Saudi Arabia says G20 leaders summit to be virtual

CAIRO - The G20 leaders summit will be held virtually on November 21-22, Saudi Arabia said on Monday.

The summit will focus on protecting lives and restoring growth by addressing vulnerabilities uncovered during the pandemic and by laying down foundations for a better future, the government said in a statement.

"The G20 has contributed over $21 billion to support the production, distribution and access to diagnostics, therapeutics and vaccines," the statement said.

It has also injected $11 trillion to safeguard the global economy and launched a debt suspension initiative for least developed countries allowing them to defer $14 billion in debt payments due this year.