G20 Nations Pledge USD 5 Trillion To ‘Combat COVID-19’

As the world grapples with the COVID-19 ‘pandemic’, a group of G20 nations came together to address the challenges posed by the coronavirus and to forge a global coordinated response.

During a special G20 summit video conference on March 26, 2020, the leaders committed to do “whatever it takes” to impede the social and economic damage of the contagion.

In the same line, the group has pledged to inject USD 5 trillion into the global economy to combat the impact of the crisis.

Other Prominent Decisions Include-

• Strengthen the WHO’s response plan and mandate
• Address international trade disruptions to ensure the flow of vital medical supplies and other goods across borders
• Enhance global corporation
• Expand manufacturing capacity of medical supplies
• Strengthen capacities to respond to infectious diseases
• Share clinical data

The G20 leaders also expressed concern about the coronavirus risks to the fragile countries like Africa and populations like refugees across the world.

“We are strongly committed to presenting a united front against this common threat,” expressed the G20 leaders.

“We reiterate our goal to realise a free, fair, non-discriminatory, transparent, predictable and stable trade and investment environment, and to keep our markets open,” said the G20.

This is the first time the G20 nations showed more unity since it was created during the 2008-09 financial crisis as 90% of the COVID-19 cases and 88% of deaths were in G20 countries.

The G20 nations include India, USA, China, Russia, Saudi Arabia, Canada, France, Germany, Australia, European Union (EU), Japan, Indonesia, Italy, Mexico, Argentina, Republic of Korea, South Africa, Turkey, UK and Brazil.

So far, the COVID-19 ‘pandemic’ has spread to 199 countries and territories infecting 538,736 and killing 24,109 people.

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