SINGAPORE: Prime Minister Lee Hsien Loong will attend the Group of Twenty (G20) virtual summit in Riyadh this weekend, where leaders will discuss “collective efforts” to overcome the COVID-19 pandemic, the Prime Minister’s Office said Minister (PMO) on Friday (November 20).
The summit is scheduled to take place from 9 p.m. on Saturday and from 8:30 p.m. Sunday, the prime minister’s office said in a press release.
Singapore, although not a member of the G20, is a guest country of Saudi Arabia, which is assuming the G20 presidency this year.
Six other invited countries were also invited, including Spain, permanent guest, and Vietnam, president of the Association of Southeast Asian Nations. The other four are Jordan, Switzerland, Rwanda (president of the New Partnership for Africa’s Development) and the United Arab Emirates (president of the Gulf Cooperation Council).
Other summit participants include the leaders of the G20 countries, the United Nations Secretary General and heads of multilateral organizations.
Discussions at the summit will focus on “collective efforts” to overcome the COVID-19 pandemic, restore growth and jobs, and build an inclusive, sustainable and resilient future, the PMO said.
Mr. Lee will be accompanied by officials from the Ministries of Finance and Foreign Affairs.
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King Salman bin Abdulaziz Al Saud will chair the summit, which marks the last official event of the Saudi G20 presidency this year.
In a statement released last month, G20 financial leaders pledged to “do whatever it takes” to support the global economy and financial stability. They also stressed the urgent need to bring the COVID-19 pandemic under control.
Last week, the group announced that low-income countries hardest hit by the economic fallout from the pandemic could potentially obtain an extension of their debt payments beyond mid-2021 and, in worst cases. serious, debt cancellation.
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