G7 Finance Ministers agree on debt relief for poorest countries
(VOVWORLD) - Group of Seven (G&) Finance Ministers on Wednesday said a Group of Seven finance ministers on Wednesday said a debt relief for the world’s poorest countries could be extended beyond the end of the year to help deal with economic fallout from the coronavirus pandemic.
The statement followed a videoconference with ministersand urged all official creditors to join the initiative, called for strengthened reporting of public debt data, and said all creditors - public and private - should make responsible lending decisions in line with debt sustainability guidelines.