Upon this decision, the payment will due to be paid to G20 governments up to the end of 2020.
The ministers tackled the ways of the establishment of a fund to provide the necessary resources to support combating the COVID-19 in the continent.
Leaders from the Group of 20 major economies will speak by video link on Thursday about combating the coronavirus pandemic.
G20 finance ministers and central bankers agreed during a separate video conference this week to develop an "action plan" to respond to the outbreak.
Leaders from the Group of 20 major economies will convene a video conference on Thursday to discuss the coronavirus epidemic.
G20 finance ministers and central bankers are meeting in the Saudi capital to discuss top global economic challenges, including the spread of the new coronavirus.
Since Egypt’s term of African Union (AU) chairmanship started in February, eight summits have been held marking key events in the continent’s history.
Egypt and Germany signed €300 billion agreements on the sidelines of the G20-Initiative Compact with Africa (CwA) in Berlin on Tuesday.
The Egyptian president and AU chair warned of the repercussions of global threats on Africa.
Direct Japanese investments in Egypt are estimated at $420 million.
Egyptian President Abdel Fatah al-Sisi on Saturday confirmed his keenness on coordinating with Saudi Arabia regarding the recent developments in the Middle East.
Salman said the world is facing complicated challenges that necessitate boosting international cooperation.
Both leaders discussed opportunities of triangular cooperation between both Egypt and Russia in the African Continent in the light of Egypt's chairmanship of the African Union, added Rady.
Merkel asserted that Egypt is one of Germany's key partners in the Middle East region.
Egypt Today reviews the Q&A as it is published on the official website
In this regard, the ministry pointed out that trade exchange between Egypt and Japan in 2018 hit $1.26 billion, compared to $969 million in 2017.
Egypt's exports to the G20 member states upped by 13.7 percent to record $13.7 billion in 2018, compared to $12 billion in 2017.
"There are global challenges to be met: the need to step up action to avoid the climate threat, avoid trade wars, reform the international trading system, and to prepare for the digital revolution," he said.
The dollar extended its recovery on Thursday, gaining versus the yen and euro, on hopes the United States and China will agree a trade truce before a G20 summit in Japan this weekend.
Visiting Egyptian Prime Minister Mostafa Madbouli said that the government is ready to implement a plan to upgrade railway tractors and purchase new tractors.