Las Vegas Review-Journal (Sunday)
The annual G-20 summit got underway under the worldwide shadow of COVID-19.
Leaders of top economies commit to taking collective action
DUBAI, United Arab Emirates — The Group of 20 summit opened on Saturday with appeals by the world’s most powerful leaders to collectively chart a way forward as the coronavirus pandemic overshadows this year’s gathering.
In a sign of the times, the traditional “family photo” of leaders in the summit was digitally designed and superimposed on a historic site just outside the Saudi capital, Riyadh, which would have hosted the gathering. The kingdom has presided over the G-20 this year.
The pandemic, which has claimed more than 1.37 million lives worldwide, has offered the G-20 an opportunity to prove how such bodies can facilitate international cooperation in crises but has also underscored their shortcomings.
“We have a duty to rise to the challenge together during this summit and give a strong message of hope and reassurance,” Saudi Arabia’s King Salman said in the summit’s opening remarks.
While G-20 countries have contributed billions of dollars toward developing a vaccine for the virus, they have also mostly focused on securing their own vaccine supplies. Countries such as Britain, the U.S., France and Germany have directly negotiated deals with pharmaceutical companies to receive billions of doses, meaning that the vast majority of the world’s vaccine supply next year is already reserved.
A day before the summit, U.N. Secretary-General Antonio Guterres said that while $10 billion has been invested in efforts to develop vaccines, diagnostics and therapeutics, an additional $28 billion is needed for mass manufacturing, procurement and delivery of new COVID-19 vaccines around the world.
The pandemic has had a far-reaching economic impact on developing countries and pushed millions into extreme poverty. It has also plagued the world’s wealthiest nations, with nine G-20 countries ranking highest globally for the most cases of COVID-19 recorded.
The United States tops the list, followed by India, Brazil, France, Russia, Spain, the U.K., Argentina and Italy, according to a count kept by Johns Hopkins University.
Three G-20 leaders participating in the summit have been infected by the coronavirus this year: British Prime Minister Boris Johnson, Brazilian President Jair Bolsonaro and U.S. President Donald Trump.
The International Labor Organization says an equivalent of 225 million full-time jobs were lost in G-20 countries alone in the third quarter of 2020. G-20 member countries represent around 85 percent of the world’s economic output and three-quarters of international trade.