Coronavirus: G20 Commits USD 5 Trillion As Modi Pitches For Human Safety First

Coronavirus: G20 Commits USD 5 Trillion As Modi Pitches For Human Safety First 1

Coronavirus: G20 Commits USD 5 Trillion As Modi Pitches For Human Safety First 2

Even as G20 countries have committed to inject over USD 5 trillion into the global economy to counter the social and economic impact of Coronavirus, Prime Minister Narendra Modi has called on the international body to come out with a concrete action plan to fight the global pandemic.

Thanking Crown Prince of Saudi Arabia for convening the extraordinary session of G20. Prime Minister Narendra Modi noted the alarming social and economic cost of the pandemic.

He added that 90 per cent of the COVID-19 cases and 88 per cent of deaths were in G20 countries even as they share 80 per cent of world GDP and 60 per cent of world population.

They also agreed to contribute to the WHO-led COVID-19 Solidarity Response Fund on a voluntary basis.

Underscoring the need to put human beings at the centre of the vision of global prosperity and cooperation, Modi asked the countries to freely and openly share the benefits of medical research and development.

They should also freely share develop adaptive, responsive and humane healthcare systems, promote new crisis management protocols and procedures for an inter-connected global village, he said.

G20 also should strengthen and reform intergovernmental organisations like the WHO and work together to reduce economic hardships resulting from COVID-19 particularly for the economically weak, Modi said.

Modi called on the leaders to help usher in a new globalization, for the collective well-being of humankind and have multilateral fora focus on promoting the shared interests of humanity.

G20 Leaders called for a coordinated global response to fight the pandemic, adopting measures to safeguard the global economy, minimizing trade disruption and steps to enhance global cooperation.

An Extraordinary Virtual G20 Leaders’ Summit was convened today (March 26) to discuss the challenges posed by the outbreak of the coronavirus pandemic and to forge a global coordinated response.

Earlier, Modi had a telephonic conversation with the Crown Prince of Saudi Arabia on this subject.

The summit was a culmination of the Finance Ministers and Central Bank Governors Meeting and G20 Sherpas Meeting on the COVID-19 pandemic.

At the meeting, G20 Leaders agreed to take all necessary measures to contain the pandemic and protect people.

They also supported strengthening of the WHO’s mandate in the fight against pandemics, including delivery of medical supplies, diagnostic tools, treatments, medicines and vaccines.

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