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G20 finance officials poised to recommend extension of debt freeze | Malay Mail

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WASHINGTON, July 18 — Finance officials from the Group of 20 major economies are poised to recommend extending a freeze in official bilateral debt payments by the world’s poorest countries, according to sources briefed on a virtual G20 meeting taking place today. Multiple sources said there was...

Saturday, 18 Jul 2020 11:07 PM MYT

WASHINGTON, July 18 — Finance officials from the Group of 20 major economies are poised to recommend extending a freeze in official bilateral debt payments by the world’s poorest countries, according to sources briefed on a virtual G20 meeting taking place today. World Bank chief economist Carmen Reinhart told reporters yesterday that the move was “highly probable” since the novel coronavirus pandemic was more severe and taking longer to overcome than initially expected.

 

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Saudi hosts G20 talks on virus recovery, debt crisis | Malay MailRIYADH, July 18 — G20 finance ministers and central bankers are set to hold talks today aimed at spurring global economic recovery from a coronavirus-triggered recession amid growing calls to widen debt relief for crisis-hit poor countries. The virtual talks, hosted by Saudi Arabia, come as the...
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