In support of the international efforts to address the Covid-19 pandemic, The Ministry of Finance (MoF) participated in the virtual G20 meetings, which took place over the past three days.
The Saudi energy minister told a conference of the G20 group of the world’s largest economies on Friday that ensuring affordable energy supply is key to facilitating a global economic recovery.
Obaid Humaid Al Tayer, Minister of State for Financial Affairs, participated on Monday in a virtual meeting with G20 ministers of finance and central bank governors,
Sheikh Mohamed Bin Zayed thanked Saudi Arabia and King Salman for organising the G20 summit, to strengthen the international efforts to prevent the spread of coronavirus. Holding the summit highlighted the awareness of G20 members of the gravity of the situation and their international responsibilities during this critical period, he added.
Eng Sultan bin Saeed Al Mansoori, UAE Minister of Economy, participated in the extraordinary G20 Digital Economy Ministerial Meeting, which was attended by economic ministers of all G20 member states.
Japan seized the last event of its G20 presidency on Friday to push back at South Korean claims about radiation from its ruined Fukushima nuclear plant as a deep dispute between Tokyo and Seoul
The Japanese and South Korean foreign ministers met on the sidelines of a Japan-hosted G-20 meeting Saturday, a day after Seoul kept alive a 2016 military intelligence sharing pact with Tokyo, reversing its planned termination amid bilateral tensions.
G20 members and invited countries have pledged more than $21 billion to fight COVID-19 and, with a spirit of solidarity, have shown they will spare no effort to protect lives and the most vulnerable.
G20 finance ministers and central bankers agreed during a separate video conference on Monday to develop an "action plan" to respond to the outbreak, which the International Monetary Fund expects will trigger a global recession.