Despite their differing geopolitical positions, the G20 member states have decided to establish an epidemic control fund akin to the IMF.
“The establishment of a fund with the purpose of assisting small, medium-sized, and developing countries to purchase vaccines and medications during the outbreak of infectious diseases.
At the conference yesterday, on Saturday, on the island of Bali, he further stated: “All decisions of the Group of Twenty are exclusively taken by unanimous consent.
Look, in the current geopolitical environment, it is very challenging to come to an agreement. The most significant development in this geopolitical situation, however, was our ability to agree to create a fund.”
“We established the epidemics fund to assist nations in battling epidemics like the Covid-19 epidemic, just as the International Monetary Fund, which aids the two countries, was established at the end of World War II during economic and financial crises.
He declared that the Anti-Epideles Fund’s opening ceremony would take place on November 13 in Bali.
It is noteworthy that the G20 holds ministerial meetings on a variety of topics and initiatives in order to get ready for the summit’s leaders in Bali on November 15 and 16.
Source: Novosti.
The “Anti-Epidemy Fund” is established by the Group of Twenty despite their geopolitical differences.
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