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G20 agrees to additional 6-month debt suspension for poor nations

The Group of 20 nations, representing the world’s biggest economies, have agreed to extend the suspension of debt payments by an additional six months to support the most vulnerable countries in their fight against the coronavirus pandemic. The G-20 says the extension will provide ongoing relief for the $14bn in debt payments that would have come due at the end of the year otherwise. Wednesday’s decision gives developing nations until the end of June 2021 to focus spending on health care and emergency stimulus programs rather than debt repayments.

AlJazeera - October 14, 2020

View the full story here: https://www.aljazeera.com/news/2020/10/14/g20-suspends-poor-countries-debt-payments-for-another-6-months