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 with G20 debt relief plans and help the debt-burdened countries, she said.
The COVID-19 pandemic is still expanding in some emerging and …
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