World lenders agree on $20bn in debt relief for over 70 poor countries hit by Covid-19
Forty countries in Sub-Saharan Africa will be eligible to have the debt payments suspended by official and private creditors
15 April 2020 - 08:25
Washington/Paris — Major international creditors will relieve the world's poorest countries of debt payments in 2020 to help them deal with the coronavirus pandemic that has sparked the steepest downturn in the global economy since the 1930s, France announced on Tuesday.
Finance officials from the US, China and other Group of 20 (G20) major economies are expected to finalise the agreement when they meet online on Wednesday, French finance minister Bruno Le Maire told reporters...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.