In early November 2021, the leaders of the G20 agreed on measures to speed up the global economic recovery from the COVID-19 pandemic.
The heads of the G20 countries are going to tackle the logistics and transportation issues to resume international travel. They are planning to restart international travel in a safe and orderly manner, bringing it in line with the rules of such international organizations as the WHO, the ICAO, the IMO, and the OECD.
They agreed to introduce shared standards to ensure seamless travel, including testing requirements and results as well as vaccination certificates. Notably, mutual recognition of digital applications is also on the list.
The members of the summit held in Rome emphasized that in 2021, the global economic activity had been confidently rising. At the same time, the G20 countries are concerned about the negative influence of the COVID-19 pandemic on steady economic development.
The heads of the G20 are also ready to cooperate with the leading medical organizations. If necessary, they may even boost the global vaccination process, increasing the supply of vaccines to developing countries and allocating funds to support the relevant projects. Authorities of the G20 countries intend to use various tools to push up the economic growth after the virus-induced crisis and not to hurry to withdraw the lockdown measures.
In addition, the G20 agreed to support the steady recovery of the tourism sector, which is among those hardest hit by the pandemic. To reach the goal, the 20 largest economies approved the creation of a group of global health organizations to prevent and combat pandemics.
The G20 members welcomed the new general allocation of $650 billion Special Drawing Rights (SDR) implemented by the IMF to help the countries in need. They also emphasized the importance of investing funds in infrastructure of some economies.
