G20 leaders focused on global health, economy on first day of sessions
Draghi welcomed the Group of 20 leaders to Rome’s Nuvola cloud-like convention centre in the Fascist-era EUR neighbourhood, which was sealed off from the rest of the capital. Saturday’s opening session was focused on global health and the economy,
The money would be provided via the reallocation of part of $650-billion worth of special drawing rights, a foreign exchange tool used to help finance imports issued by the International Monetary Fund. The idea is for countries that don’t need the help to reallocate their special drawing rights to those that do. Participants were to include African Union President Felix Tshisekedi and Rwandan President Paul Kagame.
On the eve of the meeting, UN Secretary-General Antonio Guterres warned that the Glasgow meeting risked failure over thefrom big polluters, and challenged the G20 leaders to overcome “dangerous levels of mistrust” among themselves and with developing nations. The UN chief also blamed geopolitical divides for hampering a global vaccination plan to fight the COVID-19 pandemic, saying action “has taken a back seat to vaccine hoarding and vaccine nationalism.’’
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