G20 delays decision on poor countries’ debt relief

International efforts have been “unambitious, unco-ordinated and uneven” – prominent economists

International Monetary Fund Headquarters 2, Washington, DC
Photo: John Harrington

The G20 failed to take a concrete decision on more relief for poor countries at its October 14 meeting, pushing back talks to next month.

The group of central bank governors and finance ministers from twenty major economies did agree to extend debt service relief for six months. The G20’s Debt Service Suspension Initiative (DSSI) was launched in the wake of the Covid-19 pandemic to help the world’s poorest nations finance virus-fighting efforts. It will now last until April 2021, when the G20

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