G20 leaders - The African Mirror

Jul

2021

Virus variants threaten global recovery, G20 warns

GAVIN JONES and LEIGH THOMAS AN upsurge in new coronavirus variants and poor access to vaccines in developing countries threaten the global economic recovery, finance ministers of the world's 20 largest economies warned on Saturday. The G20 gathering in the Italian city of Venice was the ministers' first face-to-face meeting since the start of the pandemic. Decisions include the endorsement of new rules aimed at stopping multinationals shifting profits to low-tax havens. That paves the way for G20 leaders to finalise a new global minimum corporate tax rate of 15% at a Rome summit in October, a move that could…

May

2021

By The African Mirror

G20 leaders to back COVID-19 vaccine voluntary licensing, no patent waiver

WORLD

FRANCESCO GUARASCIO LEADERS of the world's largest economies will today adopt a declaration recommending voluntary actions to boost COVID-19 vaccine production, snubbing a push from the United States and other nations on patent waivers, the final text shows. Several G20 leaders will speak at the summit, one of this year's major events to coordinate global actions against the pandemic. U.S. President Joe Biden is not listed among the speakers, with Vice President Kamala Harris representing the United States at the meeting, an EU Commission spokesman said. The White House did not immediately comment. The EU executive, which co-hosts the summit…

Nov

2020

By The African Mirror

African Union calls for an inclusive post-COVID-19 world economic recovery, where no country is left behind

THOUGHT LEADERSHIP

CYRIL RAMAPHOSA The COVID-19 pandemic continues to have an unprecedented impact on human health, on societies and on economies. In the midst of the pandemic – even as we battle rising global infections – we must look towards an inclusive economic recovery, where no country is left behind. It was at the extraordinary G20 Leaders’ Summit in March this year that members committed to strengthening national, regional and global capacities to respond effectively to future pandemics. As the African continent we are playing our part, including through the establishment of a COVID-19 Response Fund to mobilise resources for a continental…