Jul 14, 2022
In Music Forum
German Federal Finance Minister Olaf Scholz said that virtually everyone is in favor of multilateral cooperation. Only one man has been preaching his greatness. Shawz's statement apparently refers to the selfish and arrogant US President Trump (Donald Trump) who was forced to step down. He severely damaged the unity of the G20 during his four years in office. Now that's coming to an end, thanks to American voters. With the ouster of the most arrogant president in history, the G20, which represents two-thirds of the human population, will be able to start anew. While Trump is still at the table, it is already evident precisely under the Saudi presidency: the global Covid-19 pandemic has raised awareness of how interdependent humanity is. Leaders are therefore prepared to consult on a range of issues, including a photo background removing common vaccination strategy, strengthening the role of the World Health Organization, revitalizing world trade, strengthening climate protection, better protecting biodiversity, and promoting the digital economy. With Joe Biden as the next president, the G20 will be able to achieve significantly more than the "me-centric" Trump era. Everything is easier without Trump In order to achieve a fair distribution of vaccines in the face of the new crown epidemic, it is extremely important for leaders of all countries to unite as one. A good start has been made, but more financial commitment is needed to organize 2 billion doses of vaccines for the world's poorer populations. After Trump leaves the White House, the United States should join the Global New Crown Vaccine Access (COVAX) mechanism as soon as possible. As always, the G20 summit's manifesto is still a political textbook with gorgeous words. But concrete commitments have long been expected, such as 46 richer countries approving 77 poorer countries to defer interest payments on public loans so that those funds can be used to fight the coronavirus. That sounds sweet, but this money, which totals only $50-60 billion a year, is nothing compared to the $11 trillion raised by G20 members for their own national economies. So to beat recession, especially in African countries, real debt relief is needed.