Leaders of the world's most powerful economies will convene virtually to try and coordinate a response to the fast-spreading coronavirus, which has shuttered businesses and forced well over 1.5 billion people into home isolation.
A worker sprays disinfectant at the pedestrian walkway at Senayan Sports Complex amid coronavirus outbreak, in Jakarta, Indonesia, Thursday, March 26, 2020. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death.
The meeting comes amid criticism that the world’s wealthiest countries have not taken cohesive action to combat the virus or its economic impact on people around the world. Officials from Spain, Jordan, Singapore and Switzerland will also take part in the call, as well as chairs of regional bodies like the African Union, the Association of South-East Asian Nations and the Gulf Cooperation Council.
The lenders called for a suspension of debt payments from these countries and asked G20 leaders to task the World Bank and IMF with making the needed assessments on which countries have unsustainable debt situations and immediate financing requirements.
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