Forex

2020 G20 Virtual Summit

2020-G20-Virtual-Summit

G20, the group of 20 counties formed for global financial security, responsible for bringing largest growing economies to one table, contributing trillions to IMF and World Bank announced the virtual summits in the light of pandemic on Nov 21-22.

The main agenda of discussion remains pandemic related economic and social shortcomings and a futuristic approach to a new beginning after the restoration of normalcy.

G20 has inflated the world economy by liquidating $11 trillion to it, and a debt suspension initiative has been motioned for minimum developed countries, permitting to defer up to $14 billion in debt payments.

And additional $21 billion has been made available for production, distribution and access to diagnostics, therapeutics and vaccines.

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