G-20 has launched a new initiative “Access to COVID-19 Tools Accelerator” under the presidency of Saudi Arabia. The new initiative “Access to COVID-19 Tools Accelerator” will act as global platform for action to improve connections as well as to leverage interdependencies for collective partnership, mobilizing, problem-solving, and guiding investments for new COVID-19 diagnostics, therapeutics as well as vaccines. It also aims to provide equitable access of all the tools to all the members.
During the launch event of “Access to COVID-19 Tools Accelerator” launched by G-20, the Finance Minister of Saudi Arabia, Mohammed Aljadaan urged all the member countries to come together and cooperate to face this global challenge of COVID-19 pandemic together in order to overcome extraordinary uncertainty faced by the international community.
Important takeaways for all competitive exams:
- The Group of Twenty (G20) is the premier forum for international economic cooperation which brings together the leaders of both developed and developing countries from every continent.
- The members of the G20 group are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, Republic of Korea, Turkey, the United Kingdom, the United States and the European Union (EU).
- Capital of Saudi Arabia: Riyadh; Currency: Saudi riyal.