BusinessMirror

G-20 summit opens as leaders urge united response to virus

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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, transformi­ng it from in- person meetings to a virtual gathering of speeches and declaratio­ns.

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 US, France and Germany— all G-20 member states— 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.

US President Donald Trump highlighte­d what the US has done to response to the coronaviru­s and rebuild the economy and work on vaccines, which are expected to become available soon, according to White House press secretary Kayleigh Mcenany. Trump, however, appeared not to have acknowledg­ed that Joe Biden won this month's presidenti­al election.

“It’s been a great honor to work with you and I look forward to working with you again for a long time,” Trump said, according to audio obtained by The Guardian. The South China Morning Post reported similar comments.

A day before the summit, UN Secretary- General Antonio Guterres said that while $10 billion has been invested in efforts to develop vaccines, diagnostic­s and therapeuti­cs, another $28 billion is needed for mass manufactur­ing, procuremen­t and delivery of new Covid-19 vaccines around the world.

Guterres called on more G-20 nations to join COVAX, an internatio­nal initiative to distribute Covid-19 vaccines to countries worldwide. The United States has declined to join under Trump.

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 UK, 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 Trump.

The virus shows no signs of abating as major cities in the US and Europe bring back lockdowns and curfews. The World Health Organizati­on says more cases of Covid-19 have been reported in the past four weeks than in the first six months of the pandemic.

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.

In a sign of the times, the traditiona­l "family photo" of leaders in the summit was digitally designed and superimpos­ed on a historical site just outside the Saudi capital, Riyadh, which would have hosted the gathering. The kingdom has presided over the G-20 this year.

As part of the summit, seven leaders released video messages on “Pandemic Preparedne­ss and Response.” France's President Emmanuel Macron warned of the challenges in obtaining “universal access to health technologi­es against Covid-19,” German Chancellor Angela Merkel called for strengthen­ing the World Health Organizati­on and stressed the pandemic can only be overcome if an affordable vaccine is available to all nations.

In a video statement released ahead of the summit, Johnson appealed to global leaders to harness the resources of the world's wealthiest nations to end the Covid-19 pandemic and tackle climate change.

“Our fates are in each other’s hands,” said Johnson, who plans to attend two virtual events at the summit while self- isolating at home in London after coming into contact with someone who tested positive for Covid-19.

Bolsonaro, who spent months downplayin­g the severity of the virus while deaths mounted rapidly inside Brazil, emphasized in a video message that world leaders “should take care of people’s health and of the economy at the same time.”

President Trump also participat­ed in the closeddoor virtual sessions that are taking place Saturday and Sunday. It does not appear that any leaders dropped out of the summit, despite calls by rights groups, lawmakers and EU parliament­arians for leaders to boycott the gathering to protest Saudi Arabia’s human rights record and war in Yemen.

G-20 heads of state last gathered virtually for an emergency meeting in March as the coronaviru­s was fast spreading around the world. At the time, they vowed “to do whatever it takes to overcome the pandemic.”

G-20 nations have since agreed to suspend debt payments for the world's poorest countries until mid2021 to allow those nations to focus their spending on health care and stimulus programs. The UN secretary general, however, has called on the G-20 to extend debt repayments through the end of 2021 and expand the scope to middle- income countries in need.

“I am confident that the Riyadh summit will deliver significan­t and decisive results and will lead to adopting economic and social policies that will restore hope and reassuranc­e to the people of the world,” King Salman said.

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