G20 Nations Back Global Coronavirus Vaccine Access

G20 Nations Back Global Coronavirus Vaccine Access

He added there was "very clear recognition from the G20 leaders that if we leave any country behind, we will be behind".

Top world leaders are meeting virtually as worldwide efforts intensify for a large-scale rollout of coronavirus vaccines after a breakthrough in trials.

As the world leaders greeted each other on computer screens at the commencement of G20 Summit, it was a sombre acknowledgement of the new normal in the times of coronavirus pandemic. Other leaders reiterated King Salman's sentiments for a concerted response to the effects of the pandemic.

"We have mobilized resources to address the immediate financing needs in global health to support the research, development, manufacturing, and distribution of safe and effective Covid-19 diagnostics, therapeutics, and vaccines", the G20 nations said Sunday.

"We will spare no effort to ensure their affordable and equitable access for all people, consistent with members' commitments to incentivize innovation", the communiqué reads. Coordinated efforts by the largest economies of the world will surely lead to faster recovery from this pandemic.

The leaders stressed the need for a more "multilateral" approach to solving the world's troubles, including the pandemic and economic fallout. German Chancellor Angela Merkel called the pandemic "a global challenge" that could "only be overcome with a global effort".

The program frees up money for countries to purchase COVID-19 treatments and much-needed personal protective equipment or to support workers left unemployed.

"Now, more than ever, our global success depends on attaining a better path towards peace, prosperity and sustainability", the statement said.

Based on this, the G20 can lay the foundation of a new world, he said.

But as richer nations plan their vaccination programs, with the United States expecting to launch in early December, experts warn that developing countries face hurdles that could deny billions the first proven protection against the virus.

G20 Nations Back Global Coronavirus Vaccine Access

G20 nations must help plug the $4.5-billion funding gap in the so-called ACT-Accelerator, Norway's prime minister, South Africa's president and the heads of the European Union and the World Health Organization demanded in a joint letter to the group.

The Riyadh leader's declaration said, "We thank Saudi Arabia for hosting a successful Riyadh Summit and its contribution to the G20 process".

Merkel said this was a global challenge that can only be overcome by working with worldwide organizations such as the World Health Organization, the United Nations and the G20, adding that leaders needed to stump up more money for poorer nations to access vaccines.

But the group's leaders face mounting pressure to help stave off possible credit defaults across developing nations.

The communique did not offer any guarantees. According to the World Health Organization, there are 56 million total Covid cases worldwide.

But the issue barely surfaced over the weekend, with Western officials indicating they prefer to use bilateral forums to discuss the issue with Riyadh.

In a statement, the Prime Minister's Office (PMO) said Trudeau "highlighted the importance of G20 leadership and co-ordinated action to beat the COVID-19 pandemic, restore economic growth and take ambitious action to fight climate change".

President Xi speaks during a CEO Dialogue forum via video link, ahead of the Asia-Pacific Economic Cooperation (APEC) leaders' summit, hosted by APEC Malaysia, November 19, 2020. Italy will host the G20 summit in 2021. Indonesia will assume G-20 presidency in 2022 after a swap with India, Indonesian foreign minister Retno Marsudi said, adding that the change of plan was agreed considering that Indonesia would also chair the Association of Southeast Asian Nations (ASEAN) in 2023.

"Originally the Indonesian presidency was due to be in 2023", she said at a press conference.

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