- G20 countries commit to a "united front" in the fight against the corona virus
- G20 is expected to bring $ 5 trillion to the global economy to counter the effects of the crisis
- PM Modi said that WHO, based on the model of the last century, needs reform
The G20 countries pledged a "united front" in the fight against the coronavirus pandemic on Thursday, declaring that they would donate $ 5 trillion to the global economy to counter the effects of the crisis. Prime Minister Narendra Modi called for a concrete action plan and for a reform of the World Health Organization (WHO).
"Tackling this pandemic requires a transparent, robust, coordinated, large-scale and science-based global response in a spirit of solidarity," the G20 said in a statement after an online emergency summit.
"We are determined to present a unified front against this common threat."
The group of the 20 most industrialized nations said they invested over $ 5 trillion in the global economy "to counter the social, economic and financial impact of the pandemic".
"The scale and scope of this response will put the global economy back on its feet and create a strong foundation for protecting jobs and restoring growth," the statement said.
Given the growing concern of poorer countries with little or no access to capital markets or adequate health facilities, the International Monetary Fund and the World Bank have called on the G20 to support their call for governments to end debt payments.
The group promised to work quickly with the IMF, World Health Organization and regional banks to develop a "robust" financial package to support developing countries.
In the fight against the novel corona virus, the heads of state and government committed themselves to a number of measures, including the exchange of research and data, the strengthening of health systems and the expansion of production capacities to meet the demand for medical care.
"To secure the future, we are committed to strengthening national, regional and global capacities to respond to potential outbreaks of infectious diseases," the statement said.
(With input from AFP)