The Group of 20 major economies agreed to a framework for more debt relief among poor nations on Friday, responding to appeals from humanitarian and economic leaders to alleviate massive suffering from economic fallout due to the coronavirus pandemic.
A statement by G-20 finance ministers and central bank governors after their virtual gathering said their "common framework" for debt restructuring could allow low-income countries to get an extension on debt payments through mid-2021 and, possibly, forgiveness of all debt.
Sustainable Development Goals — Africa — Christian Aid — Europe — European Union (E.U.) — Global Issues — Global Justice Now — Group of 20 (G-20) — Institute of International Finance (IFF) — International Monetary Fund (IMF) — Jubilee Debt Campaign — Oxfam International — Paris Club — Americas — World Bank Group — World Food Program (WFP) — Asia-Pacific — Middle East
