G20 countries tackle post-COVID-19 water, food security issues

The world’s top 20 economic nations are holding virtual ministerial meetings to address pressing global issues such as poverty, health and energy amid the coronavirus pandemic ahead of its annual summit next month.

With many developing nations’ economies hard hit by COVID-19, G20 member states announced Wednesday they would suspend some $14 billion in debt of vulnerable nations after a meeting of the groups’ finance ministers and central bank governors. The decision, they said, will allow countries to allocate funds to urgent health needs and emergency stimulus programmes as they battle the virus this year.

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Source: The Arab Weekly