COVID-19: G-20 Finance Ministers virtual summit to be held on Tuesday

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The G-20 grouping under the leadership of Saudi Arabia will see another virtual summit held on Tuesday by its Finance Ministers and Central Bank governors.

Last week,the G-20 Heads of States virtual summit saw the participation of Prime Minister Narendra Modi.

The leaders had pledged USD 3 trillion as a fiscal stimulus to keep the global economy afloat.

This virtual meeting of the Finance Minister’s and Central Bank governors is expected to work out the modalities of setting fears of recession upright and in ensuring that cross border supplies of medical equipment continues unabated.

Also Read: COVID-19 LIVE| Positive cases in India rise to 1251; death toll at 32

The worrisome situation over crude oil prices which are expected to tank to around USD 10 per barrel will also be discussed.

Russia has also called for lifting of all sanctions during this time of crisis.

The grouping will also discuss modalities to help the African continent tide over this crisis.

Prime Minister Narendra Modi had only last week called for the entire strategy dealing with this crisis to be ‘human-centeric’.

Globally, the total number of COVID-19 positive cases stands at 7,86,291 and the number of deaths at 37, 829.

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