(Source: Overseas Network 2020-03-25)
Abstract: In the face of major global crises, major countries like G20 members should play a more constructive role. In addition, the G20 members themselves are currently facing a severe epidemic prevention situation and require cooperation and mutual assistance among themselves.
The G20 finance ministers and central bank governors held a video conference. (Source: G20 Twitter)
As the COVID-19 epidemic sweeps the world and the world economy is under tremendous pressure, on the evening of March 23, local Saudi time, the finance ministers and central bank governors of the Group of Twenty (G20) held a video conference to focus on discussing the impact of the epidemic on the global economy and countermeasures. Mohammad Al-Jadaan, the Minister of Finance of Saudi Arabia, which holds the rotating presidency, revealed at the meeting that the G20 leaders’ video summit will be held within a few days, and the meeting will focus on the important issue of how to coordinate the international community’s response to the COVID-19 epidemic.
The G20 was established in 1999 and has now developed into a major international cooperation mechanism for global governance. Looking back at the development history of the G20, the emergence and development opportunities of the G20 mechanism were exactly two financial crises that impacted the world. In the face of the unprecedented crisis of the COVID-19 epidemic, can the G20 play an important role in crisis response? In this regard,Tu Xinquan, Dean of the China World w88 Organization Research Institute at the w88 casinomeans,In the face of major global crises, major countries like G20 members should play a more constructive role. In addition, the G20 members themselves are currently facing a severe epidemic prevention situation and require cooperation and mutual assistance among themselves.
The world looks forward to the G20 coordinating international economic cooperation to minimize the impact of the epidemic on the world economy.Promoting world economic development and ensuring international financial stability are not only the original intention of the establishment of the G20, but also the goals that the G20 has always pursued. At present, it seems that the impact of the COVID-19 epidemic on the global economy is inevitable. United Nations Secretary-General António Guterres stated that workers around the world may lose up to US$3.4 trillion in income; Kristalina Georgieva, President of the International Monetary Fund, bluntly stated that the global economy will fall into negative growth in 2020, and the degree of recession will be at least equivalent to, or even more serious than, the 2008 financial crisis. At this critical moment, the international community needs the G20 to step forward again. A series of measures taken by the G20 in response to the 2008 international financial crisis prevented the world economy from sliding further into the abyss: providing US$1.1 trillion in funds to multilateral financial institutions such as the IMF and the World Bank to help countries around the world, especially developing countries, overcome difficulties; providing US$250 billion in w88 financing to promote global economic recovery; unanimously committing to maintaining w88 andInvestmentOpening up, opposing investment and w88 barriers, and ensuring smooth w88 channels...Strengthening macro-policy coordination and adopting all necessary fiscal, monetary, and structural policy tools are also of high reference value when dealing with the current COVID-19 crisis.
The world expects that the G20 can promote countries to reach consensus on medical and scientific research cooperation in epidemic prevention.Compared to political, economic and other issues, public health occupies a relatively marginal position in international cooperation. However, in recent years, against the background of frequent international public health security issues, health cooperation within the G20 is accelerating. As of 2019, the G20 Health Ministers' Meeting has been held for three consecutive sessions. All parties have shared experiences and practices on health emergency preparedness, infectious disease information surveillance systems, risk communication and other topics, laying a foundation for the establishment and improvement of subsequent relevant mechanisms. In response to the shortcomings in public health governance exposed by the COVID-19 epidemic, G20 members have made a commitment to support the work of the World Health Organization and work closely with it to monitor the epidemic, share relevant information, and encourage the adoption of preventive measures, early detection, and early diagnosis and treatment. At the same time, the G20 will also provide greater support for establishing early warning systems, improving diagnosis and treatment plans, and developing vaccines.
The world expects that the G20 can boost confidence in multilateralism at a critical moment in the global fight against the epidemic.In the face of global threats such as cross-border infectious diseases, countries should replace differences with unity and multilateral cooperation instead of unilateral actions. The G20's unanimity will undoubtedly boost the international community's confidence in fighting the epidemic.
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http://opinion.haiwainet.cn/n/2020/0325/c353596-31750752.html
