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Trump made US a joke at G20. World leaders should keep treating it as such after The Don's gone

14 9 0
23.11.2020

The 2020 G20 Riyadh summit took place over the weekend with participating nations discussing greater cooperation in fighting the Covid-19 pandemic, the global economic recovery, climate change and debt relief for poorer countries. Expectations had been low, as the world has so far fallen short on a common response to the once-in-a-century global threat – a dual public health and economic disaster.

The International Monetary Fund (IMF) issued a report before this summit, warning the G20 that an uncoordinated response to managing the disaster will cost approximately two-thirds more than a joint approach – obviously something of great concern to every nation in the world. The scars, the IMF reasoned, will undoubtedly be deep as infections in most parts of the world rise yet again, prompting new restrictions and lockdowns in some cases.

As successful vaccine candidates emerge, failing to take advantage of a collective response on vaccine rollout will no doubt cause the pandemic to linger for at least several months – potentially even years – longer than it would have otherwise. It will deepen inequality as richer nations elbow poorer nations out of vaccine access. But, of course, as the World Health Organization (WHO) has repeated, everybody cannot be safe until everyone is safe – and this holds true for the economy.

“A sustainable economic recovery cannot be achieved anywhere unless we defeat the pandemic everywhere,” IMF head Kristalina Georgieva wrote on Thursday,........

© RT.com


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