G-7 to provide debt relief to poor nations amid virus outbreak

Finance chiefs from the Group of Seven industrialized nations agreed Tuesday to provide debt relief to help developing countries finance emergency measures against the spread of the new coronavirus.The G-7 finance ministers and central bank governors said after a videoconference they would suspend debt payments owed by "the most vulnerable and poorest countries" to others if all Group of 20 economies support the move."Ministers and governors support multilateral efforts to assist these countries and stand ready to provide a time-bound suspend on debt service payments," they said in a summar…READ FULL ARTICLE