: G-20 Opens With Call for More Vaccines for Poor Countries #WorldNEWS ROME — Italys Premier Mario Draghi made a sharp call to pick up the pace in getting vaccines to poor countries as he opened

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G-20 Opens With Call for More Vaccines for Poor Countries #WorldNEWS
ROME — Italys Premier Mario Draghi made a sharp call to pick up the pace in getting vaccines to poor countries as he opened a conference of the worlds powerhouse economies, calling the gaping global COVID-19 vaccine gap “morally unacceptable.
Draghi, the host for the two-day Group of 20 summit in Rome, said Saturday that only 3% of people in the worlds poorest countries are vaccinated, while 70% in rich countries have had at least one shot.
Climate change, vaccines, the recovery, international taxation are all themes occupying leaders holding their first in-person summit since the pandemic took hold. The call for more collective vaccine help for low-income countries sounded a theme running through the G-20 summit, which contronts a two-track global recovery in which rich countries are bouncing back faster.
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Draghi welcomed the Group of 20 leaders to Rome’s Nuvola cloud-like convention center in the Fascist-era EUR neighborhood, which was sealed off from the rest of the capital.
Saturday’s opening session was focused on global health and the economy. Rich countries have used vaccines and stimulus spending to restart economic activity, leaving the risk that developing countries that account for much of global growth will remain behind due to low vaccinations and financing difficulties.
UN Secretary General-General Antonio Guterres has underlined that rich countries have spent 28% of annual economic output on pandemic recovery, while the figure is 2% for the poorest nations.
European Union leaders will meet off-site with African leaders in efforts to further support the continent’s poorest economies in the wake of the COVID-19 pandemic. French President Emmanuel Macron told reporters on Friday he expects the G-20 to confirm an additional 0 billion to support Africa’s economies.
The money would be provided via the reallocation of part of 0 billion worth of special drawing rights, a foreign exchange tool used to help finance imports issued by the International Monetary Fund. The idea is for countries that dont need the help to reallocated their special drawing rights to those that do. Participants were to include African Union President Felix Tshisekedi and Rwanda President Paul Kagame. The heads of state of South Africa and Senegal, Cyril Ramaphosa and Macky Sall, will take part via videoconference, the French presidency said.
Italy is hoping the G-20 will secure key commitments from countries representing 80% of the global economy — and responsible for around the same amount of global carbon emissions — ahead of the U. N. climate conference that begins Sunday in Glasgow, Scotland.

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