Saudi crown prince proposes holding two G20 summits a year

Clay Curtis
November 22, 2020

"We call on the International Monetary Fund to continue exploring additional tools that could serve its members' needs as the crisis evolves, drawing on relevant experiences from previous crises".

In the final statement, the G20 also said that members support all collaborative global efforts, including COVID-19 Tools Accelerator (ACT-A) and the COVID-19 Vaccine Global Access Facility (COVAX).

Family photo composite for G20 summit is projected onto Salwa Palace in At-Turaif, one of the country's UNESCO World Heritage sites, in Diriyah, Saudi Arabia, on November 20, 2020.

He also called on the G20 to increase "investments in biodiversity, climate action and ecosystem restoration".

Three G20 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 communique offered no details on how the effort will be funded.

The EU also promoted a recovery based on green, inclusive, sustainable, resilient and digital growth in line with the 2030 Agenda and its Sustainable Development Goals.

"We, the G20 Leaders, meeting for the second time under the Saudi Presidency, stand united in our conviction that coordinated global action, solidarity, and multilateral cooperation are more necessary today than ever to overcome the current challenges and realize opportunities of the 21st century for all by empowering people, safeguarding the planet, and shaping new frontiers".

China's President Xi Jinping speaks during a CEO Dialogue forum via video link ahead of the Asia Pacific Economic Cooperation leaders summit hosted by APEC Malaysia

But the group's leaders face mounting pressure to help stave off possible credit defaults across developing nations.

It has extended a debt service suspension initiative (DSSI) for developing countries until June next year, but UN Secretary-General Antonio Guterres has pushed for a commitment to extend it until the end of 2021. President Michel said: "COVID-19 has come as a surprise to many of us". 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. For the first time since Trump took office in 2017, the USA did not quibble over the climate language - a move that was interpreted as reflecting Washington's closeness to Riyadh and the fact that technically the US has quit the Paris climate accords, rather than any shift in policy.

According to a statement from the Presidential Secretariat's Press Bureau, received here on Saturday night, Minister of Foreign Affairs, Retno Marsudi, Minister of Finance, Sri Mulyani, Cabinet Secretary Pramono Anung, and Indonesian G20 Sherpa Rizal Affandi Lukman, who is also deputy of worldwide economic cooperation at the Coordinating Ministry for Economic Affairs, also attended the summit alongside President Widodo.

Trump on Sunday defended his decision to pull out of the Paris climate accord, calling it "unfair and one-sided" even as President-elect Biden has pledged to rejoin the landmark agreement.

"By early next year, countries representing more than 65 per cent of global carbon dioxide emissions - and more than 70 per cent of the world economy - are very likely to have made ambitious commitments to carbon neutrality", he said. "It was created to kill the American economy".

The US and China are the top two polluters of the world.

But some Western officials have indicated human rights will not be raised at the summit, saying they prefer to use bilateral forums to discuss the issue with Riyadh.

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