UPDATE 1-Saudi Arabia says G20 leaders summit to be held virtually on Nov 21-22

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CAIRO, Sept 28 (Reuters) - The G20 leaders summit will be held virtually on Nov. 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. (Reporting By Marwa Rashad and Ahmed Tolba; Editing by Daniel Wallis and Himani Sarkar)