Coronavirus | G20 commits $5 trillion amid COVID-19 scare

PM Modi calls for bigger mandate and more funding for WHO that has ‘failed to adapt itself to deal with the new challenges’

Updated - March 27, 2020 02:48 am IST

Published - March 26, 2020 10:15 pm IST - New Delhi

Prime Minister Narendra Modi interacts with fellow world leaders during the virtual G20 Summit, to advance a coordinate global response to the COVID-19 pandemic, in New Delhi.

Prime Minister Narendra Modi interacts with fellow world leaders during the virtual G20 Summit, to advance a coordinate global response to the COVID-19 pandemic, in New Delhi.

The world needs to “redefine” its conversations on globalisation to include social and humanitarian issues like terrorism, climate change and pandemics along with financial and economic discussions, said Prime Minister Narendra Modi, speaking at a video-conference of leaders of the world’s top twenty economies, the G-20, hosted by the Saudi King Salman bin Abdulaziz Al Saud to discuss the coronavirus pandemic .

According to a release, the G20 countries committed on Thursday to inject more than $5 trillion into the global economy, and contribute to the World Health Organisation (WHO) led COVID-19 solidarity response fund.

Read: Aim is to win the war against COVID-19 in 21 days, says Narendra Modi

“The unprecedented COVID-19 pandemic is a powerful reminder of our interconnectedness and vulnerabilities. The virus respects no borders. Combating this pandemic calls for a transparent, robust, coordinated, large-scale and science-based global response in the spirit of solidarity,” said a joint statement issued at the end of the extraordinary summit. “We will share timely and transparent information; exchange epidemiological and clinical data; share materials necessary for research and development; and strengthen health systems globally, including through supporting the full implementation of the WHO International Health Regulations.”

More interactions

The leaders agreed to have more interactions of G-20 Foreign Ministers, health officials and the respective Sherpas before the Riyadh Summit of the G-20 nations in November 2020.

Strong signal

In his opening remarks King Salman spoke of the impact of the COVID-19 pandemic on global growth and financial markets. He said that the G-20 must send a “strong signal to restore confidence in the global economy by resuming, as soon as possible, the normal flow of goods and services, especially vital medical supplies.” In the effort to control the pandemic, most countries have acted individually he said, stressing the need for a more coordinated effort.

Interactive map of confirmed coronavirus cases in India

Prime Minister Modi, who had first suggested the video-conference, also called for a bigger mandate and more funding for the World Health Organisation, which he said had failed to “adapt itself to deal with the new challenges the international community has faced.”

WHO’s “failure”

Many countries have been critical of WHO’s failure to alert the world quickly enough of the potential threat from the pandemic, even after it had been informed of its spread in Wuhan by China on December 31 last year. Others, most notably the United States, have been particularly critical of China for not having been transparent and shared information about the pandemic, and have even called for the virus to be named the “Chinese virus” or the “Wuhan virus,” a move China has opposed strongly.

Finally, there have been differences in the approach by G-20 countries towards lockdowns in order to control the pandemic spread through social distancing. Last week, Mr. Trump had hinted that he wanted to lift the shutdown in the US as it was impacting the economy, saying that the “cure cannot be worse than the problem itself.”

Brazilian president Jair Bolsonaro has called state-imposed lockdowns a “crime,” while countries like India have imposed a stringent 21-day lockdown across the country.


When asked about all the differences, sources privy to the deliberations said that there had been no “effort to ascribe blame or responsibility” for the pandemic, and the focus for the G-20 leadership was on how to handle the global challenge and help the rest of the world deal with it.

The G-20 comprises 19 countries — Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, United Kingdom and the United States.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.