CSC signs MoU on establishing Saudi-Greek Business Council    Eng. Al-Falih starts Greece visit with aim of strengthening investment relations    Photo exhibition on march of Saudi Arabia's kings, urban development opened    Tourism Ministry highlights investment opportunities in AHIC    EU calls for quick resumption of Iran nuclear talks    French ambassador to return to Washington after Macron-Biden talks    A peep into diverse manifestations of National Day festivities during 56 years    Afghanistan's healthcare system on brink of collapse, as hunger hits 95 percent of families    Saudis, expats mourn death of prominent Filipino preacher in Riyadh    The Crown Prince's keenness to develop citizens' capabilities    Joe Biden plays down chances of UK-US trade deal    Saudi Arabia observes Alzheimer's Day with rest of world    Sex and the City star Willie Garson dies aged 57    Saudi exports increase 79.6% in July    Workshop organized with investors from German companies in Riyadh    John Lennon stamps inspiring message of peace, on UN's big week    Al Burj, Chinar, CSG, Kashmir Stags, ARM, Pak Zalmi record big wins in Kanoo League    Four million Indians suffer from obstructive sleep apnea, conference told    Saudi International, Asian Tour confirm historic partnership    Boxer Pacquiao to run for Philippine president in 2022    Saudi Arabia to host Youth Weightlifting World Championships    Bollywood actor Sidharth Shukla dies at 40    Custodian of the Two Holy Mosques Directs KSrelief to Urgently Provide Malaysia with Medical, Preventive Equipment and Supplies to Address COVID-19 Pandemic    Custodian of the Two Holy Mosques Congratulates President of Maldives on Independence Day    Weather Forecast for Sunday    RSNF Commander Patronizes Ceremonial Launching of His Majesty's Ship "Jazan"    OIC Condemns Houthi Attempts to Target Civilians in Saudi Arabia    Philippines evacuates thousands as monsoon rains flood cities, provinces    Heavy rain in India triggers floods, landslides; at least 125 dead    U.S. Records 64,321 New Infections of Coronavirus    Without Fans, Tokyo Olympics Kicked Off    Pilgrims Perform Dhuhr and Asr Prayers at Arafat Holy Site    Dr. Mohammed Sulaiman Al-Jasser, Saudi Arabia's Pick to Chair IsDB Group for the next five years, unanimously approved by BoG Committee of Procedures    Saudi Press: Fitch affirms Saudi Credit Rating at "A" with a revised outlook to stable from negative    Handled Cargo at Saudi Ports Increases during June 2021    SDAIA, DARP & STC Launch Pilgrim's Smart Bracelet (NUSK)    Tabuk sculptor spends 8 years in carving entire Holy Qur'an on 30 marble slabs    2 Goals by Diaz Gives Colombia 3rd Place at Copa America    Legendary actor Dilip Kumar, 98, passes away, and with him an era    Saudi Cinema Night at Arab World Institute in Paris Kicks Off    KSU Leads Joint International Scientific Project for Early Detection of Breast Cancer    Saudi Arabia to Participate in Cannes Film Festival 2021    Arab Cup U-17 Championship Draw Saudi Arabia, Morocco, Palestine, Kuwait, in the 1st Group    AWI Hosts Saudi Cinema Nights in Paris    Brazil Beats Chile at Copa America Despite 2nd-Half Red Card    Council of Senior Scholars: Muslim Brothers' Group Don't Represent Method of Islam, rather only Follows its Partisan Objectives, Violating our Graceful Religion    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    Pilgrims Perform Dhuhr and Asr Prayers in Arafat Holy Site    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

UN chief to press G20 for greater solidarity and support during pandemic
Published in The Saudi Gazette on 21 - 11 - 2020

When he addresses leaders of the world's richest countries at the G20 summit on Saturday, UN Secretary-General António Guterres will deliver a simple message on the COVID-19 pandemic: "We need solidarity and cooperation. And we need concrete action now — especially for the most vulnerable."
Speaking in New York on the eve of the virtual meeting, the UN chief told reporters that the world must ensure recovery from the crisis will be inclusive, sustainable and in line with global climate goals.
"The recent breakthroughs on COVID-19 vaccines offer a ray of hope. But that ray of hope needs to reach everyone. That means ensuring that vaccines are treated as a global public good — a people's vaccine accessible and affordable to everyone, everywhere," he said.
"This is not a ‘do-good' exercise. It is the only way to stop the pandemic dead in its tracks. Solidarity is indeed survival."
Vaccines for all
The leaders participating in the G20 summit, hosted online this year by Saudi Arabia, collectively represent around 80 percent of the world's economic output and 75 per cent of international trade, according to the website for the event.
The secretary-general will press them to support global mechanisms striving to make any COVID-19 vaccines and therapeutics affordable and accessible to anyone, anywhere, who needs them.
Although countries have so far invested $10 billion in the Access to COVID-19 Tools (ACT) Accelerator and its vaccine pillar, the COVAX Facility, they are still underfunded.
Some $28 billion more is needed, including $4.2 billion before the end of the year, according to Guterres,
"This funding is critical for mass manufacturing, procurement and delivery of new COVID-19 vaccines and tools around the world," he said. "G20 countries have the resources."
He added that the UN is also working to combat damaging vaccine myths, conspiracies and other misinformation on social media, in efforts to strengthen public trust and save lives.
Averting a ‘debt pandemic'
With the pandemic putting developing countries "on the precipice of financial ruin and escalating poverty, hunger and untold suffering", the Secretary-General will again appeal for stepped-up support from the G20.
He will call for the bloc to increase financial resources available to the International Monetary Fund (IMF), including through a new allocation of Special Drawing Rights, which are a type of supplementary reserve asset that can boost liquidity during crises.
The G20 also has suspended debt service payments from more than 70 of the world's poorest countries through June 2021, among other welcoming measures. However, the UN chief wants leaders to do more.
"I am pushing for a further extension through the end of 2021 and, critically, to expand the scope of the initiatives to all developing and middle-income countries in need," he said.
"And we need to build a global architecture to enhance debt transparency and sustainability. A domino effect of bankruptcies could devastate the global economy. We cannot let the COVID pandemic lead to a debt pandemic."
‘A quantum leap towards carbon neutrality'
Guterres stressed that pandemic recovery must be aligned with global targets for sustainable development and slowing climate change. He pointed to hopeful developments, such as the growing coalition of countries pledging to achieve carbon neutrality by 2050.
"I firmly believe that 2021 can be a new kind of leap year - the year of a quantum leap towards carbon neutrality. We must all make that leap together. It will not be possible without developing countries. They will need significant support. Here, too, solidarity is survival," he told correspondents. — UN News

Clic here to read the story from its source.