The Group of 20 leading economies will take a decision on extending the current suspension of debt repayments by the poorest countries closer to the end of the year, putting off assurances of additional relief as the global pandemic ravages nations around the world.
All member countries have started implementing the Debt Service Suspension Initiative that currently is set to only run through December and the G-20 expects the standstill to make $14 billion available for use in confronting the virus, Finance Minister Mohammed Al-Jadaan of host Saudi Arabia told reporters on Saturday after a virtual meeting of ministers and central bankers. So far, 42 countries have requested help under the plan, leading to the suspension of $5.3 billion i…
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