilitating trade and removing barriers. Despite calls for cooperation, the G20 risks entanglement in an oil price war between Saudi Arabia and Russia and frictions between the United States and China over the origin of the virus.

In preparatory meetings, Beijing and Washington agreed to call a timeout on their coronavirus blame game, the South China Morning Post reported, citing diplomatic sources. But talks among U.N. Security Council nations have stalled over U.S. insistence that any joint statement call attention to the coronavirus' origins in China, NBC News reported.

"The U.S.-China dynamic is pivotal to successful G20 coordination, never more so than now as countries grapple 24/7 to confront and contain a pandemic we do not yet fully understand," former acting U.S. Trade Representative Miriam Sapiro said. Meanwhile, though the Kremlin said oil markets were not under discussion by the G20, Washington could still try to launch a debate about ending a price war between Moscow and Riyadh that has pushed crude prices to near 20-year lows as the pandemic destroyed global demand. (Additional reporting by Nayera Abdallah in Cairo, Stephanie Nebehay in Geneva, Andrea Shalal in Washington, Alaa Swilam and Yousef Saba in Dubai, Anton Kolodyazhnyy in Moscow and Ryan Woo in Beijing; Writing by Stephen Kalin; Editing by Toby Chopra and Andrew Cawthorne)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Download The Devdiscourse News App for Latest News.



Education post-coronavirus: Schools to rush for more digitalization

Digital education would undoubtedly boom in the post-coronavirus world, supported by educational institutions that have discovered its efficiency during the crisis, but it is still not expected to outshine traditional classroom learning....

Public health care post-COVID 19 to go for revamping, not rebooting

Until now, the economies used to classify healthcare sector under social expenditure. However, the devastation caused by COVID 19 pandemic has upgraded public healthcare on topmost priority and core economic activity for controlling future ...

Coronavirus lockdowns to speed up long-pending revamping of supply chains

With millions of production lines impacted, business disruptions to some extent are unavoidable and the lessons learned from this turbulence will leave an everlasting impact on both global and local levels of supply chains....

COVID 19 to catalyze the redefinition of urban planning and sustainability

Until now the urban planning was focused on mitigation to natural disastrous, climate change, pollution, chronic illness and lifestyle diseases. However, the global pandemic of novel coronavirus is going to change the whole narrative of urb...


Latest News

GRAPHIC-Three months that shook global markets

How much damage has the coronavirus and the oil price collapse inflicted on global financial markets this year Put simply, it has probably been the most destructive sell-off since the Great Depression.The numbers have been staggering. 15 tr...

Turkey's coronavirus deaths up to 131 with 1,815 new cases

Turkeys deaths from the coronavirus increased by 23 to 131 on Sunday, as the number of confirmed cases rose by 1,815 to 9,217, Health Minister Fahrettin Koca said. Some 105 patients have recovered so far.The minister added on Twitter that 9...

Coronavirus : Nepal extends lockdown till April 7

Lockdown imposed in Nepal in the backdrop of COVID-19 has been extended till April 7. The decision was taken in the cabinet meeting held on Sunday. The lockdown was set to end on March 31.Earlier on Sunday, Nepal also extended the suspensio...

BRIEF-Canada coronavirus cases rise to 5,866 from 5,655 on March 28, and 63 deaths, up from 61

March 29 Reuters - CANADA CORONAVIRUS CASES RISE TO 5,866 FROM 5,655 ON MARCH 28, AND 63 DEATHS, UP FROM 61 - CHIEF MEDICAL OFFICER Source text for Eikon Further company coverage ...

Give Feedback