Deputy Finance Minister Zou Jiayi. (Photo/bundsummit.org)
Measures to ease burden of poor nations and boost sustainable development
China is implementing the debt relief plans promoted by the Group of 20 to help ease the debt burden of poor countries and achieve sustainable development during the novel coronavirus epidemic, a senior government official said.
As many poor countries are facing difficulties related to sustainable debt issues, joint efforts and cooperation are needed between countries, and multilateral development institutions should innovate financing methods to provide long-term, stable and low-cost funds, Deputy Finance Minister Zou Jiayi said during a recent summit.
China is taking “concrete” measures to fully align w…
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