G-20 agrees on partial debt waiver for poor nations amid pandemic

TOKYO - Finance chiefs of the Group of 20 major economies agreed Friday to reduce the debts owed by developing countries as a further step to support them in fighting the coronavirus pandemic.The G-20, including the United States, China, Japan and European nations, had discussed relief measures that go beyond the debt service suspension, launched in May to help developing nations secure funds to take measures to curb the spread of the virus and ease its economic fallout.The newly agreed framework is designed "to facilitate timely and orderly debt treatment" for countries already eligible fo…READ FULL ARTICLE