G20 leaders vow to supply vaccine to needy countries, despite funding shortfall

President Jokowi attends G20 Leaders Summit

He has been pushing the G20 to further extend and expand debt service suspension to help developing and middle-income economies recover from the pandemic and for the allocation of Special Drawing Rights (SDR) and a voluntary reallocation of existing Special Drawing Rights. "That means ensuring that vaccines are treated as a global public good - a people's vaccine accessible and affordable to everyone, everywhere", he said.

When world leaders called for fair global access to COVID-19 vaccines, Mr Trump did not pledge to expand the availability of leading U.S. jabs, due for release next month. "Indeed, this would be an opportunity to work within the multilateral framework by strengthening the role of the United Nations and especially of the World Health Organization, so that we can better prevent the risks of pandemic".

Lee said that the effectiveness of such networks depends on countries investing in their domestic surveillance and response capabilities as well as on their willingness to share information with one another.

According to a statement from the Presidential Secretariat's Press Bureau, received here on Saturday night, Minister of Foreign Affairs, Retno Marsudi, Minister of Finance, Sri Mulyani, Cabinet Secretary Pramono Anung, and Indonesian G20 Sherpa Rizal Affandi Lukman, who is also deputy of global economic cooperation at the Coordinating Ministry for Economic Affairs, also attended the summit alongside President Widodo. Measures for fighting the coronavirus pandemic and keeping the global economy on track are expected to be among the key topics discussed by leaders from the advanced and emerging economies during the videoconference.

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.

"We need to do better at listening to one another and acknowledging disappointment, anger and pain".

Pharmaceutical companies and research centres around the world are working on potential Covid-19 vaccines, with large global trials of several of the candidates involving tens of thousands of participants underway.

Calling the pandemic "a grave challenge which has exposed the deficiencies of global governance", Xi urged a strengthened UN-centred worldwide system and improvement of the governance architecture for economic globalisation, as well as support to the reform of the World Trade Organisation.

The G20 leaders said on Sunday that they are committed to ensuring that global transportation routes and supply chains will remain open amid coronavirus restrictions around the world, according to a final statement adopted after a two-day G20 summit.

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

"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.

"We look forward to the standard-setting bodies engaging in the review of existing standards in light of these reports and making adjustments as needed".

The promise is contained in a final communique released today by the leaders of the world's 20 richest countries following two days of virtual discussions hosted by Saudi Arabia.

We have achieved a lot this year.

The G20 also called on the International Monetary Fund (IMF) to continue exploring additional tools that could help its members as the crisis evolves. This is what the world has been expecting from us.



Latest news

Thousands attend Serbian patriarch's funeral amid Covid-19 crisis
Irinej, however, was among the rare Serbian church dignitaries who openly called for improved ties with the Roman Catholic Church. The Serbian church is one of a group of autocephalous, or independent, churches that make up the Orthodox Christian faith.

Trump tweets about election results and concludes G20 talks
Trump has spent the two weeks since the election was called for President-elect Joe Biden mainly out of sight. He is due to join another session of the G20 on Sunday morning, according to the White House schedule .

Fitbit Announces Major Software Update with Google Assistant, New Features
We suspect additional Fitbit devices will eventually support Google's voice assistant, considering Google is buying Fitbit . However, it may change with future Fitbit devices as the software giant is now in the process of buying Fitbit.

Trump's daughter-in-law considering Senate run, says United States media
Donald Trump did not give any comments yet about the report over her daughter-in-law's plan to run for a senate in North Carolina. White House Chief of Staff Mark Meadows might be eyeing a seat in the senate. "I love the people of North Carolina".

Football Moment that Left us Speech-Less.
With an 11- 0 score at the end of the game, Germany started the Shanghai Women’s World Cup with a world record win. Women’s World Cup 2007 Germanys women’s team opened the World Cup with a bang against Argentina.

Other news