The coronavirus recovery and the looming debt crisis were the two main topics on the table Saturday when Saudi Arabia hosted the virtual G20 talks.

G20 organizers said that finance officials will "discuss [the] global economic outlook and coordinate collective action for a robust and sustained global economic recovery."

“We are determined to continue to use all available policy tools to safeguard people’s lives, jobs and incomes, support global economic recovery, and enhance the resilience of the financial system, while safeguarding against downside risks,” organizers said in a statement that followed the meeting.

The G20 nations also discussed an extension of debt relief for some of the world’s poorest countries.

On April 15, G20 countries agreed to a one-year “debt service standstill” for the world's poorest nations. French Finance Minister Bruno Le Marie has urged G20 nations to extend the debt service suspension initiative, allowing 41 out of the world's 73 poorest nations to save billions in payments this year.

"The economic crisis will persist in 2021 throughout the world," Le Maire said. "France calls on the G20 countries to extend the moratorium on debt servicing to give the poorest countries the means to overcome" the crisis.

Amid a global pandemic, renowned economist Nouriel Roubini told Al Jazeera that he expects a potential decade of global economic instability, with companies cutting back labor costs and workers stuck in the "gig economy."

The G20 is an international forum composed of 19 countries and the European Union with the goal of international financial global stability.

Coronavirus G20