The leaders of the Group of 20 countries pledged to the major economies to pump more than five trillion dollars into the global economy, to reduce job losses and decrease in income due to the outbreak of the Corona virus, and to do everything possible to overcome this pandemic.
The leaders showed a unity that has exceeded any aspect of unity since the group was founded during the 2008-2009 financial crisis, and they said at the summit, which was held via closed-circuit television, that they are committed to taking and implementing all necessary health measures to reduce the spread of the virus. In their closing statement, they emphasized: "The G20 is committed to doing everything possible to overcome this pandemic, in cooperation with the World Health Organization, the International Monetary Fund, the World Bank Group, the United Nations, and other international organizations."
The statement carried a conciliatory tone that had been the group's most prominent on trade for years, as leaders pledged to "ensure the flow of vital medical supplies, essential agricultural products, and other goods and services across borders", as well as work to "tackle turmoil in global supply chains".
But the group refrained from calling for an end to the export embargo imposed by some countries on medical supplies, although leaders said there was a need "to coordinate responses associated with (international trade), so as to avoid unnecessary interference in movement and international trade."
The statement also stated that the emergency measures aimed at protecting health will be "targeted, proportionate, transparent and temporary."
The group leaders expressed concern about the risks faced by "developing and least developed" countries, especially in Africa, and in refugee gatherings, and recognized the need to strengthen global financial security networks and local health systems.
Saudi Arabia, which currently chairs the group, called for an extraordinary summit via a television circle, in light of criticism of the group's slow response to the crisis of the Corona virus, which has infected more than half a million people worldwide, and killed about 24 thousand, and is expected to lead to a global recession.
The group said it would "pump more than $ 5 trillion into the global economy, as part of targeted financial policies, economic measures and guarantee plans, to meet the social, economic and financial impacts of the pandemic."
He pledged to ensure the flow of medical supplies and agricultural products across the border.