Saudi Minister of Finance Mohammed al-Jadaan speaks during an interview at the Ritz-Carlton Hotel in Riyadh, Saudi Arabia, December 19, 2018. — Reuters pic
The talks, chaired by Saudi Finance Minister Mohammed al-Jadaan and central bank governor Ahmed al-Kholifey, come a day after the European Union held its first face-to-face summit in five months to discuss a post-virus economic rescue plan. The US$11 trillion in stimulus offered by G20 nations has helped to prevent a worse outcome, but “these safety nets must be maintained as needed and, in some cases, expanded,” Georgieva said.In April, G20 nations announced a one-year debt standstill for the world's poorest nations.
But the 73 countries are still required to pay up to US$33.7 billion in debt repayments through the end of the year, the charities said in a research report released on Thursday.