G20 agrees historic debt deal for poorer states hit by Covid-19
As the virus is expected to push some countries to brink of default, the new pact lays out rules for rescheduling and reducing debt
13 November 2020 - 17:16
Paris/Tokyo/Washington — G20 countries have agreed for the first time on a common framework for restructuring government debt in anticipation of the coronavirus crisis leaving some poorer nations struggling to pay and in need of relief.
With the Covid-19 pandemic straining the finances of some developing countries, G20 finance ministers said on Friday that more help is needed than the current temporary debt freeze, which will be extended until June 30 2021...
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