G20 leaders' Summit to be held virtually in November

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Virtual G20 Summit
Virtual G20 Summit

New Delhi : The G20 Leaders' Summit will be held virtually on November 21-22. It will be chaired by Saudi King Salman bin Abdulaziz Al Saud and focus on protecting lives and restoring the economies which have been shattered amid the Covid-19 pandemic.

Since March, when coronavirus had spread its reach to almost all parts of the world, this will be the second virtual summit. India is set to take over as the G20 chair in 2022.

The G20 has contributed more than $21 billion to support the production, distribution and access to diagnostics, therapeutics, and vaccines, and injected $11 trillion to safeguard the global economy as part of the fight against the pandemic.

It has also launched a debt suspension initiative for least developed countries that will allow beneficiary nations to defer $14 billion in debt payments due in 2020 and to use these amounts for financing their healthcare systems and social programmes.

"The upcoming G20 Leaders’ Summit will focus on protecting lives and restoring growth, by addressing vulnerabilities uncovered during the pandemic and by laying down the foundations for a better future," the statement said.

"The summit will also focus on fostering international action to realise opportunities of the 21st century for all, by empowering people and protecting our planet, whilst harnessing the potential of innovation to shape new frontiers," it added.