Tuesday, 24 November, 2020

G20 to back 'equitable' distribution of coronavirus vaccine

Chinese President Xi Jinping attends the 15th G-20 Leaders' Summit via video link in Beijing Chinese President Xi Jinping attends the 15th G-20 Leaders' Summit via video link in Beijing
Deanna Wagner | 22 November, 2020, 23:38

"We will spare no effort to ensure their affordable and equitable access for all people", said the countries in the statement.

"We are aware of the scope of our responsibility but also of the difficulty of our task", he said, adding: "The health and socio-economic answer to the pandemic, which has caused and continues to cause huge suffering tomankind and has already struck significant blows to the global economy, will obviously continue to be at the top of our agenda, to keep high the commitment of the worldwide community in the reaction to COVID-19".

"We emphasize the important mandates of the United Nations' system and agencies, primarily the World Health Organization, while considering the ongoing evaluations, its stated commitment to transparency, and the need to strengthen its overall effectiveness, in coordinating and supporting the global response to the pandemic", the declaration read.

Addressing the virtual event from NY, he told staff that the United Nations was founded on the basis of dignity, without distinctions of race, colour, ethnic or national origin.

"We commend the Saudi Presidency for initiating discussions on the need for long-term solutions to address gaps in global pandemic preparedness and response, including its proposal towards establishing access to pandemic tools, and we look forward to furthering this discussion during the Italian Presidency".

Marsudi stated, "The president said that the UNCTAD (United Nations Conference on Trade and Development) has requested financial support of 2.5 trillion USA dollars so that developing countries are able to get out of the economic downturn".

The leaders promised to "support IMF's aid to help address challenges of developing states, and also endorsed circular carbon economy platform".

While G20 countries have contributed billions of dollars toward developing a vaccine for the virus, they have also mostly focused on securing their own vaccine supplies.

On Thursday, the United Nations chief stressed the need for "every country, city, financial institution and company" to adopt plans for transitioning to net zero emissions by 2050, reports Xinhua news agency.

"Developing countries need fiscal space for economic recovery", Marsudi said.

China's President Xi Jinping speaks during a CEO Dialogue forum via video link ahead of the Asia Pacific Economic Cooperation leaders summit hosted by APEC Malaysia
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The global economy contracted sharply earlier this year after many countries went into lockdowns to limit the spread of the virus.

The UN chief said the world must ensure recovery from the crisis, which will be inclusive, sustainable and in line with global climate goals.

In this Tuesday, June 16, 2020, photo, a nurse prepares medicines for COVID-19 patients at the Shohadaye Tajrish Hospital in Tehran, Iran.

Landmark promises on vaccine access, a U.S. president gone golfing, and awkward questions for the Saudi hosts about the murder of campaigning journalist Jamal Khashoggi have dominated this year's virtual G20.

They also discussed a number of other crucial global issues such as the economic recovery, the reform of the WTO, the taxation of the digital economy and how to support low-income countries.

"I am confident that the Riyadh summit will deliver significant and decisive results and will lead to adopting economic and social policies that will restore hope and reassurance to the people of the world, " King Salman said.

"No so-called "global stablecoins" should commence operation until all relevant legal, regulatory and oversight requirements are adequately addressed through appropriate design and by adhering to applicable standards", the statement read.

Guterres will meet G20 leaders online over the weekend, Xinhua news agency reported.

Saudi Arabia's Crown Prince Mohammed bin Salman proposed on Sunday that two G-20 Summits should be held each year in future.

US President-elect Joe Biden has promised to return the nation to the Paris accord and reinstate funding for the World Health Organisation cut by Mr Trump. "This achievement today is a culmination of our joint efforts throughout this challenge-fraught year", the monarch said.

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"We have, in our territories, all the industries capable to produce the necessary health technologies against COVID-19", he said. This year's G-20 summit began Saturday with a call for world leaders to mount a united response to the coronavirus pandemic .