What the World in Summery Said about The Noval COVID-19 vs Financial Support
World leaders call for $200bn in aid to help poor countries fight pandemic Jonathan Wheatley in London A group of world leaders led by Gordon Brown, the former UK prime minister, has called on advanced economies to approve immediately a package of almost $200bn to help the world’s poorest countries fight the coronavirus crisis. In a letter to the G20 group of the world’s richest advanced and developing countries, the group of 165 past and former leaders called for a commitment “within days” to deliver $8bn for vaccines and other treatments; $35bn for ventilators, test kits, personal protection and other equipment; and a further $150bn to support health systems and economies and prevent a second wave of Covid-19. “Much has been done by national governments to counter the downward slide of their economies,” the letter reads. “But a global economic problem requires a global economic response. Our aim should be to prevent a liquidity crisis turning into a solvency crisis, and a global...