G20 finance ministers and central bankers are set to hold talks aimed at spurring global economic recovery from a coronavirus-triggered recession amid growing calls to widen debt relief for crisis-hit poor countries, AFP reported.

The virtual talks, hosted by Saudi Arabia, come as the surging pandemic continues to batter the global economy and campaigners warn of a looming debt crisis across poverty-wracked developing nations.

[The ministers and bankers will “discuss [the] global economic outlook and coordinate collective action for a robust and sustained global economic recovery,” G20 organisers in Riyadh said in a statement.

The talks, chaired by Saudi Finance Minister Mohammed al-Jadaan and central bank governor Ahmed al-Kholifey, come a day after the European Union held its first face-to-face summit in five months to discuss a post-virus economic rescue plan.