BEIJING: Chinese President Xi Jinping has called for great efforts to build a world of shared prosperity and zero poverty, as G20 leaders are stepping up efforts to help poor and highly indebted countries, CGTN reported on Monday.
The economic impact of the COVID-19 pandemic dominated the agenda of the two-day G20 Summit under the chairmanship of Saudi Arabia. The global pandemic has thrown the global economy into a deep recession this year, and G20 leaders are urged to make efforts to underpin an economic rebound in 2021. Speaking at Sunday’s meeting, Xi said G20 countries must prioritize development to end global poverty and provide debt relief for developing countries.
Xi said development is the key to eliminating poverty. G20 members must prioritize the agenda of development in global macro-policy coordination and implement the 2030 Agenda for Sustainable Development, he said.
G20 countries must reduce the debt burden of developing countries and continue to provide them with necessary financing support so as to increase their capability to reduce poverty, Xi said.
Addressing the summit on Saturday, Xi said China supports a G20 decision on the extension of the Debt Service Suspension Initiative, and will continue to fully implement it along with other parties. Xi said China has fully implemented the G20 Debt Service Suspension Initiative, with the total amount exceeding $1.3 billion. He also pledged that China will strengthen measures on debt suspension and relief for countries with real difficulties. Speaking of the vulnerable groups, Xi said G20 countries should give full play to the digital economy and provide more opportunities to small and medium-sized companies, women and young people.
–The Daily Mail-CGTN
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