World leaders are set to hold a virtual summit to plan a global response for the Coronavirus (COVID-19) pandemic. This extraordinary event will happen in a few days under the G20 presidency currently held by Saudi Arabia.
According to Sky News, the Saudi Arabia organizers said it is pertinent for an agreement to be reached on how to collectively move forward on the COVID-19 pandemic.
The meeting will be following a virtual summit of G20 finance ministers and central bank governors that was held on Monday. During that meeting, the G20 finance ministers agreed to develop a G20 Joint Action Plan.
They also discussed the role of the IMF, World Bank and other international financial institutions to “deploy all available resources and explore additional measures needed to support financial stability and alleviate liquidity constraints for emerging markets and developing economies”.