Saudi king to chair G20 video summit on coronavirus

Dr. Mohamed Al Abdel Aali spokesman of the Ministry of Health

Leaders of the G20 can be seen on a screen attending a video conference to discuss a united response to Covid-19, in Riyadh, Saudi Arabia, on Thursday.

Leaders from global organisations such as the United Nations, World Bank, the World Health Organization (WHO) and the World Trade Organization (WTO) will also participate.

The G20 is an global forum for the governments and central bank governors of 19 countries and the European Union. On March, 26, the leaders from G20 nations will be joined by representatives from the coronavirus-affected countries like Italy, Spain, Jordan, Singapore, and Switzerland.

G20 summit will take place despite the coronavirus outbreak across the planet.

King Salman warned last week of a "more difficult" fight ahead against the virus, as the kingdom faces the economic double blow of virus-led shutdowns and crashing oil prices.

The world's 20 most industrialised countries are scrambling to defend their virus-wracked economies amid forecasts they will likely plunge into a recession.

These were the details of the news Saudi king to chair extraordinary G20 video summit on coronavirus on Thursday for this day.

One of the most actual topics this year will be a COVID-19 outbreak.

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The 71-year-old is displaying mild symptoms of COVID-19 "but otherwise remains in good health", Clarence House said in a statement.

India is a member nation of the G20 group.

The International Labor Organization says almost 40% of the world's population has no health insurance or access to national health services and that 55% - or 4 billion people - do not benefit from any form of social protection whatsoever. He observed that the G20 must take responsibility for financing the research and development of a vaccine for COVID-19.

At that meeting participants agreed to develop an action plan in response to the COVID-19 pandemic and closely monitor the pandemic's impact on global markets and economic conditions. It is also suffering under severe American sanctions imposed after President Donald Trump withdrew the USA from Tehran's 2015 nuclear deal with world powers.

As concerns mount for poorer countries with little or no access to capital markets or adequate health facilities, the International Monetary Fund and World Bank have urged the G20 to support its call for governments to put debt payments on hold.

"Xi urged G20 members to cut tariffs, remove barriers and facilitate the unfettered flow of trade" during his remarks at the emergency online summit, the official Xinhua news agency reported.

Despite calls for cooperation, the G20 risks entanglement in an oil price war between Saudi Arabia and Russian Federation, and frictions between the United States and China over the origin of the virus.

The meeting will be chaired by Saudi Arabia's Crown Prince Mohammad Bin Salman.

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