Group of 20 major economies should work to provide trillions of dollars in trade financing for developing countries to ensure the recovery of the global economy from the COVID-19 pandemic, a top official with the World Trade Organization said on Saturday.
Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum said Saturday’s virtual G20 summit testified to Saudi Arabia’s “global pioneering role and its keen support to global efforts to overcome all challenges facing nations of the world,” Emirates News Agency (WAM) reported.
Women’s empowerment is on the G20 agenda, yet several Saudi women’s rights activists are in jail or are facing trial.
This essay offers a general assessment of Japan’s performance in the 2019 G20 and G7 Summits, held respectively in Osaka, Japan and Biarritz, France and looks at how Tokyo coordinated with its European partners (The European Union (EU) institutions and the EU Member States) in these international settings.
Confirmed cases of the novel coronavirus (Covid-19) exceed 3 million as of April 30 and continue to climb. To combat the virus’ spread, governments have implemented restrictions on economic activity unprecedented in peacetime. The Organisation for Economic Co-operation and Development estimates that containment measures will cause an initial decline in the level of output of 20 to 25 percent in many economies, and the International Monetary Fund (IMF) projects negative global growth for 2020 with “the worst economic fallout since the Great Depression.”
Author: Kazuhiko Togo, Kyoto Sangyo University