Jordan urges G20 to add developing economies to coronavirus response schemes

Jordan

Published: 2020-11-21 16:42

Last Updated: 2020-11-21 16:47


Jordan urges G20 to add developing economies to coronavirus response schemes
Jordan urges G20 to add developing economies to coronavirus response schemes

Jordan called on members of the G20 Saturday to include emerging and developing economies in their health and economic relief plans that aim to respond to the coronavirus crisis.

During a virtual G20 finance ministers conference, the Jordanian Minister of Finance Mohammad al-Ississ said emerging economies were already struggling with economic and financial challenges before the coronavirus pandemic and have not fully recovered from the last global financial downturn.

No country is safe from the health and economic repercussions of the crisis, said Ississ. He stressed the need for preemptive solutions instead of reactive solutions, which aim to enhance economic resilience. The G20 should give developing economies the "financial space" they need to mitigate the repercussions of the crisis before the situation becomes more severe and dangerous, he said.

Ississ thanked Saudi Arabia, the current chair of G20, for its efforts to host all meetings amid the coronavirus crisis.