G20 virtual summit 2020

Chaired by Saudi Arabia, the Summit was held to discuss ways to move forward in coordinating global efforts to combat the Carona pandemic and to limit its humanitarian and economic impact.An Extraordinary Virtual G20 Leaders’ Summit was convened on 26 March 2020 to discuss the challenges posed by the outbreak of the COVID-19 pandemic and to forge a global coordinated response.

• The extraordinary G20 Summit was a culmination of the Finance Ministers and Central Bank Governors Meeting and G20 Sherpas Meeting on the COVID-19 pandemic.
• Leaders also committed to use all available policy tools to minimize the economic and social cost of the pandemic and to restore global growth, market stability and strengthening resilience.
• G20 countries committed to inject over USD 5 trillion into the global economy to counter the social and economic impact of COVID-19.
• Leaders also agreed to contribute to the WHO led COVID-19 Solidarity Response Fund on a voluntary basis.

About G20 Summit
The G20 is an international forum for the governments and central bank governors from 19 countries and the European Union. G20 founded in 1999 with the aim to discuss policy pertaining to the promotion of international financial stability.
​The G20 Finance Ministers and Central Bank Governors’ meetings were centered on major economic and monetary policy issues amongst major countries in the global financial system and aimed at promoting cooperation toward achieving stable and sustainable global economic growth for the benefit of all countries.