Jakarta: The members of the G20 will hold an extraordinary virtual summit on Thursday, March 26, 2020 to discuss the handling of the coronavirus pandemic.
At the meeting, President Joko "Jokowi" Widodo will discuss with leaders of G20 member countries and related international organizations including the UN, WHO, World Bank and IMF.
"It is hoped that the G20 leaders can produce a Joint Statement regarding covid-19," the Ministry of Foreign Affairs stated in a written statement here on Wednesday, March 25, 2020.
According to the IMF, the impact of covid-19 pandemic has the potential to be as bad as the global economic crisis in 2008.
For this reason, the G20 meeting is very much awaited by the world to support financial stability and the world economy.
Besides encouraging global solidarity, President Jokowi will also raise a number of issues, including the importance of coordinated actions and access to health equipment and vaccines.
For Indonesia and other developing countries, financial support in bilateral, regional or multilateral mechanisms needs to be supported by increased international cooperation in combating COVID-19 and all its economic and social impacts.
The G20, formed in 1999, is the main forum for international economic cooperation that has a strategic position that collectively represents 85 percent of global GDP, 75 percent of global trade and 2/3 of the world's population.