Saudi Arabia says G20 summit to be held virtually on Nov 21-22

G20 launched a debt suspension plan for least developed nations to allow deference of debt payments. (Twitter pic/g20org)

CAIRO: The G20 leaders’ summit will be held virtually on Nov 21-22, Saudi Arabia said on Monday.

The summit will focus on protecting lives and restoring growth by addressing vulnerabilities uncovered during the pandemic and by laying down foundations for a better future, the government said in a statement.

“The G20 has contributed over US$21 billion to support the production, distribution and access to diagnostics, therapeutics and vaccines,” the statement said.

It has also injected US$11 trillion to safeguard the global economy and launched a debt suspension initiative for least developed countries allowing them to defer US$14 billion in debt payments due this year.

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