Saudi Arabia’s King Salman to chair G20 video talks on coronavirus

By: |
March 25, 2020 8:04 AM

"King Salman will chair the meeting to advance a coordinated global response to the COVID-19 pandemic and its human and economic implications," said a statement released by Riyadh early Wednesday.

Saudi Arabia, Saudi Arabia king salman, G20 meeting, Vladimir Putin, coronavirus pandemic, COVID-19 pandemic, latest news on saudi arabiaSaudi Arabia itself has reported 767 coronavirus infections — the highest in the Gulf — and faces the double blow of virus-led shutdowns and crashing oil prices.(Reuters photo)

Saudi Arabia’s King Salman will chair an emergency virtual summit of leaders from the Group of 20 major economies on Thursday to discuss a global response to the coronavirus pandemic. World leaders, including Russian President Vladimir Putin, will take part in the talks which the Kremlin said will take place by videoconference.

“King Salman will chair the meeting to advance a coordinated global response to the COVID-19 pandemic and its human and economic implications,” said a statement released by Riyadh early Wednesday. Saudi Arabia, which currently holds the G20 presidency, last week called for the “virtual summit” following some criticism that the group has been slow to address the global crisis.

The G20 members will be joined by leaders from other affected countries including Spain, Jordan, Singapore and Switzerland. Leaders from international organisations such as the United Nations, World Bank, the World Health Organization (WHO) and the World Trade Organization (WTO) will also participate.

France and China on Tuesday supported the idea as the global toll from COVID-19 had surged close to 16,000 and over 1.7 billion people were confined to their homes. The announcement of the summit comes as fears grow that the virus-wracked world economy will plunge into recession, which means a minimum of two successive quarters of economic contraction.

Saudi Arabia itself has reported 767 coronavirus infections — the highest in the Gulf — and faces the double blow of virus-led shutdowns and crashing oil prices. The Saudi presidency is set to see it host world leaders for a summit in Riyadh from November 21 to 22.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1US Elections: American Hindus deeply divided over Trump, Biden
2Donald Trump says will win by ‘bigger’ margin, seeks ‘thundering’ defeat for rival Biden
3Report: Tax records show Trump tried to land China projects