G20 backs IMF plan to boost reserves and extend debt-servicing freeze
Communiqué also supports equitable access to Covid-19 vaccines and sharpens language on tackling climate change
07 April 2021 - 22:58
Rome — World finance chiefs on Wednesday backed a plan to boost reserves at the International Monetary Fund (IMF) by $650bn (R9.46-trillion) and extend a debt-servicing freeze to help developing countries deal with the coronavirus pandemic, according to a Group of 20 communiqué.
Finance ministers and central bank governors from the world's 20 biggest economies also revived a pledge to fight trade protectionism — a reference that had been dropped since 2017 at the insistence of former US president Donald Trump's administration...
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