G-20 agrees to support debt relief for poor nations

Finance chiefs of the Group of 20 major economies said Wednesday they agreed on debt relief for developing countries until the end of the year to help them take measures against the new coronavirus outbreak.The G-20 finance ministers and central bank governors said the suspension of debt payments will start on May 1 and creditors will also consider a potential extension during this year, taking into account a report on the liquidity needs of those countries by the World Bank and the International Monetary Fund."We support a time-bound suspension of debt service payments for the poorest coun…READ FULL ARTICLE