The Group of 20 summit opened on Saturday with appeals by the world’s most powerful leaders to collectively chart a way forward as the coronavirus pandemic overshadows this year’s gathering, transforming it from in-person meetings to a virtual gathering of speeches and declarations.
In a sign of the times, the traditional “family photo” of leaders in the summit was digitally designed and superimposed on a historical site just outside the Saudi capital, Riyadh, which would have hosted the gathering. The kingdom has presided over the G-20 this year.
The pandemic, which has claimed more than 1.37 million lives worldwide, has offered the G-20 an opportunity to prove how such bodies can facilitate international co-operation in crises — but has also underscored their shortcomings.
“We have a duty to rise to the challenge together during this summit and give a strong message of hope and reassurance,” Saudi Arabia’s King Salman said in the summit’s opening remarks, reports Global News.
While G-20 countries have contributed billions of dollars toward developing a vaccine for the virus, they have also mostly focused on securing their own vaccine supplies. Countries such as Britain, the U.S., France and Germany — all G-20 member states — have directly negotiated deals with pharmaceutical companies to receive billions of doses, meaning that the vast majority of the world’s vaccine supply next year is already reserved.
A day before the summit, U.N. Secretary-General Antonio Guterres said that while $10 billion has been invested in efforts to develop vaccines, diagnostics and therapeutics, another $28 billion is needed for mass manufacturing, procurement and delivery of new Covid-19 vaccines around the world.
Guterres called on more G-20 nations to join COVAX, an international initiative to distribute Covid-19 vaccines to countries worldwide. The United States has declined to join under Trump.
The pandemic has had a far-reaching economic impact on developing countries and pushed millions into extreme poverty. It has also plagued the world’s wealthiest nations, with nine G-20 countries ranking highest globally for the most cases of Covid-19 recorded. The United States tops the list, followed by India, Brazil, France, Russia, Spain, the U.K., Argentina and Italy, according to a count kept by Johns Hopkins University.
Three G-20 leaders participating in the summit have been infected by the coronavirus this year: British Prime Minister Boris Johnson, Brazilian President Jair Bolsonaro and U.S. President Donald Trump.
The virus shows no signs of abating as major cities in the U.S. and Europe bring back lockdowns and curfews. 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.
The International Labor Organization says an equivalent of 225 million full-time jobs were lost in G-20 countries alone in the third quarter of 2020. G-20 member-countries represent around 85 per cent of the world’s economic output and three-quarters of international trade.