Member countries of the Group of 20 (G20) has pledged more than $21 billion to fight COVID-19 pandemic. The group has coordinated the global efforts by pledging more than $21 billion to improve the global health and hence supporting the fight against the COVID-19 pandemic.
G20 leaders also appealed to the World Bank and the International Monetary Fund to facilitate their support to countries in need using all instruments to the fullest extent.
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).