Saudi Gazette report

RIYADH — Custodian of the Two Holy Mosques King Salman will chair the 2020 G20 Leaders' Summit virtually on Nov. 21-22.

The G20 Presidency will build on the success of the extraordinary virtual G20 Leaders' Summit held in March and on the outcomes of over 100 virtual working groups and ministerial meetings.

The G20 is leading the fight against this global pandemic, taking swift and unprecedented actions to protect lives, livelihoods and the most vulnerable. The G20 has contributed over $21 billion to support the production, distribution, and access to diagnostics, therapeutics, and vaccines.

The G20 has injected $11 trillion to safeguard the global economy and launched a debt suspension initiative for the least developed countries. The debt suspension initiative would allow beneficiary countries to defer $14 billion in debt payments due this year and use these amounts for financing their health systems and social programs.

The upcoming G20 Leaders' Summit will focus on protecting lives and restoring growth, by addressing vulnerabilities uncovered during the pandemic and laying down the foundations for a better future.

The Summit will also focus on fostering international action to realize opportunities of the 21st century for all, by empowering people and protecting our planet, while harnessing the potential of innovation to shape new frontiers.